Public Employees Retirement System of Ohio Makes New Investment in Victoria’s Secret & Co. (NYSE:VSCO)

Public Employees Retirement System of Ohio purchased a new stake in Victoria’s Secret & Co. (NYSE:VSCO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,713 shares of the company’s stock, valued at approximately $112,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. CoreCap Advisors LLC increased its holdings in Victoria’s Secret & Co. by 1,898.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after purchasing an additional 1,955 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Victoria’s Secret & Co. by 326.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after buying an additional 1,682 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Victoria’s Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after buying an additional 800 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at $123,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at $204,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc acquired 542,000 shares of Victoria’s Secret & Co. stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $17.32 per share, with a total value of $9,387,440.00. Following the purchase, the insider now directly owns 8,695,019 shares in the company, valued at approximately $150,597,729.08. The trade was a 6.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders acquired 1,503,973 shares of company stock worth $26,617,312. Company insiders own 0.45% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $20.92 on Friday. The stock’s 50-day moving average is $19.46 and its two-hundred day moving average is $28.90. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. Victoria’s Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.15 and a beta of 2.26.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Analysts predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wells Fargo & Company reissued an “underweight” rating and set a $15.00 price target (up previously from $12.00) on shares of Victoria’s Secret & Co. in a research report on Wednesday, May 14th. Morgan Stanley reduced their target price on shares of Victoria’s Secret & Co. from $23.00 to $19.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. BMO Capital Markets cut their price objective on 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. Finally, Wall Street Zen upgraded Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Victoria’s Secret & Co. presently has an average rating of “Hold” and an average price target of $26.09.

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.