Texas Permanent School Fund Grows Stock Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

Texas Permanent School Fund raised its position in shares of Victoria’s Secret & Co. (NYSE:VSCOGet Rating) by 20.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,681 shares of the company’s stock after buying an additional 10,137 shares during the period. Texas Permanent School Fund owned about 0.07% of Victoria’s Secret & Co. worth $1,738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of VSCO. Venture Visionary Partners LLC purchased a new position in shares of Victoria’s Secret & Co. during the second quarter worth $30,000. Parkside Financial Bank & Trust raised its stake in shares of Victoria’s Secret & Co. by 774.0% in the first quarter. Parkside Financial Bank & Trust now owns 638 shares of the company’s stock valued at $33,000 after acquiring an additional 565 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Victoria’s Secret & Co. by 26.7% in the second quarter. Captrust Financial Advisors now owns 1,561 shares of the company’s stock valued at $44,000 after acquiring an additional 329 shares in the last quarter. Islay Capital Management LLC acquired a new stake in shares of Victoria’s Secret & Co. in the second quarter valued at $62,000. Finally, Counterpoint Mutual Funds LLC raised its stake in shares of Victoria’s Secret & Co. by 267,800.0% in the second quarter. Counterpoint Mutual Funds LLC now owns 2,679 shares of the company’s stock valued at $75,000 after acquiring an additional 2,678 shares in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $38.50 on Thursday. The stock’s 50-day moving average is $40.82 and its two-hundred day moving average is $36.39. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 0.84 and a beta of 2.13. Victoria’s Secret & Co. has a 1 year low of $26.14 and a 1 year high of $65.20. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.35 and a current ratio of 1.28.

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) last issued its quarterly earnings data on Wednesday, November 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.06. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Victoria’s Secret & Co. had a return on equity of 178.60% and a net margin of 6.48%. Analysts predict that Victoria’s Secret & Co. will post 4.76 earnings per share for the current year.

Insiders Place Their Bets

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 109,968 shares of the firm’s stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $46.08, for a total transaction of $5,067,325.44. Following the transaction, the insider now owns 8,118,804 shares of the company’s stock, valued at $374,114,488.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.95% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. cut Victoria’s Secret & Co. from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $51.00 to $43.00 in a research note on Thursday, December 1st. Cowen increased their price objective on Victoria’s Secret & Co. from $35.00 to $45.00 in a research note on Friday, December 2nd. BMO Capital Markets increased their price objective on Victoria’s Secret & Co. from $45.00 to $53.00 in a research note on Thursday, December 1st. Barclays increased their price objective on Victoria’s Secret & Co. from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, December 2nd. Finally, Telsey Advisory Group raised their price target on Victoria’s Secret & Co. from $35.00 to $52.00 and gave the company a “market perform” rating in a research note on Thursday, December 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $50.73.

Victoria’s Secret & Co. Profile

(Get Rating)

Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.

Featured Articles

Want to see what other hedge funds are holding VSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Victoria’s Secret & Co. (NYSE:VSCOGet Rating).

Institutional Ownership by Quarter for Victoria's Secret & Co. (NYSE:VSCO)

Receive News & Ratings for Victoria's Secret & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victoria's Secret & Co. and related companies with MarketBeat.com's FREE daily email newsletter.