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

Teacher Retirement System of Texas grew its stake in shares of 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. The fund 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 filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VSCO. Charles Schwab Investment Management Inc. raised its stake in shares of Victoria's Secret & Co. by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company's stock worth $67,562,000 after purchasing an additional 22,684 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Victoria's Secret & Co. by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock worth $369,793,000 after acquiring an additional 58,981 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Victoria's Secret & Co. by 1,209.6% during the 1st quarter. GAMMA Investing LLC now owns 45,651 shares of the company's stock worth $848,000 after acquiring an additional 42,165 shares during the last quarter. Tremblant Capital Group increased its holdings in shares of Victoria's Secret & Co. by 137.1% during the 4th quarter. Tremblant Capital Group now owns 550,135 shares of the company's stock worth $22,787,000 after acquiring an additional 318,080 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Victoria's Secret & Co. during the 4th quarter worth approximately $7,373,000. Institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Trading Down 4.8%

NYSE VSCO traded down $0.97 during trading hours on Friday, hitting $19.17. 2,385,449 shares of the company's stock were exchanged, compared to its average volume of 2,973,304. The stock has a 50-day simple moving average of $20.57 and a 200 day simple moving average of $24.78. Victoria's Secret & Co. has a 1-year low of $13.76 and a 1-year high of $48.73. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.05 and a beta of 2.18. The company has a current ratio of 1.16, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 EPS for the quarter, meeting analysts' consensus estimates 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 analysts' expectations of $1.32 billion. During the same quarter last year, the firm posted $0.12 earnings per share. The company's revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VSCO. Bank of America decreased their target price on Victoria's Secret & Co. from $20.00 to $18.00 and set an "underperform" rating on the stock in a report on Thursday, June 12th. The Goldman Sachs Group reissued a "sell" rating and set a $15.00 target price on shares of Victoria's Secret & Co. in a report on Wednesday, June 4th. UBS Group set a $24.00 price objective on Victoria's Secret & Co. and gave the company a "neutral" rating in a report on Friday, May 23rd. Barclays reaffirmed an "overweight" rating and issued a $23.00 price objective (up from $22.00) on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. Finally, Morgan Stanley reaffirmed a "positive" rating on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price 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.