Teacher Retirement System of Texas Acquires 80,991 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Teacher Retirement System of Texas increased its stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 78.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 184,587 shares of the company's stock after acquiring an additional 80,991 shares during the quarter. Teacher Retirement System of Texas owned about 0.23% of Victoria's Secret & Co. worth $3,430,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. NBC Securities Inc. lifted its holdings in shares of Victoria's Secret & Co. by 141,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock worth $52,000 after purchasing an additional 2,820 shares in the last quarter. KBC Group NV lifted its holdings in shares of Victoria's Secret & Co. by 40.8% in the 1st quarter. KBC Group NV now owns 3,904 shares of the company's stock worth $73,000 after purchasing an additional 1,132 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Victoria's Secret & Co. by 1,898.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock worth $85,000 after purchasing an additional 1,955 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Victoria's Secret & Co. by 47.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock worth $104,000 after purchasing an additional 800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Victoria's Secret & Co. during the 4th quarter valued at $112,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria's Secret & Co. Price Performance

Shares of VSCO traded up $0.19 during midday trading on Thursday, hitting $20.18. 1,945,937 shares of the company traded hands, compared to its average volume of 2,973,699. Victoria's Secret & Co. has a one year low of $13.76 and a one year high of $48.73. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.16 and a quick ratio of 0.33. The firm has a market cap of $1.61 billion, a P/E ratio of 10.09, a PEG ratio of 1.10 and a beta of 2.18. The stock has a 50-day moving average of $20.58 and a 200-day moving average of $25.05.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays restated an "overweight" rating and set a $23.00 price objective (up from $22.00) on shares of Victoria's Secret & Co. in a research note on Thursday, June 12th. The Goldman Sachs Group restated a "sell" rating and set a $15.00 price objective on shares of Victoria's Secret & Co. in a research note on Wednesday, June 4th. Wall Street Zen downgraded shares of Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Morgan Stanley restated a "positive" rating on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. Finally, JPMorgan Chase & Co. raised 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 report on Monday, May 19th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $24.64.

About Victoria's Secret & Co.

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.