Teacher Retirement System of Texas Purchases 69,229 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Teacher Retirement System of Texas boosted its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 201.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,596 shares of the company's stock after acquiring an additional 69,229 shares during the quarter. Teacher Retirement System of Texas owned 0.13% of Victoria's Secret & Co. worth $4,291,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Victoria's Secret & Co. by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock worth $144,000 after acquiring an additional 326 shares during the period. The Manufacturers Life Insurance Company raised its position in Victoria's Secret & Co. by 1.0% in the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company's stock worth $1,079,000 after acquiring an additional 412 shares in the last quarter. Picton Mahoney Asset Management lifted its holdings in Victoria's Secret & Co. by 6.5% in the 4th quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company's stock valued at $322,000 after acquiring an additional 477 shares during the last quarter. Virtus Fund Advisers LLC acquired a new position in shares of Victoria's Secret & Co. in the 3rd quarter worth approximately $27,000. Finally, New York State Common Retirement Fund grew its stake in shares of Victoria's Secret & Co. by 4.4% in the 4th quarter. New York State Common Retirement Fund now owns 26,478 shares of the company's stock worth $1,097,000 after purchasing an additional 1,117 shares during the last quarter. Institutional investors own 90.29% of the company's stock.

Remove Ads

Insiders Place Their Bets

In related news, major shareholder International Pte Ltd Bbrc bought 542,000 shares of Victoria's Secret & Co. stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $17.32 per share, for a total transaction of $9,387,440.00. Following the acquisition, the insider now owns 8,695,019 shares in the company, valued at $150,597,729.08. This trade represents a 6.65 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

VSCO has been the subject of a number of research reports. TD Cowen raised their target price on shares of Victoria's Secret & Co. from $35.00 to $45.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Morgan Stanley decreased their target price on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. The Goldman Sachs Group reduced their target price on Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating for the company in a report on Monday, March 10th. UBS Group decreased their target price on shares of Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Finally, Wells Fargo & Company lowered their price target on Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Victoria's Secret & Co. currently has a consensus rating of "Hold" and an average price target of $31.73.

Victoria's Secret & Co. Stock Down 0.2 %

Shares of Victoria's Secret & Co. stock traded down $0.04 during trading on Thursday, hitting $19.51. 2,016,960 shares of the stock traded hands, compared to its average volume of 2,709,857. The stock has a market cap of $1.53 billion, a P/E ratio of 10.11, a PEG ratio of 1.15 and a beta of 2.16. The company has a fifty day moving average price of $28.31 and a two-hundred day moving average price of $32.02. Victoria's Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Equities research analysts predict that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

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.