K.J. Harrison & Partners Inc decreased its position in Victoria’s Secret & Co. (NYSE:VSCO – Free Report) by 40.0% during the 4th quarter, Holdings Channel reports. The fund owned 30,000 shares of the company’s stock after selling 20,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Victoria’s Secret & Co. were worth $1,625,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in Victoria’s Secret & Co. in the fourth quarter valued at approximately $135,000. Sage Rhino Capital LLC acquired a new stake in Victoria’s Secret & Co. in the fourth quarter valued at approximately $209,000. Comerica Bank raised its holdings in Victoria’s Secret & Co. by 129.3% in the fourth quarter. Comerica Bank now owns 51,224 shares of the company’s stock valued at $2,775,000 after acquiring an additional 28,889 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in Victoria’s Secret & Co. by 9.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 11,941 shares of the company’s stock valued at $647,000 after acquiring an additional 1,072 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Victoria’s Secret & Co. by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 8,748,614 shares of the company’s stock valued at $473,912,000 after acquiring an additional 263,079 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.
Victoria’s Secret & Co. Stock Up 1.6%
VSCO stock opened at $51.56 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 1.07. Victoria’s Secret & Co. has a twelve month low of $17.53 and a twelve month high of $66.89. The company’s 50 day moving average is $50.57 and its two-hundred day moving average is $49.87. The stock has a market cap of $4.10 billion, a P/E ratio of 27.72, a PEG ratio of 0.87 and a beta of 2.18.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on VSCO. Telsey Advisory Group raised their target price on shares of Victoria’s Secret & Co. from $66.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Bank of America raised shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and raised their target price for the company from $58.00 to $68.00 in a report on Wednesday, April 29th. UBS Group set a $58.00 price objective on shares of Victoria’s Secret & Co. in a report on Friday, March 6th. Wall Street Zen cut shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 5th. Finally, Weiss Ratings cut shares of Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.80.
Read Our Latest Research Report on Victoria’s Secret & Co.
Insider Buying and Selling
In other Victoria’s Secret & Co. news, Director Anne Sheehan bought 4,842 shares of the stock in a transaction dated Thursday, April 2nd. The shares were acquired at an average cost of $45.86 per share, for a total transaction of $222,054.12. Following the completion of the transaction, the director owned 34,261 shares in the company, valued at approximately $1,571,209.46. The trade was a 16.46% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donna James bought 2,175 shares of the stock in a transaction dated Thursday, April 2nd. The shares were acquired at an average price of $46.23 per share, for a total transaction of $100,550.25. Following the completion of the transaction, the director owned 63,097 shares of the company’s stock, valued at approximately $2,916,974.31. The trade was a 3.57% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.45% of the company’s stock.
Victoria’s Secret & Co. Profile
Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.
The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.
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