Mutual of America Capital Management LLC Has $303,000 Position in Victoria’s Secret & Co. (NYSE:VSCO)

Mutual of America Capital Management LLC reduced its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 8.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 11,778 shares of the company’s stock after selling 1,091 shares during the period. Mutual of America Capital Management LLC’s holdings in Victoria’s Secret & Co. were worth $303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of VSCO. SummerHaven Investment Management LLC boosted its position in shares of Victoria’s Secret & Co. by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock valued at $663,000 after acquiring an additional 715 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of 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 valued at $179,000 after buying an additional 835 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Victoria’s Secret & Co. by 2.6% in the second 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Victoria’s Secret & Co. by 8.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock worth $294,000 after buying an additional 1,280 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Victoria’s Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after buying an additional 1,505 shares during the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Trading Up 1.3 %

VSCO stock opened at $37.99 on Friday. The company has a market capitalization of $2.98 billion, a PE ratio of 22.09 and a beta of 2.10. The company’s 50 day moving average price is $30.05 and its two-hundred day moving average price is $23.72. 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 one year low of $15.12 and a one year high of $39.39.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. As a group, analysts predict that Victoria’s Secret & Co. will post 2.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VSCO has been the subject of a number of research analyst reports. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. Morgan Stanley upped their price target on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Bank of America boosted their target price on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Friday, August 30th. BMO Capital Markets raised their price objective on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group raised their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a report on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.60.

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.