Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Position in Victoria’s Secret & Co. $VSCO

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 8.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 20,498 shares of the company’s stock after acquiring an additional 1,683 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Victoria’s Secret & Co. were worth $380,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Virtus Advisers LLC bought a new stake in shares of Victoria’s Secret & Co. during the first quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd purchased a new position in Victoria’s Secret & Co. during the second quarter valued at $35,000. Fifth Third Bancorp boosted its holdings in shares of Victoria’s Secret & Co. by 75.3% during the 2nd quarter. Fifth Third Bancorp now owns 4,801 shares of the company’s stock valued at $89,000 after buying an additional 2,062 shares in the last quarter. Erste Asset Management GmbH grew its position in shares of Victoria’s Secret & Co. by 1,824.5% in the 1st quarter. Erste Asset Management GmbH now owns 8,333 shares of the company’s stock worth $147,000 after buying an additional 7,900 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Victoria’s Secret & Co. by 270.6% in the 2nd quarter. GAMMA Investing LLC now owns 9,105 shares of the company’s stock worth $169,000 after buying an additional 6,648 shares during the period. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Trading Up 5.2%

Shares of NYSE:VSCO opened at $40.15 on Thursday. The company has a market cap of $3.22 billion, a P/E ratio of 22.31, a PEG ratio of 2.03 and a beta of 2.26. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.14 and a quick ratio of 0.36. Victoria’s Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The stock’s fifty day moving average price is $32.00 and its 200-day moving average price is $25.15.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.13 by $0.20. Victoria’s Secret & Co. had a return on equity of 33.77% and a net margin of 2.42%.The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the company earned $0.40 EPS. Victoria’s Secret & Co.’s revenue for the quarter was up 2.9% on a year-over-year basis. Sell-side analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VSCO shares. Wall Street Zen raised shares of Victoria’s Secret & Co. from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. lifted their target price on shares of Victoria’s Secret & Co. from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, September 15th. Bank of America boosted their price target on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research report on Friday, August 29th. Morgan Stanley reaffirmed a “reduce” rating on shares of Victoria’s Secret & Co. in a research report on Friday, September 12th. Finally, Telsey Advisory Group lifted their price objective on Victoria’s Secret & Co. from $24.00 to $29.00 and gave the company a “market perform” rating in a research note on Wednesday, October 1st. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $29.91.

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.