Brevan Howard Capital Management LP Buys 43,416 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Brevan Howard Capital Management LP lifted its stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 165.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,669 shares of the company's stock after purchasing an additional 43,416 shares during the period. Brevan Howard Capital Management LP owned 0.09% of Victoria's Secret & Co. worth $2,886,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in VSCO. Marshall Wace LLP increased its holdings in Victoria's Secret & Co. by 481.5% during the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock worth $81,049,000 after buying an additional 1,620,256 shares during the last quarter. FMR LLC increased its stake in shares of Victoria's Secret & Co. by 44.7% during the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock worth $165,188,000 after purchasing an additional 1,231,090 shares during the last quarter. SRS Investment Management LLC acquired a new position in shares of Victoria's Secret & Co. during the 4th quarter worth about $37,011,000. 12 West Capital Management LP bought a new stake in shares of Victoria's Secret & Co. in the 4th quarter valued at about $17,519,000. Finally, EVR Research LP acquired a new stake in Victoria's Secret & Co. in the 4th quarter valued at about $11,598,000. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Price Performance

Shares of Victoria's Secret & Co. stock opened at $19.25 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 1.15 and a beta of 2.25. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The company has a 50-day simple moving average of $18.99 and a two-hundred day simple moving average of $30.58.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 2.47% and a return on equity of 44.74%. Analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VSCO shares. Cowen reissued a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. BMO Capital Markets decreased their target price on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. The Goldman Sachs Group cut their price target on Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley decreased their price objective on shares of Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Finally, Bank of America cut their target price on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a research note on Thursday, January 30th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $28.55.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc bought 212,500 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was bought 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 represents a 2.10 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders purchased 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is currently owned by company insiders.

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.

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