Northern Trust Corp Has $37.12 Million Stake in Victoria’s Secret & Co. (NYSE:VSCO)

Northern Trust Corp grew its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 10.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 896,274 shares of the company’s stock after purchasing an additional 82,729 shares during the period. Northern Trust Corp’s holdings in Victoria’s Secret & Co. were worth $37,124,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in VSCO. Smartleaf Asset Management LLC grew its stake in Victoria’s Secret & Co. by 326.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after buying an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Victoria’s Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock worth $104,000 after acquiring an additional 800 shares in the last quarter. Pinpoint Asset Management Ltd bought a new position in Victoria’s Secret & Co. in the fourth quarter valued at approximately $123,000. GAMMA Investing LLC raised its position 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 valued at $144,000 after purchasing an additional 326 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in Victoria’s Secret & Co. during the fourth quarter worth $206,000. 90.29% of the stock is owned by institutional investors.

Insider Activity at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 85,145 shares of the stock in a transaction dated Wednesday, March 26th. The stock was purchased at an average cost of $19.47 per share, with a total value of $1,657,773.15. Following the transaction, the insider now owns 9,389,805 shares in the company, valued at approximately $182,819,503.35. The trade was a 0.92 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought a total of 1,503,973 shares of company stock worth $26,617,312 over the last quarter. Company insiders own 1.10% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Shares of VSCO opened at $19.26 on Friday. Victoria’s Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 1.15 and a beta of 2.25. The business has a 50-day moving average of $18.52 and a 200-day moving average of $30.29.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.30. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. As a group, equities research analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VSCO shares. Telsey Advisory Group lowered their price target on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating for the company in a report on Thursday, March 6th. JPMorgan Chase & Co. reduced their price target on shares of Victoria’s Secret & Co. from $35.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Cowen reiterated a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. 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 on the stock in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group lowered their price target on shares of Victoria’s Secret & Co. from $19.00 to $15.00 and set a “sell” rating for the company in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $28.18.

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.