Victoria’s Secret & Co. (NYSE:VSCO) Major Shareholder International Pte Ltd Bbrc Buys 584,000 Shares

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc bought 584,000 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were bought at an average cost of $18.48 per share, for a total transaction of $10,792,320.00. Following the purchase, the insider now directly owns 10,098,131 shares in the company, valued at approximately $186,613,460.88. This represents a 6.14 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Large 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 Wednesday, March 26th, International Pte Ltd Bbrc acquired 85,145 shares of Victoria’s Secret & Co. stock. The stock was bought 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 bought 80,328 shares of Victoria’s Secret & Co. stock. The shares were purchased 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 stock was purchased at an average price of $17.32 per share, with a total value of $9,387,440.00.

Victoria’s Secret & Co. Stock Up 4.8 %

Victoria’s Secret & Co. stock opened at $19.25 on Thursday. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.73. The stock has a fifty day simple moving average of $26.77 and a two-hundred day simple moving average of $31.98. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.15 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Equities analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Analyst Ratings Changes

VSCO has been the subject of a number of research reports. Cowen reiterated a “hold” rating on shares of Victoria’s Secret & Co. in a report on Friday, March 7th. Barclays decreased their price target on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. TD Cowen boosted their price objective on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Bank of America cut their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a report on Thursday, January 30th. Finally, The Goldman Sachs Group lowered their target price on shares of Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in Victoria’s Secret & Co. by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company’s stock valued at $67,562,000 after buying an additional 22,684 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Victoria’s Secret & Co. in the fourth quarter worth $7,373,000. Wakefield Asset Management LLLP purchased a new stake in Victoria’s Secret & Co. during the fourth quarter valued at $991,000. FengHe Fund Management Pte. Ltd. bought a new position in Victoria’s Secret & Co. in the fourth quarter valued at about $2,435,000. Finally, Oliver Luxxe Assets LLC purchased a new position in Victoria’s Secret & Co. in the fourth quarter worth about $1,963,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

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.