Victoria's Secret & Co. (NYSE:VSCO) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 33.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,355 shares of the company's stock after buying an additional 38,820 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of Victoria's Secret & Co. worth $6,435,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of VSCO. CoreCap Advisors LLC boosted its stake in shares of Victoria's Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after buying an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Victoria's Secret & Co. by 326.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after buying an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Victoria's Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after buying an additional 800 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new stake in Victoria's Secret & Co. during the fourth quarter worth $123,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Victoria's Secret & Co. during the fourth quarter worth $204,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VSCO shares. Wells Fargo & Company reiterated an "underweight" rating and set a $15.00 target price (up from $12.00) on shares of Victoria's Secret & Co. in a research report on Wednesday, May 14th. Barclays decreased their target price on Victoria's Secret & Co. from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday. Morgan Stanley decreased their target price on Victoria's Secret & Co. from $23.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Finally, The Goldman Sachs Group reiterated a "sell" rating and set a $15.00 target price on shares of Victoria's Secret & Co. in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $26.09.

Insider Activity at Victoria's Secret & Co.

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 85,145 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average cost of $19.47 per share, for a total transaction 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 $182,819,503.35. This trade represents a 0.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders acquired 1,503,973 shares of company stock worth $26,617,312. 0.45% of the stock is currently owned by insiders.

Victoria's Secret & Co. Price Performance

Shares of NYSE VSCO traded up $0.45 during trading on Thursday, reaching $20.92. The company had a trading volume of 3,282,090 shares, compared to its average volume of 2,981,346. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The stock has a market capitalization of $1.64 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. The stock has a 50-day moving average price of $19.46 and a two-hundred day moving average price of $28.90. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping analysts' consensus estimates of $2.30 by $0.30. The company had revenue of $2.11 billion during the quarter, compared to analysts' expectations 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, sell-side analysts predict that Victoria's Secret & Co. will post 2.37 earnings per share for the current 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.