Principal Financial Group Inc. Acquires 10,345 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Principal Financial Group Inc. increased its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 2.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 391,764 shares of the company’s stock after buying an additional 10,345 shares during the period. Principal Financial Group Inc. owned 0.50% of Victoria’s Secret & Co. worth $7,279,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. NBC Securities Inc. raised its stake in shares of Victoria’s Secret & Co. by 141,000.0% during the first quarter. NBC Securities Inc. now owns 2,822 shares of the company’s stock worth $52,000 after buying an additional 2,820 shares during the last quarter. KBC Group NV raised its stake in shares of Victoria’s Secret & Co. by 40.8% during the first quarter. KBC Group NV now owns 3,904 shares of the company’s stock worth $73,000 after buying an additional 1,132 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Victoria’s Secret & Co. by 1,898.1% during the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock worth $85,000 after buying an additional 1,955 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Victoria’s Secret & Co. by 47.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock worth $104,000 after buying an additional 800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth approximately $112,000. 90.29% of the stock is owned by institutional investors.

Victoria’s Secret & Co. Stock Down 3.6%

Victoria’s Secret & Co. stock opened at $18.26 on Wednesday. The stock has a market capitalization of $1.46 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 1.04 and a beta of 2.18. Victoria’s Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The company has a quick ratio of 0.33, a current ratio of 1.16 and a debt-to-equity ratio of 1.60. The company has a 50 day moving average of $20.55 and a 200-day moving average of $24.45.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Victoria’s Secret & Co. had a net margin of 2.69% and a return on equity of 37.76%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share. On average, equities research analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on VSCO shares. JPMorgan Chase & Co. boosted their price objective on shares of Victoria’s Secret & Co. from $17.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, May 19th. Morgan Stanley restated a “positive” rating on shares of Victoria’s Secret & Co. in a report on Thursday, June 12th. UBS Group set a $24.00 price objective on shares of Victoria’s Secret & Co. and gave the company a “neutral” rating in a report on Friday, May 23rd. Barclays restated an “overweight” rating and set a $23.00 price objective (up previously from $22.00) on shares of Victoria’s Secret & Co. in a report on Thursday, June 12th. Finally, Jefferies Financial Group decreased their price objective on shares of Victoria’s Secret & Co. from $42.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, May 21st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Victoria’s Secret & Co. currently has an average rating of “Hold” and a consensus target price of $24.64.

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.