Fuller & Thaler Asset Management Inc. lifted its position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 8.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,035,460 shares of the company's stock after buying an additional 156,979 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 2.59% of Victoria's Secret & Co. worth $84,309,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP raised its stake in Victoria's Secret & Co. by 481.5% during the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock worth $81,049,000 after purchasing an additional 1,620,256 shares during the period. FMR LLC increased its stake in Victoria's Secret & Co. by 44.7% during the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock worth $165,188,000 after buying an additional 1,231,090 shares during the period. SRS Investment Management LLC purchased a new stake in Victoria's Secret & Co. during the 4th quarter worth $37,011,000. 12 West Capital Management LP purchased a new stake in Victoria's Secret & Co. during the 4th quarter worth $17,519,000. Finally, EVR Research LP purchased a new stake in Victoria's Secret & Co. during the 4th quarter worth $11,598,000. Institutional investors and hedge funds own 90.29% of the company's stock.
Victoria's Secret & Co. Stock Performance
VSCO stock traded down $0.37 during midday trading on Tuesday, hitting $18.60. The stock had a trading volume of 507,525 shares, compared to its average volume of 2,936,627. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 9.62, a P/E/G ratio of 1.15 and a beta of 2.26. Victoria's Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The stock has a 50-day simple moving average of $19.93 and a 200 day simple moving average of $30.86. 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 announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.30 by $0.30. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates 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, equities research analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.
Insiders Place Their Bets
In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 212,500 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average cost of $16.15 per share, for a total transaction of $3,431,875.00. Following the transaction, the insider now owns 10,310,631 shares of the company's stock, valued at $166,516,690.65. This trade represents a 2.10 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have purchased 1,503,973 shares of company stock worth $26,617,312. Insiders own 1.10% of the company's stock.
Analyst Ratings Changes
Several research firms recently issued reports on VSCO. Telsey Advisory Group dropped their price target on shares of Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating on the stock in a research note on Thursday, March 6th. The Goldman Sachs Group lowered their target price on Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley reduced their price objective on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Barclays reduced their price objective on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. decreased their target price on Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $29.73.
Get Our Latest Research Report on Victoria's Secret & Co.
Victoria's Secret & Co. Profile
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Free Report)
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.
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