SG Americas Securities LLC Takes Position in Victoria’s Secret & Co. (NYSE:VSCO)

SG Americas Securities LLC purchased a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 39,326 shares of the company’s stock, valued at approximately $731,000. SG Americas Securities LLC owned about 0.05% of Victoria’s Secret & Co. at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Picton Mahoney Asset Management grew its position in shares of Victoria’s Secret & Co. by 6.5% during the fourth quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company’s stock worth $322,000 after acquiring an additional 477 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in Victoria’s Secret & Co. by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company’s stock valued at $340,000 after acquiring an additional 522 shares during the period. Mariner LLC lifted its holdings in Victoria’s Secret & Co. by 3.0% in the fourth quarter. Mariner LLC now owns 19,307 shares of the company’s stock valued at $800,000 after acquiring an additional 569 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Victoria’s Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after acquiring an additional 800 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Victoria’s Secret & Co. by 1.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,152 shares of the company’s stock worth $2,533,000 after buying an additional 1,018 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

VSCO opened at $18.86 on Friday. Victoria’s Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 1.01 and a beta of 2.26. The business has a 50 day moving average of $19.95 and a 200-day moving average of $27.53. The company has a quick ratio of 0.33, a current ratio of 1.16 and a debt-to-equity ratio of 1.60.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Victoria’s Secret & Co. had a return on equity of 37.76% and a net margin of 2.69%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the company posted $0.12 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on VSCO. Jefferies Financial Group cut their target price on shares of Victoria’s Secret & Co. from $42.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, May 21st. BMO Capital Markets cut their target price on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Barclays reissued an “overweight” rating and issued a $23.00 target price (up previously from $22.00) on shares of Victoria’s Secret & Co. in a research note on Thursday, June 12th. Morgan Stanley reissued a “positive” rating on shares of Victoria’s Secret & Co. in a research note on Thursday, June 12th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $15.00 target price on shares of Victoria’s Secret & Co. in a research note on Wednesday, June 4th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.64.

Insiders Place Their Bets

In other news, major shareholder International Pte Ltd Bbrc purchased 85,145 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The shares were purchased at an average price of $19.47 per share, with a total value of $1,657,773.15. Following the completion of the acquisition, the insider now owns 9,389,805 shares in the company, valued at $182,819,503.35. This trade represents a 0.92% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders purchased 881,645 shares of company stock valued at $15,881,968. Corporate insiders own 0.45% of the company’s stock.

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.