Illinois Municipal Retirement Fund Sells 10,627 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Illinois Municipal Retirement Fund reduced its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 23.6% in the 4th quarter, Holdings Channel reports. The fund 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 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Virtus Fund Advisers LLC bought a new position in shares of Victoria’s Secret & Co. during the third quarter worth about $27,000. Blue Trust Inc. grew its holdings 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 worth $44,000 after buying an additional 1,505 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Victoria’s Secret & Co. by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after buying an additional 326 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Victoria’s Secret & Co. during the fourth quarter worth about $206,000. Finally, Tandem Investment Advisors Inc. bought a new position in shares of Victoria’s Secret & Co. during the fourth quarter worth about $229,000. 90.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VSCO shares. BMO Capital Markets increased their price objective on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Morgan Stanley decreased their price objective on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Barclays upgraded Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $51.00 to $53.00 in a report on Tuesday, January 28th. Telsey Advisory Group reiterated a “market perform” rating and set a $40.00 price objective on shares of Victoria’s Secret & Co. in a report on Wednesday. Finally, Jefferies Financial Group increased their price target on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.18.

Victoria’s Secret & Co. Stock Performance

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

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share (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 company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the firm posted ($0.86) earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share 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.