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

SG Americas Securities LLC purchased a new stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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 Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management boosted its stake in shares of Victoria's Secret & Co. by 6.5% during the fourth 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 in the last quarter. Summit Investment Advisors Inc. boosted its position in Victoria's Secret & Co. by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company's stock valued at $340,000 after acquiring an additional 522 shares in the last quarter. 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 acquiring an additional 569 shares during the period. Canada Pension Plan Investment Board raised its position 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 worth $104,000 after acquiring an additional 800 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 worth $2,533,000 after acquiring an additional 1,018 shares in the last quarter. Institutional investors own 90.29% of the company's stock.

Insider Transactions at Victoria's Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc bought 584,000 shares of the stock in a transaction dated Friday, March 28th. The shares were purchased at an average price of $18.48 per share, for a total transaction of $10,792,320.00. Following the completion of the purchase, the insider now directly owns 10,098,131 shares of the company's stock, valued at $186,613,460.88. This represents a 6.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 881,645 shares of company stock worth $15,881,968 over the last 90 days. 0.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wall Street Zen lowered Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. BMO Capital Markets lowered their price target on shares of 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. Jefferies Financial Group reduced their price objective on shares of 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. The Goldman Sachs Group reissued a "sell" rating and set a $15.00 target price on shares of Victoria's Secret & Co. in a research report on Wednesday, June 4th. 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 investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $24.64.

Victoria's Secret & Co. Stock Performance

VSCO traded up $0.94 on Tuesday, reaching $19.52. 2,707,890 shares of the stock were exchanged, compared to its average volume of 3,003,554. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.16 and a quick ratio of 0.33. The company's 50-day moving average price is $20.00 and its 200 day moving average price is $27.10. The firm has a market capitalization of $1.56 billion, a PE ratio of 9.76, a PEG ratio of 1.03 and a beta of 2.26. Victoria's Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $1.35 billion during 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 company's revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the business posted $0.12 earnings per share. As a group, sell-side analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

About Victoria's Secret & Co.

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.