Landscape Capital Management L.L.C. Makes New Investment in Victoria’s Secret & Co. (NYSE:VSCO)

Landscape Capital Management L.L.C. acquired a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 50,025 shares of the company’s stock, valued at approximately $2,072,000.

Several other hedge funds also recently modified their holdings of the company. Virtus Fund Advisers LLC bought a new position in Victoria’s Secret & Co. in the third quarter valued at about $27,000. Smartleaf Asset Management LLC raised its holdings in Victoria’s Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock valued at $92,000 after buying an additional 1,682 shares during the last quarter. GAMMA Investing LLC boosted its position in Victoria’s Secret & Co. by 10.3% during the 4th 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. acquired a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $206,000. Finally, Amundi grew its holdings in Victoria’s Secret & Co. by 61.0% during the 4th quarter. Amundi now owns 5,549 shares of the company’s stock worth $214,000 after acquiring an additional 2,103 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Barclays cut their price target on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Telsey Advisory Group reduced their price target on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a research report on Thursday, March 6th. UBS Group lowered their price objective on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group decreased their target price on shares of Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a research report on Monday, March 10th. Finally, BMO Capital Markets dropped their price target 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.73.

Insider Transactions at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $16.78 per share, with a total value of $1,347,903.84. Following the transaction, the insider now directly owns 9,255,347 shares of the company’s stock, valued at approximately $155,304,722.66. This represents a 0.88 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 1,503,973 shares of company stock worth $26,617,312 in the last quarter. Insiders own 1.10% of the company’s stock.

Victoria’s Secret & Co. Stock Up 13.2 %

VSCO stock opened at $16.83 on Friday. 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. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73. The stock’s 50 day simple moving average is $25.88 and its 200 day simple moving average is $31.81. The company has a market cap of $1.32 billion, a P/E ratio of 8.72, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. On average, research analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

About Victoria’s Secret & Co.

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.