Louisiana State Employees Retirement System Takes Position in Victoria’s Secret & Co. (NYSE:VSCO)

Louisiana State Employees Retirement System bought a new stake in Victoria’s Secret & Co. (NYSE:VSCO) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 38,700 shares of the company’s stock, valued at approximately $1,027,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC lifted its position in Victoria’s Secret & Co. by 126.8% during the 3rd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $27,000 after buying an additional 914 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Victoria’s Secret & Co. by 3.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,914 shares of the company’s stock worth $741,000 after buying an additional 1,031 shares in the last quarter. Yarger Wealth Strategies LLC lifted its position in Victoria’s Secret & Co. by 10.6% during the 4th quarter. Yarger Wealth Strategies LLC now owns 12,198 shares of the company’s stock worth $324,000 after buying an additional 1,168 shares in the last quarter. Systematic Alpha Investments LLC acquired a new position in Victoria’s Secret & Co. during the 3rd quarter worth about $58,000. Finally, DekaBank Deutsche Girozentrale lifted its position in Victoria’s Secret & Co. by 70.7% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 8,693 shares of the company’s stock worth $230,000 after buying an additional 3,600 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $17.57 on Thursday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34. The stock has a market cap of $1.36 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.08 and a beta of 2.07. The stock has a 50-day moving average of $21.43 and a 200-day moving average of $22.58. Victoria’s Secret & Co. has a one year low of $13.62 and a one year high of $32.61.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. Victoria’s Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.09 billion. As a group, sell-side analysts expect that Victoria’s Secret & Co. will post 1.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VSCO has been the topic of a number of research reports. Wells Fargo & Company cut their target price on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, March 7th. Bank of America restated an “underperform” rating and set a $15.00 target price (down from $34.00) on shares of Victoria’s Secret & Co. in a research report on Friday, March 8th. Telsey Advisory Group cut their target price on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. JPMorgan Chase & Co. restated an “underweight” rating and set a $15.00 target price (down from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, March 7th. Finally, BMO Capital Markets cut their target price on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.00.

About Victoria’s Secret & Co.

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.