Louisiana State Employees Retirement System Purchases New Shares in Victoria’s Secret & Co. (NYSE:VSCO)

Louisiana State Employees Retirement System purchased a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 38,700 shares of the company’s stock, valued at approximately $1,027,000.

A number of other large investors have also added to or reduced their stakes in VSCO. Kettle Hill Capital Management LLC acquired a new stake in Victoria’s Secret & Co. during the 3rd quarter valued at $18,645,000. UBS Group AG grew its holdings in Victoria’s Secret & Co. by 11.0% during the 3rd quarter. UBS Group AG now owns 3,323,016 shares of the company’s stock worth $55,428,000 after acquiring an additional 328,860 shares in the last quarter. Newport Trust Company LLC acquired a new position in Victoria’s Secret & Co. during the 3rd quarter worth $3,344,000. Fred Alger Management LLC grew its holdings in Victoria’s Secret & Co. by 192.2% during the 3rd quarter. Fred Alger Management LLC now owns 287,239 shares of the company’s stock worth $4,791,000 after acquiring an additional 188,921 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in Victoria’s Secret & Co. by 478.4% during the 3rd quarter. Citigroup Inc. now owns 199,668 shares of the company’s stock worth $3,330,000 after acquiring an additional 165,147 shares in the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VSCO. Telsey Advisory Group decreased their price objective on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, March 7th. Wells Fargo & Company decreased their price objective on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, March 7th. Bank of America reissued an “underperform” rating and set a $15.00 price objective (down from $34.00) on shares of Victoria’s Secret & Co. in a report on Friday, March 8th. BMO Capital Markets reduced their price target on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $15.00 price target (down from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, March 7th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and an average target price of $22.00.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE:VSCO opened at $17.57 on Thursday. The company has a market cap of $1.36 billion, a PE ratio of 12.92, a P/E/G ratio of 1.08 and a beta of 2.07. The company’s 50-day moving average price is $21.43 and its 200 day moving average price is $22.58. Victoria’s Secret & Co. has a fifty-two week low of $13.62 and a fifty-two week high of $32.61. The company has a quick ratio of 0.34, a current ratio of 0.95 and a debt-to-equity ratio of 2.56.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.12. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.09 billion. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. Sell-side analysts anticipate that Victoria’s Secret & Co. will post 1.67 earnings per share for the current year.

Victoria’s Secret & Co. Company 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.