Victoria's Secret & Co. (NYSE:VSCO) Shares Bought by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 256.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,569 shares of the company's stock after acquiring an additional 85,267 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 0.15% of Victoria's Secret & Co. worth $4,911,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VSCO. GAMMA Investing LLC raised its position in Victoria's Secret & Co. by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock worth $144,000 after purchasing an additional 326 shares during the period. Picton Mahoney Asset Management raised its holdings in shares of Victoria's Secret & Co. by 6.5% in the fourth quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company's stock worth $322,000 after buying an additional 477 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of 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 worth $340,000 after acquiring an additional 522 shares during the last quarter. Mariner LLC lifted its stake in shares of Victoria's Secret & Co. by 3.0% during the 4th quarter. Mariner LLC now owns 19,307 shares of the company's stock worth $800,000 after acquiring an additional 569 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Victoria's Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after acquiring an additional 800 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VSCO has been the subject of several research analyst reports. Morgan Stanley decreased their target price on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. BMO Capital Markets decreased their price objective 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. Telsey Advisory Group dropped their target price 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. Barclays dropped their price objective on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Finally, Cowen reaffirmed a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $28.55.

Insider Activity at Victoria's Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of the stock in a transaction on 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 owns 9,255,347 shares in the company, valued at $155,304,722.66. The trade was a 0.88 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 1,503,973 shares of company stock valued at $26,617,312 in the last three months. 1.10% of the stock is owned by insiders.

Victoria's Secret & Co. Stock Up 4.0 %

Shares of NYSE:VSCO traded up $0.76 during trading on Friday, reaching $19.95. The stock had a trading volume of 1,412,569 shares, compared to its average volume of 2,947,084. The firm's 50-day simple moving average is $19.35 and its 200 day simple moving average is $30.64. 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. has a one year low of $13.76 and a one year high of $48.73. The company has a market capitalization of $1.57 billion, a P/E ratio of 10.34, a PEG ratio of 1.15 and a beta of 2.26.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. As a group, research analysts expect 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.