Maryland State Retirement & Pension System Reduces Stock Position in Victoria’s Secret & Co. (NYSE:VSCO)

Maryland State Retirement & Pension System cut its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 19.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,296 shares of the company’s stock after selling 6,642 shares during the period. Maryland State Retirement & Pension System’s holdings in Victoria’s Secret & Co. were worth $482,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Frazier Financial Advisors LLC bought a new position in Victoria’s Secret & Co. in the 4th quarter worth about $76,000. Quadrant Capital Group LLC increased its position in shares of Victoria’s Secret & Co. by 24.3% in the fourth quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company’s stock worth $107,000 after purchasing an additional 790 shares during the last quarter. Ieq Capital LLC purchased a new stake in Victoria’s Secret & Co. in the fourth quarter valued at approximately $206,000. Ontario Teachers Pension Plan Board bought a new stake in Victoria’s Secret & Co. during the fourth quarter valued at approximately $221,000. Finally, Vise Technologies Inc. purchased a new position in Victoria’s Secret & Co. in the 4th quarter worth approximately $222,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Trading Down 0.1 %

NYSE VSCO opened at $23.43 on Wednesday. The stock’s 50 day moving average is $19.72 and its 200 day moving average is $20.14. The company has a quick ratio of 0.28, a current ratio of 0.97 and a debt-to-equity ratio of 2.51. The firm has a market capitalization of $1.83 billion, a PE ratio of 18.02 and a beta of 2.12. Victoria’s Secret & Co. has a twelve month low of $13.62 and a twelve month high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 47.61%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Victoria’s Secret & Co.’s quarterly revenue was down 3.4% on a year-over-year basis. Research analysts forecast that Victoria’s Secret & Co. will post 2.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VSCO. Barclays lifted their price objective on shares of Victoria’s Secret & Co. from $19.00 to $23.00 and gave the stock an “underweight” rating in a report on Friday, August 30th. Telsey Advisory Group boosted their price objective on shares of Victoria’s Secret & Co. from $24.00 to $27.00 and gave the stock a “market perform” rating in a report on Thursday, August 29th. Morgan Stanley increased their target price on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their target price on shares of Victoria’s Secret & Co. from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday, May 17th. Finally, BMO Capital Markets upped their price target on shares of Victoria’s Secret & Co. from $26.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $23.40.

Victoria’s Secret & Co. Company Profile

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.