MetLife Investment Management LLC Grows Position in Victoria’s Secret & Co. (NYSE:VSCO)

MetLife Investment Management LLC grew its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,582 shares of the company’s stock after buying an additional 1,930 shares during the quarter. MetLife Investment Management LLC owned 0.06% of Victoria’s Secret & Co. worth $1,971,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VSCO. Castellan Group purchased a new stake in Victoria’s Secret & Co. during the third quarter worth approximately $6,218,000. GAMMA Investing LLC grew its stake in Victoria’s Secret & Co. by 10.3% during 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. Oliver Luxxe Assets LLC purchased a new stake in Victoria’s Secret & Co. during the fourth quarter worth approximately $1,963,000. Wedmont Private Capital purchased a new stake in Victoria’s Secret & Co. during the fourth quarter worth approximately $263,000. Finally, Profit Investment Management LLC grew its stake in Victoria’s Secret & Co. by 6.9% during the fourth quarter. Profit Investment Management LLC now owns 63,357 shares of the company’s stock worth $2,624,000 after buying an additional 4,083 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Stock Up 2.4 %

Shares of NYSE:VSCO opened at $18.99 on Tuesday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. Victoria’s Secret & Co. has a 1-year low of $13.76 and a 1-year high of $48.73. The company’s fifty day moving average is $19.93 and its two-hundred day moving average is $30.86. 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 issued its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Equities analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder International Pte Ltd Bbrc acquired 542,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of $17.32 per share, with a total value of $9,387,440.00. Following the acquisition, the insider now directly owns 8,695,019 shares in the company, valued at approximately $150,597,729.08. The trade was a 6.65 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have acquired 1,503,973 shares of company stock valued at $26,617,312. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

VSCO has been the subject of several research reports. Wells Fargo & Company decreased their price objective 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. BMO Capital Markets decreased 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 decreased their target price on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Bank of America decreased their target price on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group decreased their target price on shares of Victoria’s Secret & Co. from $19.00 to $15.00 and set a “sell” rating for the company in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.