Man Group plc Acquires Shares of 20,019 Victoria's Secret & Co. (NYSE:VSCO)

Man Group plc bought a new stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,019 shares of the company's stock, valued at approximately $829,000.

A number of other large investors also recently made changes to their positions in the business. Picton Mahoney Asset Management increased its holdings in shares of Victoria's Secret & Co. by 6.5% in the 4th quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company's stock valued at $322,000 after purchasing an additional 477 shares during the period. Summit Investment Advisors Inc. increased its holdings in shares of Victoria's Secret & Co. by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company's stock valued at $340,000 after purchasing an additional 522 shares during the period. Mariner LLC increased its holdings in shares of Victoria's Secret & Co. by 3.0% in the 4th quarter. Mariner LLC now owns 19,307 shares of the company's stock valued at $800,000 after purchasing an additional 569 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Victoria's Secret & Co. by 47.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after purchasing an additional 800 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Victoria's Secret & Co. by 1.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,152 shares of the company's stock valued at $2,533,000 after purchasing an additional 1,018 shares during the period. Institutional investors and hedge funds own 90.29% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on VSCO. Wells Fargo & Company reissued an "underweight" rating and issued a $15.00 price target (up previously from $12.00) on shares of Victoria's Secret & Co. in a research note on Wednesday, May 14th. Wall Street Zen raised Victoria's Secret & Co. from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. The Goldman Sachs Group lowered their price target on Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group lowered their price target on Victoria's Secret & Co. from $42.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. 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 research note on Thursday, March 6th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $26.18.

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

In related news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the business'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 completion of the acquisition, the insider now owns 9,255,347 shares in the company, 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 document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders purchased 1,503,973 shares of company stock valued at $26,617,312. 1.10% of the stock is currently owned by company insiders.

Victoria's Secret & Co. Stock Performance

Shares of NYSE VSCO traded down $0.67 during trading hours on Thursday, reaching $20.32. The stock had a trading volume of 1,490,273 shares, compared to its average volume of 2,948,196. The business's fifty day moving average is $19.33 and its two-hundred day moving average is $29.53. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 10.55, a PEG 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.

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

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.