Northern Trust Corp Acquires 82,729 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Northern Trust Corp raised its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 896,274 shares of the company’s stock after acquiring an additional 82,729 shares during the quarter. Northern Trust Corp owned about 1.14% of Victoria’s Secret & Co. worth $37,124,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Victoria’s Secret & Co. by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company’s stock worth $67,562,000 after purchasing an additional 22,684 shares during the period. Vanguard Group Inc. raised its stake in Victoria’s Secret & Co. by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company’s stock worth $369,793,000 after buying an additional 58,981 shares during the period. Raymond James Financial Inc. acquired a new position in Victoria’s Secret & Co. in the fourth quarter valued at about $7,373,000. Wakefield Asset Management LLLP acquired a new position in Victoria’s Secret & Co. in the fourth quarter valued at about $991,000. Finally, FMR LLC raised its position in shares of Victoria’s Secret & Co. by 44.7% during the fourth quarter. FMR LLC now owns 3,988,122 shares of the company’s stock worth $165,188,000 after purchasing an additional 1,231,090 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO opened at $19.26 on Friday. The company has a market cap of $1.51 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 1.15 and a beta of 2.25. The firm has a 50-day moving average of $18.52 and a 200-day moving average of $30.29. Victoria’s Secret & Co. has a one year low of $13.76 and a one year high of $48.73. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33.

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, topping 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 the consensus estimate of $2.10 billion. As a group, equities analysts forecast that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Insider Buying and Selling at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 1,503,973 shares of company stock valued at $26,617,312 in the last quarter. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on VSCO shares. Barclays lowered their target price on 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. JPMorgan Chase & Co. cut their price objective on shares of Victoria’s Secret & Co. from $35.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Bank of America reduced their target price on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research note on Thursday, January 30th. Telsey Advisory Group dropped their price target on 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 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. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and a consensus price target of $28.18.

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.