Victoria’s Secret & Co. (NYSE:VSCO) Position Reduced by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in Victoria’s Secret & Co. (NYSE:VSCO) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 369,510 shares of the company’s stock after selling 17,367 shares during the period. Principal Financial Group Inc. owned about 0.47% of Victoria’s Secret & Co. worth $9,496,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. SummerHaven Investment Management LLC boosted its stake in Victoria’s Secret & Co. by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock worth $663,000 after purchasing an additional 715 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Victoria’s Secret & Co. by 13.6% in the third quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock valued at $179,000 after purchasing an additional 835 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Victoria’s Secret & Co. by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after buying an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Victoria’s Secret & Co. by 8.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock valued at $294,000 after buying an additional 1,280 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after buying an additional 1,505 shares during the period. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE VSCO opened at $36.58 on Tuesday. The business’s 50-day simple moving average is $28.14 and its 200-day simple moving average is $22.84. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $37.72. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 21.27 and a beta of 2.10.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. As a group, equities research analysts expect that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. BMO Capital Markets raised their price objective on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.00 price objective on shares of Victoria’s Secret & Co. in a research note on Thursday, October 17th. Bank of America boosted their price target on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Friday, August 30th. The Goldman Sachs Group increased their price objective on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. Finally, TD Cowen boosted their target price on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Victoria’s Secret & Co. currently has an average rating of “Hold” and an average target price of $26.30.

Victoria’s Secret & Co. 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.