Quantedge Capital Pte Ltd Grows Stock Position in Victoria's Secret & Co. (NYSE:VSCO)

Quantedge Capital Pte Ltd increased its stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 1,088.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 199,600 shares of the company's stock after acquiring an additional 182,800 shares during the quarter. Victoria's Secret & Co. comprises 3.0% of Quantedge Capital Pte Ltd's holdings, making the stock its 5th largest holding. Quantedge Capital Pte Ltd owned about 0.25% of Victoria's Secret & Co. worth $8,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in Victoria's Secret & Co. by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company's stock worth $67,562,000 after purchasing an additional 22,684 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Victoria's Secret & Co. by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock valued at $369,793,000 after acquiring an additional 58,981 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Victoria's Secret & Co. during the fourth quarter valued at approximately $7,373,000. Northern Trust Corp increased its holdings in shares of Victoria's Secret & Co. by 10.2% during the fourth quarter. Northern Trust Corp now owns 896,274 shares of the company's stock valued at $37,124,000 after acquiring an additional 82,729 shares in the last quarter. Finally, Wakefield Asset Management LLLP bought a new stake in shares of Victoria's Secret & Co. during the fourth quarter valued at approximately $991,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc purchased 542,000 shares of the company's stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $17.32 per share, with a total value of $9,387,440.00. Following the transaction, the insider now directly owns 8,695,019 shares of the company's stock, valued at approximately $150,597,729.08. This 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 accessible through the SEC website. Insiders have bought 1,503,973 shares of company stock valued at $26,617,312 in the last 90 days. Insiders own 1.10% of the company's stock.

Victoria's Secret & Co. Stock Performance

VSCO stock traded up $0.36 during midday trading 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 stock's 50-day moving average price is $18.91 and its 200 day moving average price is $30.09. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. Victoria's Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. 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. (NYSE:VSCO - Get Free Report) last posted 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. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.10 billion. On average, equities analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. UBS Group decreased their price objective on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. BMO Capital Markets decreased their price target on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Barclays decreased their price target on Victoria's Secret & Co. from $38.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Finally, Wells Fargo & Company reiterated an "underweight" rating and set a $15.00 price target (up previously from $12.00) on shares of Victoria's Secret & Co. in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $27.09.

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.