Victoria’s Secret & Co. (NYSE:VSCO) Director Purchases $21,430.00 in Stock

Victoria’s Secret & Co. (NYSE:VSCO) Director Donna James acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average price of $21.43 per share, for a total transaction of $21,430.00. Following the acquisition, the director now directly owns 48,183 shares in the company, valued at approximately $1,032,561.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Victoria’s Secret & Co. Stock Up 5.9 %

Shares of NYSE VSCO opened at $23.52 on Monday. The business has a 50-day moving average of $20.66 and a two-hundred day moving average of $19.79. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 18.09 and a beta of 2.13. Victoria’s Secret & Co. has a 1 year low of $13.62 and a 1 year high of $30.80. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.28.

Institutional Investors Weigh In On Victoria’s Secret & Co.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in shares of Victoria’s Secret & Co. in the 2nd quarter valued at $863,000. Quarry LP lifted its position in Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after acquiring an additional 1,764 shares during the last quarter. Algert Global LLC boosted its stake in Victoria’s Secret & Co. by 107.6% in the second quarter. Algert Global LLC now owns 97,321 shares of the company’s stock valued at $1,720,000 after acquiring an additional 50,451 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Victoria’s Secret & Co. by 234.9% during the second quarter. The Manufacturers Life Insurance Company now owns 41,577 shares of the company’s stock worth $735,000 after purchasing an additional 29,161 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Victoria’s Secret & Co. during the second quarter worth about $589,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Bank of America boosted their price target on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research note on Friday, August 30th. BMO Capital Markets upped their target price on shares of Victoria’s Secret & Co. from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Wells Fargo & Company increased their target price on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. TD Cowen boosted their price target on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Finally, The Goldman Sachs Group upped their price objective on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, August 30th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Victoria’s Secret & Co. has an average rating of “Hold” and a consensus price target of $23.40.

Victoria’s Secret & Co. Company Profile

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.