State of Alaska Department of Revenue Has $1.15 Million Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

State of Alaska Department of Revenue decreased its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,682 shares of the company’s stock after selling 1,283 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Victoria’s Secret & Co. worth $1,148,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in VSCO. SummerHaven Investment Management LLC raised its holdings 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 purchasing an additional 715 shares during the last quarter. Louisiana State Employees Retirement System increased its stake 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 buying an additional 1,000 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of 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 buying an additional 1,205 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Victoria’s Secret & Co. by 8.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock valued at $294,000 after acquiring an additional 1,280 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after acquiring an additional 1,505 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Up 3.1 %

NYSE VSCO opened at $32.48 on Tuesday. The stock’s 50-day moving average price is $25.84 and its 200-day moving average price is $21.59. The company has a market capitalization of $2.55 billion, a P/E ratio of 18.88 and a beta of 2.09. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $33.16.

Victoria’s Secret & Co. (NYSE:VSCO) last posted 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 business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. On average, equities research analysts predict that Victoria’s Secret & Co. will post 1.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VSCO shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.00 target price on shares of Victoria’s Secret & Co. in a research note on Thursday, October 17th. Barclays raised 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 report on Wednesday, September 18th. Morgan Stanley boosted their target price on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. The Goldman Sachs Group increased their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, August 30th. Finally, BMO Capital Markets upped 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 report on Thursday, October 17th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.30.

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.