280,000 Shares in Victoria's Secret & Co. (NYSE:VSCO) Acquired by EVR Research LP

EVR Research LP bought a new position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 280,000 shares of the company's stock, valued at approximately $11,598,000. Victoria's Secret & Co. makes up approximately 3.9% of EVR Research LP's portfolio, making the stock its 10th biggest holding. EVR Research LP owned 0.36% of Victoria's Secret & Co. at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in shares of Victoria's Secret & Co. during the 3rd quarter valued at about $412,000. Y Intercept Hong Kong Ltd purchased a new stake in Victoria's Secret & Co. in the third quarter worth about $768,000. Geode Capital Management LLC lifted its position in shares of Victoria's Secret & Co. by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company's stock valued at $46,121,000 after buying an additional 24,967 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Victoria's Secret & Co. by 3.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 51,139 shares of the company's stock worth $1,314,000 after acquiring an additional 1,617 shares during the period. Finally, Castellan Group purchased a new position in shares of Victoria's Secret & Co. during the 3rd quarter valued at $6,218,000. 90.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of Victoria's Secret & Co. stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the completion of the transaction, the insider now directly owns 9,255,347 shares of the company's stock, valued at $155,304,722.66. The trade was a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have acquired 1,503,973 shares of company stock valued at $26,617,312 over the last quarter. Company insiders own 1.10% of the company's stock.

Victoria's Secret & Co. Stock Performance

Victoria's Secret & Co. stock traded up $0.51 during mid-day trading on Thursday, reaching $16.13. 1,296,862 shares of the company were exchanged, compared to its average volume of 2,912,297. The firm's 50-day simple moving average is $22.28 and its two-hundred day simple moving average is $31.19. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. 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 firm has a market cap of $1.27 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.10 billion. Equities analysts predict that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. The Goldman Sachs Group cut their target price on Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating for the company in a research report on Monday, March 10th. Bank of America decreased their price target 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. Cowen reaffirmed a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Telsey Advisory Group lowered their price objective on shares of Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a research note on Thursday, March 6th. Finally, Morgan Stanley dropped 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 research note on Friday, March 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $30.09.

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.