Xponance Inc. Takes Position in Victoria’s Secret & Co. (NYSE:VSCO)

Xponance Inc. acquired a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,776 shares of the company’s stock, valued at approximately $239,000.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in Victoria’s Secret & Co. by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company’s stock worth $67,562,000 after acquiring an additional 22,684 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Victoria’s Secret & Co. during the fourth quarter worth $7,373,000. Wakefield Asset Management LLLP purchased a new position in Victoria’s Secret & Co. in the fourth quarter valued at $991,000. FengHe Fund Management Pte. Ltd. acquired a new stake in Victoria’s Secret & Co. in the fourth quarter valued at $2,435,000. Finally, Oliver Luxxe Assets LLC purchased a new stake in Victoria’s Secret & Co. during the 4th quarter worth about $1,963,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO opened at $18.32 on Friday. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.73. The company has a 50-day simple moving average of $27.94 and a 200-day simple moving average of $31.98. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 1.15 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. On average, analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VSCO shares. Morgan Stanley dropped their price objective on Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Bank of America cut their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a report on Thursday, January 30th. Wells Fargo & Company lowered their target price on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. TD Cowen increased their target price on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Barclays reduced their price target on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.73.

Insider Buying and Selling at Victoria’s Secret & Co.

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 on Wednesday, March 12th. The shares were bought at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the transaction, the insider now 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have bought 707,473 shares of company stock valued at $12,393,117. 1.10% of the stock is owned by company insiders.

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.