Divisadero Street Capital Management LP Purchases New Stake in Victoria's Secret & Co. (NYSE:VSCO)

Divisadero Street Capital Management LP acquired a new stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 85,910 shares of the company's stock, valued at approximately $3,558,000. Divisadero Street Capital Management LP owned approximately 0.11% of Victoria's Secret & Co. at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Victoria's Secret & Co. by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock worth $369,793,000 after buying an additional 58,981 shares in the last quarter. FMR LLC raised its stake in Victoria's Secret & Co. by 44.7% in the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock valued at $165,188,000 after purchasing an additional 1,231,090 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Victoria's Secret & Co. by 7.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company's stock valued at $85,168,000 after purchasing an additional 137,074 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Victoria's Secret & Co. by 8.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,035,460 shares of the company's stock worth $84,309,000 after purchasing an additional 156,979 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of 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 in the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria's Secret & Co. Trading Down 2.4 %

VSCO traded down $0.48 on Friday, reaching $19.26. 2,811,240 shares of the company's stock were exchanged, compared to its average volume of 2,960,011. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The company's 50 day moving average is $18.52 and its 200-day moving average is $30.30. 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 cap of $1.51 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 1.15 and a beta of 2.25.

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

Insider Buying and Selling at Victoria's Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the transaction, the insider now directly owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. This represents a 0.88 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have purchased 1,503,973 shares of company stock valued at $26,617,312 over the last three months. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

VSCO has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of 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. The Goldman Sachs Group decreased their price objective on Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating on the stock in a report on Tuesday, April 22nd. Barclays lowered their price objective on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Finally, BMO Capital Markets lowered their price target on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Three investment 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. According to MarketBeat, Victoria's Secret & Co. has an average rating of "Hold" and a consensus price target of $28.18.

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.