910,008 Shares in Victoria's Secret & Co. (NYSE:VSCO) Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd purchased a new position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 910,008 shares of the company's stock, valued at approximately $37,693,000. Victoria's Secret & Co. comprises approximately 2.3% of Point72 Hong Kong Ltd's portfolio, making the stock its 6th largest holding. Point72 Hong Kong Ltd owned about 1.16% of Victoria's Secret & Co. at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. CoreCap Advisors LLC raised its position in Victoria's Secret & Co. by 1,898.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after purchasing an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Victoria's Secret & Co. by 326.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after purchasing an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board raised its position 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 purchasing an additional 800 shares in the last quarter. Pinpoint Asset Management Ltd bought a new stake in Victoria's Secret & Co. during the 4th quarter valued at $123,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Victoria's Secret & Co. during the 4th quarter valued at $204,000. 90.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VSCO shares. UBS Group decreased their target price on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. BMO Capital Markets dropped their price objective on 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. Telsey Advisory Group reduced 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 report on Thursday, March 6th. 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 report on Tuesday, April 22nd. Finally, Barclays cut their price objective 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. Three investment 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. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $27.09.

Insiders Place Their Bets

In related news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the completion of the transaction, the insider now directly owns 9,255,347 shares of the company's stock, valued at approximately $155,304,722.66. This trade represents a 0.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders bought 1,503,973 shares of company stock valued at $26,617,312. 1.10% of the stock is owned by company insiders.

Victoria's Secret & Co. Stock Performance

Shares of Victoria's Secret & Co. stock traded up $0.36 during midday trading on Friday, hitting $23.56. The company had a trading volume of 2,169,978 shares, compared to its average volume of 2,945,352. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 12.21, a PEG 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 quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The company has a fifty day simple moving average of $18.91 and a 200 day simple moving average of $30.09.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.10 billion. As a group, analysts predict that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal 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.