108,160 Shares in Victoria's Secret & Co. (NYSE:VSCO) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 108,160 shares of the company's stock, valued at approximately $4,480,000. BNP Paribas Financial Markets owned 0.14% of Victoria's Secret & Co. at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Picton Mahoney Asset Management grew its holdings in shares of Victoria's Secret & Co. by 6.5% during the 4th quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company's stock worth $322,000 after purchasing an additional 477 shares during the period. Summit Investment Advisors Inc. lifted its stake in Victoria's Secret & Co. by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company's stock worth $340,000 after acquiring an additional 522 shares in the last quarter. Mariner LLC lifted its stake in Victoria's Secret & Co. by 3.0% during the 4th quarter. Mariner LLC now owns 19,307 shares of the company's stock worth $800,000 after acquiring an additional 569 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Victoria's Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock worth $104,000 after acquiring an additional 800 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Victoria's Secret & Co. by 4.4% during the 4th quarter. New York State Common Retirement Fund now owns 26,478 shares of the company's stock worth $1,097,000 after acquiring an additional 1,117 shares in the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on VSCO. Barclays decreased their target price on Victoria's Secret & Co. from $38.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. JPMorgan Chase & Co. decreased their target price on Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Cowen reissued a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday, March 7th. Wells Fargo & Company reissued an "underweight" rating and set a $15.00 target price (up previously from $12.00) on shares of Victoria's Secret & Co. in a research note on Wednesday. Finally, The Goldman Sachs Group decreased their target price on Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating on the stock in a research note on Tuesday, April 22nd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Victoria's Secret & Co. presently has an average rating of "Hold" and an average price target of $27.09.

Victoria's Secret & Co. Stock Up 1.6%

VSCO stock traded up $0.36 during mid-day trading on Friday, reaching $23.56. The company had a trading volume of 2,169,978 shares, compared to its average volume of 2,942,879. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 1.15 and a beta of 2.25. The firm has a fifty day simple moving average of $18.91 and a 200 day simple moving average of $30.09. Victoria's Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.30. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Analysts forecast that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insider Transactions at Victoria's Secret & Co.

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 542,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $17.32 per share, with a total value of $9,387,440.00. Following the transaction, the insider now owns 8,695,019 shares of the company's stock, valued at approximately $150,597,729.08. The trade was a 6.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 1,503,973 shares of company stock valued at $26,617,312. Corporate insiders own 1.10% of the company's stock.

Victoria's Secret & Co. 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.