Point72 Asset Management L.P. Makes New Investment in Victoria's Secret & Co. (NYSE:VSCO)

Point72 Asset Management L.P. bought a new position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 602,132 shares of the company's stock, valued at approximately $24,940,000. Point72 Asset Management L.P. owned about 0.77% of Victoria's Secret & Co. at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Picton Mahoney Asset Management grew its stake in 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 purchasing an additional 477 shares during the period. Summit Investment Advisors Inc. grew its holdings in 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 valued at $340,000 after buying an additional 522 shares in the last quarter. Mariner LLC boosted its holdings in shares of Victoria's Secret & Co. by 3.0% in the 4th quarter. Mariner LLC now owns 19,307 shares of the company's stock worth $800,000 after purchasing an additional 569 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of 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 worth $104,000 after acquiring an additional 800 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Victoria's Secret & Co. by 1.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,152 shares of the company's stock valued at $2,533,000 after purchasing an additional 1,018 shares in the last quarter. Institutional investors own 90.29% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on VSCO shares. UBS Group reduced their target price on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Morgan Stanley cut 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 report on Tuesday, May 6th. Wells Fargo & Company restated an "underweight" rating and set a $15.00 price target (up from $12.00) on shares of Victoria's Secret & Co. in a research report on Wednesday, May 14th. Barclays cut their price target on Victoria's Secret & Co. from $38.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. raised their price target on Victoria's Secret & Co. from $17.00 to $22.00 and gave the stock a "neutral" rating in a report on Monday. Three 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $27.55.

Insiders Place Their Bets

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 212,500 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average price of $16.15 per share, with a total value of $3,431,875.00. Following the completion of the purchase, the insider now owns 10,310,631 shares of the company's stock, valued at approximately $166,516,690.65. The trade was a 2.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have acquired a total of 1,503,973 shares of company stock worth $26,617,312 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Victoria's Secret & Co. Stock Up 3.3%

VSCO stock traded up $0.76 during midday trading on Tuesday, hitting $23.55. The company's stock had a trading volume of 2,441,639 shares, compared to its average volume of 2,945,013. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The company's fifty day moving average price is $19.03 and its 200 day moving average price is $30.03. The stock has a market capitalization of $1.85 billion, a P/E ratio of 12.20, 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 data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates 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, equities research analysts predict that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Victoria's Secret & Co. 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.