Teacher Retirement System of Texas Increases Stock Position in Victoria's Secret & Co. (NYSE:VSCO)

Teacher Retirement System of Texas boosted its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 78.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 184,587 shares of the company's stock after buying an additional 80,991 shares during the period. Teacher Retirement System of Texas owned approximately 0.23% of Victoria's Secret & Co. worth $3,430,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. NBC Securities Inc. lifted its holdings in Victoria's Secret & Co. by 141,000.0% in the first quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock valued at $52,000 after buying an additional 2,820 shares during the period. KBC Group NV increased its stake in Victoria's Secret & Co. by 40.8% in the first quarter. KBC Group NV now owns 3,904 shares of the company's stock valued at $73,000 after purchasing an additional 1,132 shares in the last quarter. CoreCap Advisors LLC increased its stake in Victoria's Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after purchasing an additional 1,955 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Victoria's Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after purchasing an additional 800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Victoria's Secret & Co. in the fourth quarter valued at approximately $112,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria's Secret & Co. Stock Performance

Shares of VSCO stock traded down $0.97 during midday trading on Friday, hitting $19.17. 2,383,925 shares of the company were exchanged, compared to its average volume of 2,971,351. The firm has a market capitalization of $1.53 billion, a P/E ratio of 9.59, a PEG ratio of 1.10 and a beta of 2.18. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.33 and a current ratio of 1.16. The firm's 50 day moving average price is $20.58 and its two-hundred day moving average price is $25.05. Victoria's Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its earnings results on Wednesday, June 11th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Victoria's Secret & Co. had a net margin of 2.69% and a return on equity of 37.76%. Victoria's Secret & Co.'s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. As a group, equities research analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VSCO. Jefferies Financial Group lowered their price objective on shares of Victoria's Secret & Co. from $42.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. JPMorgan Chase & Co. increased their price objective on shares of Victoria's Secret & Co. from $17.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 price objective on shares of Victoria's Secret & Co. in a research report on Wednesday, June 11th. Morgan Stanley reissued a "positive" rating on shares of Victoria's Secret & Co. in a research report on Thursday, June 12th. Finally, Bank of America decreased their target price on shares of Victoria's Secret & Co. from $20.00 to $18.00 and set an "underperform" rating for the company in a research report on Thursday, June 12th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $24.64.

Victoria's Secret & Co. Company 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.