Illinois Municipal Retirement Fund Has $1.42 Million Position in Victoria’s Secret & Co. (NYSE:VSCO)

Illinois Municipal Retirement Fund lowered its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 23.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,366 shares of the company’s stock after selling 10,627 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Victoria’s Secret & Co. were worth $1,423,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in Victoria’s Secret & Co. by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after purchasing an additional 326 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Victoria’s Secret & Co. by 1.0% in the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock worth $1,079,000 after purchasing an additional 412 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in 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 worth $179,000 after purchasing an additional 835 shares in the last quarter. Virtus Fund Advisers LLC acquired a new position in Victoria’s Secret & Co. in the third quarter worth $27,000. Finally, New York State Common Retirement Fund boosted its stake in Victoria’s Secret & Co. by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 26,478 shares of the company’s stock worth $1,097,000 after purchasing an additional 1,117 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VSCO. Jefferies Financial Group upped their price target on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $40.00 price target on shares of Victoria’s Secret & Co. in a research note on Wednesday. Barclays raised Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $51.00 to $53.00 in a research note on Tuesday, January 28th. The Goldman Sachs Group cut their price target on Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating on the stock in a research note on Thursday, January 30th. Finally, Wells Fargo & Company cut their price target on Victoria’s Secret & Co. from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $41.18.

Victoria’s Secret & Co. Trading Down 0.6 %

NYSE VSCO opened at $26.70 on Friday. The stock has a 50-day simple moving average of $35.76 and a 200 day simple moving average of $32.57. The company has a market capitalization of $2.10 billion, a PE ratio of 13.84, a P/E/G ratio of 1.15 and a beta of 2.11. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted ($0.86) earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. Research analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Victoria’s Secret & Co. Profile

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.