Landscape Capital Management L.L.C. Invests $2.07 Million in Victoria’s Secret & Co. (NYSE:VSCO)

Landscape Capital Management L.L.C. purchased a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 50,025 shares of the company’s stock, valued at approximately $2,072,000. Landscape Capital Management L.L.C. owned approximately 0.06% of Victoria’s Secret & Co. at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Virtus Fund Advisers LLC acquired a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at $27,000. Smartleaf Asset Management LLC increased its position 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 acquiring an additional 1,682 shares in the last quarter. GAMMA Investing LLC increased its position in Victoria’s Secret & Co. by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock valued at $144,000 after acquiring an additional 326 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Victoria’s Secret & Co. during the fourth quarter worth approximately $206,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Victoria’s Secret & Co. during the fourth quarter worth approximately $218,000. Institutional investors own 90.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VSCO. Wells Fargo & Company dropped their price objective on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. UBS Group reduced their price target 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. Morgan Stanley lowered their price objective on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. TD Cowen increased their target price on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Barclays lowered 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 research note on Friday, March 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.73.

Victoria’s Secret & Co. Trading Up 13.2 %

Shares of NYSE:VSCO opened at $16.83 on Friday. The business’s 50 day simple moving average is $25.88 and its 200 day simple moving average is $31.81. 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 $1.32 billion, a P/E ratio of 8.72, a P/E/G ratio of 1.15 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSCO) last released its 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. 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 anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Insider Activity

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 212,500 shares of the stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of $16.15 per share, with a total value of $3,431,875.00. Following the acquisition, the insider now owns 10,310,631 shares of the company’s stock, valued at approximately $166,516,690.65. This represents a 2.10 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders bought 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is currently owned by corporate insiders.

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.