Jacobs Levy Equity Management Inc. Purchases 128,319 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Jacobs Levy Equity Management Inc. lifted its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 999.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,164 shares of the company's stock after buying an additional 128,319 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.18% of Victoria's Secret & Co. worth $5,847,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CoreCap Advisors LLC lifted its position 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 worth $85,000 after purchasing an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC lifted its position 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 worth $92,000 after purchasing an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board lifted its position 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 worth $104,000 after purchasing an additional 800 shares in the last quarter. Pinpoint Asset Management Ltd bought a new stake in shares of Victoria's Secret & Co. in the fourth quarter worth $123,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Victoria's Secret & Co. in the fourth quarter worth $204,000. Institutional investors and hedge funds own 90.29% of the company's stock.

Insider Activity at Victoria's Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc purchased 212,500 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of $16.15 per share, with a total value of $3,431,875.00. Following the acquisition, the insider now owns 10,310,631 shares in the company, valued at approximately $166,516,690.65. The trade was a 2.10% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have acquired 1,503,973 shares of company stock worth $26,617,312. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VSCO shares. Barclays dropped their price target on shares of Victoria's Secret & Co. from $38.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. BMO Capital Markets dropped their price target on shares of Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Bank of America dropped their price target 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. The Goldman Sachs Group dropped their price target on shares of 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $27.09.

Victoria's Secret & Co. Stock Performance

Shares of VSCO stock traded up $0.36 on Friday, hitting $23.56. The company's stock had a trading volume of 2,169,978 shares, compared to its average volume of 2,942,879. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The stock's 50 day moving average is $18.91 and its 200-day moving average is $30.09. Victoria's Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73. The company has a market capitalization of $1.85 billion, a PE ratio of 12.21, a PEG ratio of 1.15 and a beta of 2.25.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 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 the consensus estimate of $2.10 billion. Equities research analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Victoria's Secret & Co. Company 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.