Peregrine Capital Management LLC Raises Stock Position in Victoria's Secret & Co. (NYSE:VSCO)

Peregrine Capital Management LLC increased its stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 30.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,581 shares of the company's stock after buying an additional 52,618 shares during the period. Peregrine Capital Management LLC owned 0.28% of Victoria's Secret & Co. worth $4,154,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Picton Mahoney Asset Management raised its stake in Victoria's Secret & Co. by 6.5% in the fourth quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company's stock worth $322,000 after buying an additional 477 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in Victoria's Secret & Co. by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company's stock worth $340,000 after purchasing an additional 522 shares during the period. Mariner LLC grew its holdings in Victoria's Secret & Co. by 3.0% in the fourth quarter. Mariner LLC now owns 19,307 shares of the company's stock worth $800,000 after purchasing an additional 569 shares during the period. Canada Pension Plan Investment Board grew its holdings 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 worth $104,000 after purchasing an additional 800 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Victoria's Secret & Co. by 1.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,152 shares of the company's stock worth $2,533,000 after purchasing an additional 1,018 shares during the period. 90.29% of the stock is owned by institutional investors.

Victoria's Secret & Co. Price Performance

Shares of VSCO stock traded up $0.17 on Friday, hitting $20.57. 2,706,663 shares of the stock traded hands, compared to its average volume of 2,977,295. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 1.13 and a beta of 2.18. Victoria's Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The firm has a 50 day simple moving average of $20.47 and a two-hundred day simple moving average of $25.56. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.16 and a quick ratio of 0.33.

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 the consensus estimate of $0.09. The firm had revenue of $1.35 billion for 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%. The company's revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned $0.12 EPS. As a group, equities research analysts predict that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VSCO. UBS Group set a $24.00 price target on shares of Victoria's Secret & Co. and gave the company a "neutral" rating in a report on Friday, May 23rd. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price target on shares of Victoria's Secret & Co. in a report on Wednesday, June 11th. Wells Fargo & Company reiterated an "underweight" rating and set a $15.00 price target (up previously from $12.00) on shares of Victoria's Secret & Co. in a report on Wednesday, May 14th. JPMorgan Chase & Co. increased their price target on shares of Victoria's Secret & Co. from $17.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Finally, Barclays reiterated an "overweight" rating and set a $23.00 price target (up previously from $22.00) 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 assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Victoria's Secret & Co. currently has a consensus 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.