LPL Financial LLC Acquires New Stake in Victoria’s Secret & Co. (NYSE:VSCO)

LPL Financial LLC acquired a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,479 shares of the company’s stock, valued at approximately $268,000.

A number of other large investors have also made changes to their positions in VSCO. GAMMA Investing LLC increased 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 worth $144,000 after purchasing an additional 326 shares during the last quarter. Picton Mahoney Asset Management grew its stake in Victoria’s Secret & Co. by 6.5% during 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 period. New York State Common Retirement Fund grew its stake in Victoria’s Secret & Co. by 4.4% during 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 period. Swiss National Bank boosted 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 purchasing an additional 1,300 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake 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 valued at $92,000 after purchasing an additional 1,682 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder International Pte Ltd Bbrc purchased 584,000 shares of the company’s stock in a transaction on Friday, March 28th. The shares were bought at an average cost of $18.48 per share, for a total transaction of $10,792,320.00. Following the transaction, the insider now owns 10,098,131 shares of the company’s stock, valued at $186,613,460.88. This represents a 6.14 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders have bought a total of 1,503,973 shares of company stock valued at $26,617,312 in the last quarter. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

VSCO has been the subject of several analyst reports. Barclays decreased their target price on shares of 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. Morgan Stanley reduced their price objective on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Bank of America reduced 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 research note on Thursday, January 30th. Telsey Advisory Group reduced their price objective on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a research note on Thursday, March 6th. Finally, BMO Capital Markets reduced their price objective on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $29.73.

Victoria’s Secret & Co. Stock Up 2.4 %

VSCO stock opened at $18.99 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73. The firm’s 50-day simple moving average is $19.93 and its 200 day simple moving average is $30.86. The stock has a market cap of $1.49 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. As a group, sell-side analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

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.