Cibc World Markets Corp Makes New $304,000 Investment in Victoria’s Secret & Co. (NYSE:VSCO)

Cibc World Markets Corp acquired a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,344 shares of the company’s stock, valued at approximately $304,000.

Several other large investors have also recently modified their holdings of the stock. Virtus Fund Advisers LLC bought a new position in Victoria’s Secret & Co. during the 3rd quarter worth approximately $27,000. Smartleaf Asset Management LLC grew its holdings in shares of Victoria’s Secret & Co. by 326.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after purchasing an additional 1,682 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Victoria’s Secret & Co. by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after buying an additional 326 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Victoria’s Secret & Co. during the 4th quarter valued at $206,000. Finally, Amundi boosted its position in Victoria’s Secret & Co. by 61.0% during the 4th quarter. Amundi now owns 5,549 shares of the company’s stock valued at $214,000 after buying an additional 2,103 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. UBS Group decreased 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. Morgan Stanley lowered 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 research report on Friday, March 7th. BMO Capital Markets cut their price objective on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. decreased their target price on Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Finally, Bank of America cut their price target on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.73.

Insider Activity at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $16.78 per share, with a total value of $1,347,903.84. Following the completion of the acquisition, the insider now directly owns 9,255,347 shares of the company’s stock, valued at approximately $155,304,722.66. The trade was a 0.88 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO opened at $21.38 on Tuesday. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 1.15 and a beta of 2.16. The business’s fifty day simple moving average is $29.29 and its two-hundred day simple moving average is $32.22. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.73. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12.

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 the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Research analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

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.