Brant Point Investment Management LLC Has $6.42 Million Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

Brant Point Investment Management LLC cut its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 155,000 shares of the company’s stock after selling 3,055 shares during the period. Victoria’s Secret & Co. makes up 0.8% of Brant Point Investment Management LLC’s holdings, making the stock its 19th largest holding. Brant Point Investment Management LLC’s holdings in Victoria’s Secret & Co. were worth $6,420,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake 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 during the period. Vanguard Group Inc. raised its stake in Victoria’s Secret & Co. by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company’s stock valued at $369,793,000 after purchasing an additional 58,981 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Victoria’s Secret & Co. during the fourth quarter worth about $7,373,000. Wakefield Asset Management LLLP acquired a new stake in Victoria’s Secret & Co. during the fourth quarter worth about $991,000. Finally, KLP Kapitalforvaltning AS bought a new position in Victoria’s Secret & Co. in the 4th quarter valued at about $617,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. UBS Group reduced their price target on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. BMO Capital Markets lowered their price target on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. JPMorgan Chase & Co. reduced their price objective on Victoria’s Secret & Co. from $35.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday. Telsey Advisory Group lowered their target price on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating for the company in a research note on Thursday, March 6th. Finally, Morgan Stanley reduced their price target 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Victoria’s Secret & Co. has an average rating of “Hold” and a consensus price target of $30.09.

Insiders Place Their Bets

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 212,500 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was purchased at an average cost of $16.15 per share, for a total transaction of $3,431,875.00. Following the acquisition, the insider now owns 10,310,631 shares in the company, valued at approximately $166,516,690.65. The trade was a 2.10 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders bought 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is currently owned by insiders.

Victoria’s Secret & Co. Price Performance

VSCO stock opened at $16.01 on Friday. The company has a market capitalization of $1.26 billion, a P/E ratio of 8.30, a PEG ratio of 1.15 and a beta of 2.26. The company has a fifty day moving average price of $21.94 and a 200-day moving average price of $31.12. 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 52-week low of $13.76 and a 52-week high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 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 firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. As a group, equities analysts expect 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.