Nomura Holdings Inc. Purchases New Position in Victoria's Secret & Co. (NYSE:VSCO)

Nomura Holdings Inc. purchased a new stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 54,355 shares of the company's stock, valued at approximately $2,251,000. Nomura Holdings Inc. owned approximately 0.07% of Victoria's Secret & Co. as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC increased its stake in Victoria's Secret & Co. by 1,898.1% in the 4th 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 during the last quarter. Smartleaf Asset Management LLC increased its stake in Victoria's Secret & Co. by 326.6% in the 4th 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 during the last quarter. Canada Pension Plan Investment Board increased its stake in Victoria's Secret & Co. by 47.1% in the 4th 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 during the last quarter. Pinpoint Asset Management Ltd purchased a new stake in Victoria's Secret & Co. in the 4th quarter valued at about $123,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Victoria's Secret & Co. during the 4th quarter worth approximately $204,000. Institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Up 1.6%

VSCO opened at $23.56 on Friday. The company has a 50 day moving average of $18.91 and a 200 day moving average of $30.09. The company has a market cap of $1.85 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.15 and a beta of 2.25. Victoria's Secret & Co. has a 12 month low of $13.76 and a 12 month high of $48.73. 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 data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping 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%. On average, sell-side analysts expect that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Insider Buying and Selling at Victoria's Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc purchased 542,000 shares of the business's stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $17.32 per share, with a total value of $9,387,440.00. Following the acquisition, the insider now directly owns 8,695,019 shares in the company, valued at approximately $150,597,729.08. This trade represents a 6.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought a total of 1,503,973 shares of company stock valued at $26,617,312 in the last three months. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VSCO shares. Wells Fargo & Company restated an "underweight" rating and set a $15.00 price target (up previously from $12.00) on shares of Victoria's Secret & Co. in a research note on Wednesday. The Goldman Sachs Group decreased their price target on shares of Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley decreased their price target on shares of Victoria's Secret & Co. from $23.00 to $19.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. UBS Group decreased their price target on shares of Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Finally, Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday, March 7th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $27.09.

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.

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