42,255 Shares in Victoria’s Secret & Co. (NYSE:VSCO) Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd acquired a new position in Victoria’s Secret & Co. (NYSE:VSCO) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 42,255 shares of the company’s stock, valued at approximately $1,751,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC acquired a new position in Victoria’s Secret & Co. during the third quarter valued at approximately $27,000. Smartleaf Asset Management LLC grew its holdings in Victoria’s Secret & Co. by 326.6% during 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 last quarter. GAMMA Investing LLC grew its holdings 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 valued at $144,000 after purchasing an additional 326 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Victoria’s Secret & Co. during the fourth quarter valued at approximately $206,000. Finally, Commonwealth Equity Services LLC acquired a new position in Victoria’s Secret & Co. during the fourth quarter valued at approximately $218,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Insiders Place Their Bets

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the completion of the purchase, the insider now owns 9,255,347 shares in the company, valued at $155,304,722.66. This represents a 0.88 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group reduced their price objective on Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a research report on Monday, March 10th. TD Cowen increased their price objective on 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. Morgan Stanley reduced 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 research report on Friday, March 7th. Barclays reduced their price objective on 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. Finally, BMO Capital Markets reduced 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Victoria’s Secret & Co. has a consensus rating of “Hold” and an average target price of $31.73.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $21.68 on Thursday. 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 stock has a fifty day moving average price of $30.24 and a two-hundred day moving average price of $32.20. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The firm has a market capitalization of $1.70 billion, a P/E ratio of 11.23, a P/E/G ratio of 1.15 and a beta of 2.16.

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 return on equity of 44.74% and a net margin of 2.47%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. As a group, analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Victoria’s Secret & Co. Company 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.