39,326 Shares in Victoria's Secret & Co. (NYSE:VSCO) Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 39,326 shares of the company's stock, valued at approximately $731,000. SG Americas Securities LLC owned 0.05% of Victoria's Secret & Co. as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VSCO. NBC Securities Inc. raised its stake in shares of Victoria's Secret & Co. by 141,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock valued at $52,000 after purchasing an additional 2,820 shares during the period. CoreCap Advisors LLC raised its holdings in shares of Victoria's Secret & Co. by 1,898.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after acquiring an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Victoria's Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after acquiring an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board raised 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 acquiring an additional 800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Victoria's Secret & Co. in the 4th quarter valued at about $112,000. 90.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on VSCO shares. Morgan Stanley reaffirmed a "positive" rating on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. UBS Group set a $24.00 price target on Victoria's Secret & Co. and gave the company a "neutral" rating in a report on Friday, May 23rd. Barclays reaffirmed an "overweight" rating and issued a $23.00 price target (up previously from $22.00) on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. JPMorgan Chase & Co. raised their price target on Victoria's Secret & Co. from $17.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $24.00 price target on shares of Victoria's Secret & Co. in a report on Wednesday, June 11th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $24.64.

Insider Activity

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 85,145 shares of Victoria's Secret & Co. stock in a transaction dated Wednesday, March 26th. The shares were purchased at an average cost of $19.47 per share, with a total value of $1,657,773.15. Following the completion of the purchase, the insider now owns 9,389,805 shares of the company's stock, valued at approximately $182,819,503.35. This represents a 0.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have acquired 881,645 shares of company stock valued at $15,881,968. Company insiders own 0.45% of the company's stock.

Victoria's Secret & Co. Price Performance

Shares of Victoria's Secret & Co. stock traded up $0.46 during trading on Friday, hitting $18.86. 3,523,479 shares of the stock traded hands, compared to its average volume of 3,007,425. The firm's fifty day moving average is $19.95 and its 200-day moving average is $27.41. The company has a quick ratio of 0.33, a current ratio of 1.16 and a debt-to-equity ratio of 1.60. Victoria's Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 1.03 and a beta of 2.26.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.32 billion. Victoria's Secret & Co. had a return on equity of 37.76% and a net margin of 2.69%. The business's quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 EPS. Research analysts expect that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal 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.