Nomura Holdings Inc. Invests $2.25 Million in Victoria’s Secret & Co. (NYSE:VSCO)

Nomura Holdings Inc. acquired a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, Holdings Channel.com reports. The fund acquired 54,355 shares of the company’s stock, valued at approximately $2,251,000.

A number of other hedge funds also recently made changes to their positions in the stock. Marshall Wace LLP raised its position in Victoria’s Secret & Co. by 481.5% in the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock worth $81,049,000 after purchasing an additional 1,620,256 shares during the period. FMR LLC raised its position in Victoria’s Secret & Co. by 44.7% in the 4th quarter. FMR LLC now owns 3,988,122 shares of the company’s stock worth $165,188,000 after purchasing an additional 1,231,090 shares during the period. SRS Investment Management LLC purchased a new position in Victoria’s Secret & Co. in the 4th quarter worth $37,011,000. 12 West Capital Management LP purchased a new position in Victoria’s Secret & Co. in the 4th quarter worth $17,519,000. Finally, EVR Research LP purchased a new position in Victoria’s Secret & Co. in the 4th quarter worth $11,598,000. 90.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BMO Capital Markets decreased 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. Wells Fargo & Company reiterated an “underweight” rating and issued a $15.00 target price (up previously from $12.00) on shares of Victoria’s Secret & Co. in a research report on Wednesday. Bank of America decreased their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research report on Thursday, January 30th. Barclays lowered their price objective on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, May 12th. Finally, The Goldman Sachs Group lowered their price objective on shares of Victoria’s Secret & Co. from $19.00 to $15.00 and set a “sell” rating for the company in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.09.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO opened at $23.56 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’s 50-day moving average is $18.91 and its 200 day moving average is $30.09. The stock has a market capitalization of $1.85 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.15 and a beta of 2.25.

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

Insider Activity at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 542,000 shares of the business’s stock in a transaction on Monday, March 10th. The shares were acquired at an average price of $17.32 per share, for a total transaction of $9,387,440.00. Following the completion of the acquisition, the insider now owns 8,695,019 shares in the company, valued at $150,597,729.08. This trade represents a 6.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 1,503,973 shares of company stock worth $26,617,312 over the last 90 days. 1.10% of the stock is owned by company insiders.

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.