Silvercrest Asset Management Group LLC Takes $16.17 Million Position in Victoria's Secret & Co. (NYSE:VSCO)

Silvercrest Asset Management Group LLC bought a new position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 390,330 shares of the company's stock, valued at approximately $16,167,000. Silvercrest Asset Management Group LLC owned approximately 0.50% of Victoria's Secret & Co. as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Ballentine Partners LLC acquired a new position in shares of Victoria's Secret & Co. during the fourth quarter valued at about $236,000. Crossmark Global Holdings Inc. acquired a new position in Victoria's Secret & Co. during the 4th quarter valued at about $206,000. Nisa Investment Advisors LLC increased its holdings in Victoria's Secret & Co. by 23.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,283 shares of the company's stock worth $716,000 after purchasing an additional 3,277 shares in the last quarter. Oliver Luxxe Assets LLC purchased a new stake in shares of Victoria's Secret & Co. in the fourth quarter worth approximately $1,963,000. Finally, TriaGen Wealth Management LLC purchased a new stake in shares of Victoria's Secret & Co. in the fourth quarter worth approximately $713,000. Institutional investors and hedge funds own 90.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company reiterated an "underweight" rating and set a $15.00 price target (up previously from $12.00) on shares of Victoria's Secret & Co. in a report on Wednesday, May 14th. JPMorgan Chase & Co. upped their target price on shares of Victoria's Secret & Co. from $17.00 to $22.00 and gave the stock a "neutral" rating in a research note on Monday. BMO Capital Markets lowered their target price on shares of 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. Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. Finally, Barclays reduced their price objective on shares of Victoria's Secret & Co. from $38.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $27.09.

Victoria's Secret & Co. Stock Performance

Shares of NYSE VSCO traded down $1.30 during midday trading on Wednesday, hitting $22.23. The company's stock had a trading volume of 1,596,445 shares, compared to its average volume of 2,941,648. The stock has a fifty day moving average price of $19.14 and a 200 day moving average price of $29.99. Victoria's Secret & Co. has a one year low of $13.76 and a one year high of $48.73. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 11.52, a P/E/G 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 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 net margin of 2.47% and a return on equity of 44.74%. On average, research analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Insider Activity at Victoria's Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc bought 584,000 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were acquired at an average price of $18.48 per share, with a total value of $10,792,320.00. Following the acquisition, the insider now owns 10,098,131 shares of the company's stock, valued at approximately $186,613,460.88. The trade was a 6.14% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have purchased 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is owned by company insiders.

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.