Dimensional Fund Advisors LP Raises Stock Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

Dimensional Fund Advisors LP lifted its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) by 26.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 560,985 shares of the company’s stock after acquiring an additional 118,327 shares during the quarter. Dimensional Fund Advisors LP owned 0.69% of Victoria’s Secret & Co. worth $16,337,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VSCO. Point72 Asset Management L.P. increased its position in shares of Victoria’s Secret & Co. by 8,783.7% during the second quarter. Point72 Asset Management L.P. now owns 1,080,971 shares of the company’s stock valued at $30,235,000 after acquiring an additional 1,068,803 shares during the last quarter. UBS Group AG grew its holdings in Victoria’s Secret & Co. by 58.5% during the second quarter. UBS Group AG now owns 1,731,377 shares of the company’s stock valued at $48,427,000 after purchasing an additional 638,771 shares during the period. Bank of Nova Scotia bought a new position in Victoria’s Secret & Co. during the second quarter valued at $10,852,000. Greenlight Capital Inc. grew its holdings in Victoria’s Secret & Co. by 70.3% during the second quarter. Greenlight Capital Inc. now owns 742,481 shares of the company’s stock valued at $20,767,000 after purchasing an additional 306,400 shares during the period. Finally, First Trust Advisors LP bought a new position in Victoria’s Secret & Co. during the first quarter valued at $13,616,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

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

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 116,750 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $46.09, for a total transaction of $5,381,007.50. Following the sale, the insider now owns 8,002,054 shares in the company, valued at $368,814,668.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.95% of the company’s stock.

Victoria’s Secret & Co. Price Performance

NYSE:VSCO opened at $34.71 on Wednesday. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 0.84 and a beta of 2.19. Victoria’s Secret & Co. has a 52-week low of $26.14 and a 52-week high of $56.23. The stock has a fifty day moving average of $38.97 and a 200 day moving average of $38.24. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.35 and a current ratio of 1.28.

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) last posted its quarterly earnings data on Friday, March 3rd. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.14. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. Victoria’s Secret & Co. had a return on equity of 161.81% and a net margin of 5.49%. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the company earned $2.70 earnings per share. On average, research analysts expect that Victoria’s Secret & Co. will post 5.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VSCO. Barclays reduced their price objective on Victoria’s Secret & Co. from $51.00 to $38.00 in a report on Tuesday. Telsey Advisory Group reissued a “market perform” rating and set a $45.00 price objective on shares of Victoria’s Secret & Co. in a report on Friday, March 3rd. Morgan Stanley increased their price objective on Victoria’s Secret & Co. from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, February 2nd. Cowen raised their price target on Victoria’s Secret & Co. from $35.00 to $45.00 in a report on Friday, December 2nd. Finally, UBS Group lowered Victoria’s Secret & Co. from a “neutral” rating to a “sell” rating in a report on Thursday, January 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $49.09.

Victoria’s Secret & Co. Profile

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Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.