79,005 Shares in Victoria's Secret & Co. (NYSE:VSCO) Acquired by Franklin Resources Inc.

Franklin Resources Inc. purchased a new position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 79,005 shares of the company's stock, valued at approximately $3,272,000. Franklin Resources Inc. owned 0.10% of Victoria's Secret & Co. as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of VSCO. Alliancebernstein L.P. lifted its stake in Victoria's Secret & Co. by 1.4% during the fourth quarter. Alliancebernstein L.P. now owns 102,812 shares of the company's stock worth $4,258,000 after purchasing an additional 1,461 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Victoria's Secret & Co. during the 4th quarter worth $471,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Victoria's Secret & Co. by 7.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company's stock worth $85,168,000 after buying an additional 137,074 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Victoria's Secret & Co. by 84.9% in the fourth quarter. JPMorgan Chase & Co. now owns 581,847 shares of the company's stock valued at $24,100,000 after buying an additional 267,080 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its holdings in shares of Victoria's Secret & Co. by 17.0% in the fourth quarter. WINTON GROUP Ltd now owns 192,951 shares of the company's stock worth $7,992,000 after acquiring an additional 28,052 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Trading Up 1.8 %

Shares of NYSE VSCO traded up $0.27 during midday trading on Thursday, reaching $15.89. The stock had a trading volume of 508,025 shares, compared to its average volume of 2,909,473. The company's 50 day moving average price is $22.28 and its 200 day moving average price is $31.19. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VSCO. 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 for the company in a report on Thursday, March 6th. Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Morgan Stanley cut their price target on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. Telsey Advisory Group lowered their price objective on Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a research note on Thursday, March 6th. Finally, Bank of America cut their target price on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating on the stock in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Victoria's Secret & Co. has an average rating of "Hold" and a consensus price target of $30.09.

Insider Activity

In related news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of Victoria's Secret & Co. stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $16.78 per share, with a total value of $1,347,903.84. Following the transaction, the insider now directly owns 9,255,347 shares in the company, valued at $155,304,722.66. This represents a 0.88 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have acquired 1,503,973 shares of company stock valued at $26,617,312 in the last ninety days. 1.10% of the stock is owned by company insiders.

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.