Stock Traders Purchase High Volume of Victoria’s Secret & Co. Put Options (NYSE:VSCO)

Victoria’s Secret & Co. (NYSE:VSCO) saw some unusual options trading on Wednesday. Traders acquired 10,992 put options on the stock. This is an increase of approximately 65% compared to the average volume of 6,666 put options.

Victoria’s Secret & Co. Trading Up 4.4 %

NYSE VSCO opened at $18.06 on Thursday. The company has a market cap of $1.42 billion, a P/E ratio of 9.36, a P/E/G ratio of 1.15 and a beta of 2.26. Victoria’s Secret & Co. has a 12 month low of $13.76 and a 12 month 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. The company has a 50-day moving average of $20.69 and a 200-day moving average of $30.91.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS 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 business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. As a group, equities analysts predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on VSCO. Cowen restated a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. Wells Fargo & Company cut their price target on Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Telsey Advisory Group decreased their price objective 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. JPMorgan Chase & Co. cut their target price on shares of Victoria’s Secret & Co. from $35.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Finally, UBS Group decreased 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 note on Thursday, February 27th. Two 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. Based on data from MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Hold” and a consensus target price of $29.73.

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

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 212,500 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was bought at an average price of $16.15 per share, for a total transaction of $3,431,875.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have bought 1,503,973 shares of company stock valued at $26,617,312. Insiders own 1.10% of the company’s stock.

Institutional Trading of Victoria’s Secret & Co.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Victoria’s Secret & Co. by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company’s stock valued at $369,793,000 after buying an additional 58,981 shares in the last quarter. FMR LLC lifted its holdings in shares of Victoria’s Secret & Co. by 44.7% during the 4th quarter. FMR LLC now owns 3,988,122 shares of the company’s stock valued at $165,188,000 after acquiring an additional 1,231,090 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Victoria’s Secret & Co. by 7.1% during the 4th 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 period. Fuller & Thaler Asset Management Inc. boosted its position in Victoria’s Secret & Co. by 8.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,035,460 shares of the company’s stock worth $84,309,000 after purchasing an additional 156,979 shares during the period. Finally, Marshall Wace LLP increased its holdings in Victoria’s Secret & Co. by 481.5% in the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock valued at $81,049,000 after purchasing an additional 1,620,256 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

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.