International Pte Ltd Bbrc Acquires 212,500 Shares of Victoria’s Secret & Co. (NYSE:VSCO) Stock

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc purchased 212,500 shares of the company’s stock in a transaction on Thursday, April 3rd. The stock was purchased at an average price of $16.15 per share, with a total value of $3,431,875.00. Following the completion of the transaction, the insider now owns 10,310,631 shares of the company’s stock, valued at approximately $166,516,690.65. This trade represents a 2.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

International Pte Ltd Bbrc also recently made the following trade(s):

• On Friday, March 28th, International Pte Ltd Bbrc bought 584,000 shares of Victoria’s Secret & Co. stock. The shares were purchased at an average price of $18.48 per share, for a total transaction of $10,792,320.00.
• On Wednesday, March 26th, International Pte Ltd Bbrc purchased 85,145 shares of Victoria’s Secret & Co. stock. The stock was acquired at an average price of $19.47 per share, with a total value of $1,657,773.15.
• On Wednesday, March 12th, International Pte Ltd Bbrc acquired 80,328 shares of Victoria’s Secret & Co. stock. The stock was acquired at an average price of $16.78 per share, for a total transaction of $1,347,903.84.
• On Monday, March 10th, International Pte Ltd Bbrc bought 542,000 shares of Victoria’s Secret & Co. stock. The shares were acquired at an average price of $17.32 per share, with a total value of $9,387,440.00.

Victoria’s Secret & Co. Trading Up 13.2 %

Shares of VSCO stock opened at $16.83 on Monday. The company has a market cap of $1.32 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. Victoria’s Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The stock’s 50 day simple moving average is $25.88 and its two-hundred day simple moving average is $31.91. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates 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 predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Institutional Investors Weigh In On Victoria’s Secret & Co.

Institutional investors have recently made changes to their positions in the company. Virtus Fund Advisers LLC purchased a new stake in Victoria’s Secret & Co. in the 3rd quarter worth about $27,000. CoreCap Advisors LLC grew its stake in shares of Victoria’s Secret & Co. by 1,898.1% during the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after buying an additional 1,955 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Victoria’s Secret & Co. by 326.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after buying an additional 1,682 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Victoria’s Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock worth $104,000 after buying an additional 800 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth approximately $112,000. Institutional investors own 90.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on VSCO. Cowen restated a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Friday, March 7th. Morgan Stanley dropped their target price on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Bank of America decreased their price target on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research note on Thursday, January 30th. BMO Capital Markets cut their price objective on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Finally, Barclays decreased their target price on Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. 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. Based on data from MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and a consensus price target of $31.73.

About Victoria’s Secret & Co.

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.