57,908 Shares in Victoria’s Secret & Co. (NYSE:VSCO) Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D acquired a new position in Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, Holdings Channel reports. The firm acquired 57,908 shares of the company’s stock, valued at approximately $2,399,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in Victoria’s Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after buying an additional 1,636,602 shares in the last quarter. Forest Avenue Capital Management LP purchased a new stake in Victoria’s Secret & Co. in the 3rd quarter worth approximately $40,861,000. Two Sigma Advisers LP lifted its position in Victoria’s Secret & Co. by 172.0% in the 3rd quarter. Two Sigma Advisers LP now owns 503,003 shares of the company’s stock worth $12,927,000 after buying an additional 318,099 shares in the last quarter. Castellan Group purchased a new stake in Victoria’s Secret & Co. in the 3rd quarter worth approximately $6,218,000. Finally, Weiss Asset Management LP purchased a new stake in Victoria’s Secret & Co. in the 3rd quarter worth approximately $4,397,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

NYSE:VSCO opened at $29.27 on Friday. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $48.73. The firm’s fifty day simple moving average is $37.83 and its 200 day simple moving average is $32.08. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The firm has a market capitalization of $2.30 billion, a PE ratio of 15.17, a PEG ratio of 1.22 and a beta of 2.11.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business posted ($0.86) EPS. Victoria’s Secret & Co.’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VSCO. The Goldman Sachs Group cut their target price on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating for the company in a research report on Thursday, January 30th. TD Cowen increased 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 research report on Monday, December 9th. Telsey Advisory Group cut their target price on shares of Victoria’s Secret & Co. from $50.00 to $40.00 and set a “market perform” rating for the company in a research report on Thursday, January 30th. JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $29.00 to $45.00 in a research report on Monday, December 9th. Finally, BMO Capital Markets raised their price target on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $42.36.

Victoria’s Secret & Co. 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.