Victoria’s Secret & Co. (NYSE:VSCO) Major Shareholder International Pte Ltd Bbrc Acquires 212,500 Shares

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc purchased 212,500 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were purchased at an average cost of $16.15 per share, for a total transaction of $3,431,875.00. Following the transaction, the insider now owns 10,310,631 shares of the company’s stock, valued at $166,516,690.65. This trade represents a 2.10 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

International Pte Ltd Bbrc also recently made the following trade(s):

• On Friday, March 28th, International Pte Ltd Bbrc bought 584,000 shares of Victoria’s Secret & Co. stock. The shares were acquired at an average price of $18.48 per share, for a total transaction of $10,792,320.00.
• On Wednesday, March 26th, International Pte Ltd Bbrc purchased 85,145 shares of Victoria’s Secret & Co. stock. The shares were acquired at an average price of $19.47 per share, with a total value of $1,657,773.15.
• On Wednesday, March 12th, International Pte Ltd Bbrc acquired 80,328 shares of Victoria’s Secret & Co. stock. The stock was acquired at an average price of $16.78 per share, for a total transaction of $1,347,903.84.
• On Monday, March 10th, International Pte Ltd Bbrc bought 542,000 shares of Victoria’s Secret & Co. stock. The shares were acquired at an average price of $17.32 per share, with a total value of $9,387,440.00.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO opened at $16.83 on Friday. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The business’s 50 day simple moving average is $25.88 and its 200-day simple moving average is $31.87. Victoria’s Secret & Co. has a 12 month low of $13.76 and a 12 month high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. As a group, equities analysts forecast that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Victoria’s Secret & Co. in the fourth quarter valued at approximately $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Victoria’s Secret & Co. by 33.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,355 shares of the company’s stock valued at $6,435,000 after buying an additional 38,820 shares during the last quarter. Tremblant Capital Group increased its position in Victoria’s Secret & Co. by 137.1% during the fourth quarter. Tremblant Capital Group now owns 550,135 shares of the company’s stock worth $22,787,000 after buying an additional 318,080 shares in the last quarter. State of Wyoming raised its holdings in shares of Victoria’s Secret & Co. by 173.2% in the fourth quarter. State of Wyoming now owns 6,245 shares of the company’s stock worth $259,000 after acquiring an additional 3,959 shares during the last quarter. Finally, Shellback Capital LP acquired a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth $3,728,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. BMO Capital Markets decreased their price objective on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Morgan Stanley decreased their price target on Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Cowen restated a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. Wells Fargo & Company lowered their target price on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $31.73.

About Victoria’s Secret & Co.

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.