Victoria’s Secret & Co. (NYSE:VSCO) Stock Holdings Decreased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its position in Victoria’s Secret & Co. (NYSE:VSCO) by 9.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,756 shares of the company’s stock after selling 3,503 shares during the period. Public Employees Retirement System of Ohio’s holdings in Victoria’s Secret & Co. were worth $563,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Citigroup Inc. lifted its position in Victoria’s Secret & Co. by 478.4% in the 3rd quarter. Citigroup Inc. now owns 199,668 shares of the company’s stock worth $3,330,000 after buying an additional 165,147 shares in the last quarter. American Century Companies Inc. lifted its position in Victoria’s Secret & Co. by 14.2% in the 3rd quarter. American Century Companies Inc. now owns 76,303 shares of the company’s stock worth $1,273,000 after buying an additional 9,502 shares in the last quarter. Comerica Bank purchased a new stake in Victoria’s Secret & Co. in the 3rd quarter worth approximately $598,000. Creative Planning purchased a new stake in Victoria’s Secret & Co. in the 3rd quarter worth approximately $218,000. Finally, Morgan Stanley lifted its position in Victoria’s Secret & Co. by 29.6% in the 3rd quarter. Morgan Stanley now owns 6,019,515 shares of the company’s stock worth $100,406,000 after buying an additional 1,376,294 shares in the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Price Performance

Shares of Victoria’s Secret & Co. stock opened at $18.94 on Thursday. The firm has a fifty day simple moving average of $24.78 and a 200-day simple moving average of $22.39. The company has a current ratio of 0.95, a quick ratio of 0.31 and a debt-to-equity ratio of 2.56. Victoria’s Secret & Co. has a 1-year low of $13.62 and a 1-year high of $34.97. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.16 and a beta of 2.17.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VSCO shares. Wells Fargo & Company cut their target price on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, March 7th. Bank of America restated an “underperform” rating and set a $15.00 price target (down previously from $34.00) on shares of Victoria’s Secret & Co. in a research note on Friday, March 8th. Morgan Stanley raised their price target on shares of Victoria’s Secret & Co. from $16.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, December 1st. Telsey Advisory Group cut their price target on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, March 7th. Finally, BMO Capital Markets cut their price target on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.00.

Victoria’s Secret & Co. Company Profile

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.