Alliancebernstein L.P. Increases Stock Position in Victoria’s Secret & Co. (NYSE:VSCO)

Alliancebernstein L.P. lifted its position in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,812 shares of the company’s stock after purchasing an additional 1,461 shares during the period. Alliancebernstein L.P. owned 0.13% of Victoria’s Secret & Co. worth $4,258,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VSCO. JPMorgan Chase & Co. lifted its position in shares of Victoria’s Secret & Co. by 84.9% during the 4th quarter. JPMorgan Chase & Co. now owns 581,847 shares of the company’s stock worth $24,100,000 after buying an additional 267,080 shares in the last quarter. Castellan Group purchased a new stake in shares of Victoria’s Secret & Co. during the third quarter valued at approximately $6,218,000. Raymond James Financial Inc. bought a new stake in Victoria’s Secret & Co. during the fourth quarter worth $7,373,000. Arrowstreet Capital Limited Partnership boosted its position in Victoria’s Secret & Co. by 7.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company’s stock worth $85,168,000 after purchasing an additional 137,074 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Victoria’s Secret & Co. by 31,597.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 91,290 shares of the company’s stock valued at $3,690,000 after purchasing an additional 91,002 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Stock Down 3.1 %

Shares of NYSE VSCO opened at $17.05 on Monday. Victoria’s Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The business has a 50-day simple moving average of $23.32 and a two-hundred day simple moving average of $31.47. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The company has a market cap of $1.34 billion, a P/E ratio of 8.83, a P/E/G ratio of 1.15 and a beta of 2.26.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.30. The firm 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%. Research analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

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

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 542,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $17.32 per share, for a total transaction of $9,387,440.00. Following the transaction, the insider now owns 8,695,019 shares in the company, valued at $150,597,729.08. The trade was a 6.65 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders bought a total of 1,503,973 shares of company stock valued at $26,617,312 in the last three months. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on VSCO shares. BMO Capital Markets lowered their target price on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. UBS Group lowered their price objective 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. Telsey Advisory Group reduced their target price on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating for the company in a research report on Thursday, March 6th. The Goldman Sachs Group lowered their price target on shares of Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating on the stock in a report on Monday, March 10th. Finally, 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 report on Friday, March 7th. Two equities 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.73.

About Victoria’s Secret & Co.

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.