Symmetry Investments LP Invests $1.98 Million in Victoria's Secret & Co. (NYSE:VSCO)

Symmetry Investments LP bought a new stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 47,700 shares of the company's stock, valued at approximately $1,976,000. Symmetry Investments LP owned approximately 0.06% of Victoria's Secret & Co. as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in shares of Victoria's Secret & Co. by 326.6% in 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 boosted its stake 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 acquiring an additional 800 shares during the last quarter. Pinpoint Asset Management Ltd acquired a new position in Victoria's Secret & Co. during the 4th quarter worth $123,000. GAMMA Investing LLC increased its position in shares of Victoria's Secret & Co. by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock worth $144,000 after purchasing an additional 326 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Victoria's Secret & Co. in the 4th quarter valued at about $206,000. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Price Performance

Shares of Victoria's Secret & Co. stock traded down $0.05 on Monday, hitting $18.49. The company had a trading volume of 989,437 shares, compared to its average volume of 2,942,159. Victoria's Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The company has a market cap of $1.45 billion, a PE ratio of 9.58, a PEG ratio of 1.15 and a beta of 2.26. The business has a 50-day simple moving average of $20.15 and a 200-day simple moving average of $30.91.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly 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 analysts' expectations of $2.10 billion. Research analysts expect that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley lowered their price objective on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Telsey Advisory Group lowered their price target on 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. JPMorgan Chase & Co. reduced their price objective on Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday, March 7th. Finally, 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 report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Victoria's Secret & Co. currently has a consensus rating of "Hold" and a consensus target price of $29.73.

Insider Activity

In related news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the acquisition, the insider now directly owns 9,255,347 shares of the company's stock, valued at $155,304,722.66. The trade was a 0.88 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last quarter, insiders acquired 1,503,973 shares of company stock worth $26,617,312. Corporate insiders own 1.10% of the company's stock.

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.