Russell Investments Group Ltd. Grows Stock Position in Victoria’s Secret & Co. (NYSE:VSCO)

Russell Investments Group Ltd. boosted its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 5.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 159,078 shares of the company’s stock after acquiring an additional 8,077 shares during the period. Russell Investments Group Ltd.’s holdings in Victoria’s Secret & Co. were worth $6,589,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Victoria’s Secret & Co. by 84.9% in the fourth quarter. JPMorgan Chase & Co. now owns 581,847 shares of the company’s stock valued at $24,100,000 after purchasing an additional 267,080 shares during the last quarter. Castellan Group purchased a new stake in Victoria’s Secret & Co. in the 3rd quarter valued at approximately $6,218,000. Raymond James Financial Inc. acquired a new stake in Victoria’s Secret & Co. during the 4th quarter valued at $7,373,000. Arrowstreet Capital Limited Partnership increased its position in Victoria’s Secret & Co. by 7.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company’s stock worth $85,168,000 after buying an additional 137,074 shares in the last quarter. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth $5,437,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on VSCO shares. Bank of America decreased their price objective on 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 shares of 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. Cowen restated a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. Morgan Stanley cut their price target 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. Finally, UBS Group decreased their price objective on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and a consensus price target of $31.73.

Victoria’s Secret & Co. Stock Down 3.1 %

Shares of NYSE:VSCO opened at $17.05 on Monday. The stock has a 50-day simple moving average of $23.32 and a 200-day simple moving average of $31.47. The stock has a market capitalization of $1.34 billion, a P/E ratio of 8.83, a PEG 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 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. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.30. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Equities analysts forecast that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Insider Activity at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price 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 in the company, valued at $155,304,722.66. The trade was a 0.88 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders purchased 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.