Victoria's Secret & Co. (NYSE:VSCO) Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 14,672.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,829 shares of the company's stock after acquiring an additional 33,600 shares during the period. Sterling Capital Management LLC's holdings in Victoria's Secret & Co. were worth $1,401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position 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 valued at $144,000 after purchasing an additional 326 shares during the period. Picton Mahoney Asset Management lifted its position 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 buying an additional 477 shares during the last quarter. New York State Common Retirement Fund lifted its position in Victoria's Secret & Co. by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 26,478 shares of the company's stock worth $1,097,000 after buying an additional 1,117 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Victoria's Secret & Co. by 7.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 18,187 shares of the company's stock worth $753,000 after buying an additional 1,198 shares during the period. Finally, Swiss National Bank raised its stake in shares of Victoria's Secret & Co. by 0.9% in the fourth quarter. Swiss National Bank now owns 139,000 shares of the company's stock valued at $5,757,000 after acquiring an additional 1,300 shares during the period. Hedge funds and other institutional investors own 90.29% of the company's stock.

Insider Buying and Selling

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the purchase, the insider now directly owns 9,255,347 shares in the company, valued at $155,304,722.66. This represents a 0.88 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 1,503,973 shares of company stock worth $26,617,312 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Victoria's Secret & Co. Stock Up 2.5 %

Victoria's Secret & Co. stock traded up $0.39 during mid-day trading on Friday, reaching $16.01. 2,550,245 shares of the company were exchanged, compared to its average volume of 2,923,822. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The firm has a market cap of $1.26 billion, a P/E ratio of 8.30, a PEG ratio of 1.15 and a beta of 2.26. The business has a fifty day moving average of $21.61 and a 200 day moving average of $31.15. 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 issued its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating analysts' consensus estimates of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Research analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VSCO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Telsey Advisory Group dropped their target price on 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. Wells Fargo & Company reduced their price target on Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. Barclays decreased their price target on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Finally, The Goldman Sachs Group cut their price objective on Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating on the stock in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $30.09.

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.