NBC Securities Inc. Purchases 2,820 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

NBC Securities Inc. increased its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 141,000.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,822 shares of the company’s stock after acquiring an additional 2,820 shares during the quarter. NBC Securities Inc.’s holdings in Victoria’s Secret & Co. were worth $52,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of VSCO. CoreCap Advisors LLC raised its stake in shares of Victoria’s Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after acquiring an additional 1,955 shares during the period. Smartleaf Asset Management LLC boosted its stake 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 worth $92,000 after purchasing an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Victoria’s Secret & Co. by 47.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock worth $104,000 after purchasing an additional 800 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Victoria’s Secret & Co. in the 4th quarter worth approximately $112,000. Finally, Pinpoint Asset Management Ltd acquired a new stake in Victoria’s Secret & Co. during the 4th quarter valued at approximately $123,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Down 5.8%

Shares of NYSE VSCO opened at $19.79 on Friday. Victoria’s Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73. The company has a market capitalization of $1.56 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. 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 firm’s 50-day moving average is $19.89 and its two-hundred day moving average is $28.39.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Bank of America reduced their price objective on shares of Victoria’s Secret & Co. from $20.00 to $18.00 and set an “underperform” rating for the company in a research report on Thursday. Jefferies Financial Group decreased their price target on shares of Victoria’s Secret & Co. from $42.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, May 21st. Wall Street Zen cut shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating in a report on Friday, June 6th. The Goldman Sachs Group reissued a “sell” rating and set a $15.00 price objective on shares of Victoria’s Secret & Co. in a report on Wednesday, June 4th. Finally, Cowen restated a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.64.

Insider Buying and Selling at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc acquired 584,000 shares of Victoria’s Secret & Co. stock in a transaction that occurred on Friday, March 28th. The shares were acquired at an average price of $18.48 per share, with a total value of $10,792,320.00. Following the completion of the purchase, the insider now owns 10,098,131 shares of the company’s stock, valued at approximately $186,613,460.88. This represents a 6.14% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 881,645 shares of company stock valued at $15,881,968 over the last quarter. Corporate insiders own 0.45% of the company’s stock.

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.