Dimensional Fund Advisors LP Purchases 109,013 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Dimensional Fund Advisors LP lifted its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 13.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 917,017 shares of the company’s stock after purchasing an additional 109,013 shares during the period. Dimensional Fund Advisors LP owned 1.17% of Victoria’s Secret & Co. worth $16,206,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Treasurer of the State of North Carolina increased its position in Victoria’s Secret & Co. by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 34,163 shares of the company’s stock worth $907,000 after buying an additional 340 shares during the period. PNC Financial Services Group Inc. increased its position in Victoria’s Secret & Co. by 5.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock worth $297,000 after acquiring an additional 628 shares during the period. SummerHaven Investment Management LLC raised its stake in Victoria’s Secret & Co. by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock valued at $663,000 after purchasing an additional 715 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Victoria’s Secret & Co. by 2.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock valued at $696,000 after purchasing an additional 1,000 shares during the period. Finally, Texas Permanent School Fund Corp grew its position in Victoria’s Secret & Co. by 1.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 67,770 shares of the company’s stock worth $1,313,000 after purchasing an additional 1,205 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Up 0.8 %

Shares of NYSE:VSCO opened at $24.28 on Friday. The company’s fifty day moving average is $22.61 and its 200-day moving average is $20.14. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. Victoria’s Secret & Co. has a 52 week low of $13.62 and a 52 week high of $30.80. The company has a market capitalization of $1.91 billion, a PE ratio of 18.68 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. Equities research analysts predict that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VSCO shares. Bank of America upped their price objective on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research report on Friday, August 30th. TD Cowen lifted their price objective on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company upped their target price on Victoria’s Secret & Co. from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Morgan Stanley lifted their price target on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Finally, Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and a consensus price target of $23.60.

About Victoria’s Secret & Co.

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.