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

Victoria’s Secret & Co. (NYSE:VSCO) saw some unusual options trading on Friday. Traders acquired 10,085 call options on the stock. This is an increase of approximately 47% compared to the average volume of 6,839 call options.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $18.53 on Friday. The firm has a market capitalization of $1.46 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. Victoria’s Secret & Co. has a one year low of $13.76 and a one year high of $48.73. The stock’s 50 day moving average price is $20.15 and its 200 day moving average price is $30.83. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. As a group, sell-side analysts expect that Victoria’s Secret & Co. will post 2.37 EPS 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 212,500 shares of Victoria’s Secret & Co. stock in a transaction on Thursday, April 3rd. The shares were bought at an average price of $16.15 per share, with a total value of $3,431,875.00. Following the completion of the acquisition, the insider now directly owns 10,310,631 shares of the company’s stock, valued at approximately $166,516,690.65. This trade represents a 2.10 % increase in their ownership of the stock. The transaction was disclosed in a filing 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.

Several large investors have recently modified their holdings of VSCO. Marshall Wace LLP lifted its stake in shares of Victoria’s Secret & Co. by 481.5% in the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock worth $81,049,000 after acquiring an additional 1,620,256 shares in the last quarter. FMR LLC raised its position in shares of Victoria’s Secret & Co. by 44.7% in the 4th quarter. FMR LLC now owns 3,988,122 shares of the company’s stock valued at $165,188,000 after purchasing an additional 1,231,090 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at approximately $37,693,000. SRS Investment Management LLC purchased a new position in shares of Victoria’s Secret & Co. during the 4th quarter valued at approximately $37,011,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth approximately $24,940,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. UBS Group cut their price objective on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group reduced their price objective on shares of Victoria’s Secret & Co. from $19.00 to $15.00 and set a “sell” rating on the stock in a research note on Tuesday. Telsey Advisory Group lowered 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 note on Thursday, March 6th. Finally, Morgan Stanley cut their price target on Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Two 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $29.73.

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.