Victoria's Secret & Co. (NYSE:VSCO) Shares Purchased by Northern Trust Corp

Northern Trust Corp grew its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 896,274 shares of the company's stock after purchasing an additional 82,729 shares during the quarter. Northern Trust Corp owned approximately 1.14% of Victoria's Secret & Co. worth $37,124,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in 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 raised its position in shares of 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 in the last quarter. Pinpoint Asset Management Ltd acquired a new position in Victoria's Secret & Co. in the 4th quarter valued at approximately $123,000. GAMMA Investing LLC boosted its stake in Victoria's Secret & Co. by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock worth $144,000 after acquiring an additional 326 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Victoria's Secret & Co. in the fourth quarter valued at $206,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Victoria's Secret & Co.

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 85,145 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was acquired at an average price of $19.47 per share, with a total value of $1,657,773.15. Following the transaction, the insider now owns 9,389,805 shares of the company's stock, valued at approximately $182,819,503.35. This trade represents a 0.92% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders acquired 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on VSCO shares. 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 for the company in a research report on Thursday, March 6th. Bank of America reduced their price target on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a research report on Thursday, January 30th. Morgan Stanley lowered their price target on Victoria's Secret & Co. from $23.00 to $19.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Wells Fargo & Company reaffirmed an "underweight" rating and set a $15.00 price objective (up previously from $12.00) on shares of Victoria's Secret & Co. in a research report on Wednesday. Finally, Cowen reaffirmed a "hold" rating on shares of Victoria's Secret & Co. in a report 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $27.09.

Victoria's Secret & Co. Price Performance

Shares of Victoria's Secret & Co. stock traded up $0.26 on Thursday, hitting $23.04. 867,762 shares of the company traded hands, compared to its average volume of 2,944,399. The firm's 50-day simple moving average is $18.64 and its 200 day simple moving average is $30.16. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The company has a market cap of $1.81 billion, a P/E ratio of 11.92, a P/E/G 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.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted 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 return on equity of 44.74% and a net margin of 2.47%. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share 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.