Dynamic Technology Lab Private Ltd Buys New Shares in Victoria’s Secret & Co. (NYSE:VSCO)

Dynamic Technology Lab Private Ltd purchased a new stake in Victoria’s Secret & Co. (NYSE:VSCO) during the 4th quarter, Holdings Channel.com reports. The fund purchased 9,160 shares of the company’s stock, valued at approximately $379,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in shares of Victoria’s Secret & Co. by 1.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock worth $1,079,000 after purchasing an additional 412 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth about $412,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth about $768,000. Geode Capital Management LLC grew its holdings in shares of Victoria’s Secret & Co. by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock worth $46,121,000 after purchasing an additional 24,967 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of Victoria’s Secret & Co. by 3.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 51,139 shares of the company’s stock worth $1,314,000 after purchasing an additional 1,617 shares during the last quarter. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $19.89 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The company has a market cap of $1.56 billion, a PE ratio of 10.30, a PEG ratio of 1.15 and a beta of 2.26. The company’s 50-day moving average is $24.00 and its two-hundred day moving average is $31.56.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Equities analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Analysts Set New Price Targets

VSCO has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Telsey Advisory Group decreased 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 report on Thursday, March 6th. Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a report on Friday, March 7th. Bank of America decreased 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 report on Thursday, January 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Two equities 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 MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and a consensus price target of $31.73.

Insider Activity at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the transaction, the insider now directly owns 9,255,347 shares of the company’s stock, valued at approximately $155,304,722.66. The trade was a 0.88 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders have bought 1,503,973 shares of company stock worth $26,617,312 in the last ninety days. Company 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.