New Jersey State Joint Pension Fund D sells 3,870 shares of Victoria’s Secret & Co. (NYSE: VSCO)

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State of New Jersey Common Pension Fund D reduced its holdings of Victoria’s Secret & Co. stock (NYSE: VSCOGet a rating) by 6.7% during the first quarter, Holdings Channel.com reports. The company held 53,751 shares of the company after selling 3,870 shares during the period. The New Jersey State Joint Pension Fund D’s holdings in Victoria’s Secret & Co. were worth $2,761,000 when it was last filed with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold VSCO shares. AlphaCentric Advisors LLC bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth $35,000. Bessemer Group Inc. increased its position in Victoria’s Secret & Co. by 10,416.7% during the fourth quarter. Bessemer Group Inc. now owns 631 shares of the company valued at $35,000 after purchasing an additional 625 shares during the period. UMB Bank NA MO acquired a new stake in Victoria’s Secret & Co. during the fourth quarter worth $45,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Victoria’s Secret & Co. during the fourth quarter valued at $169,000. Finally, ETF Managers Group LLC increased its position in Victoria’s Secret & Co. shares by 5.0% in the fourth quarter. ETF Managers Group LLC now owns 3,685 shares of the company valued at $204,000 after purchasing an additional 174 shares during the period. Hedge funds and other institutional investors hold 99.23% of the company’s shares.

Victoria’s Secret & Co. up 2.2%

VSCO opened at $36.96 on Friday. Victoria’s Secret & Co. has a 52 week minimum of $26.14 and a 52 week maximum of $76.00. The company has a quick ratio of 0.32, a current ratio of 1.04 and a debt ratio of 3.89. The company has a market capitalization of $3.07 billion and a P/E ratio of 6.01. The company’s 50-day moving average is $34.20 and its 200-day moving average is $45.70.

Victoria’s Secret & Co. (NYSE: VSCOGet a rating) last released its quarterly earnings data on Tuesday, May 31. The company reported EPS of $1.11 for the quarter, beating analyst consensus estimates of $0.85 by $0.26. The company posted revenue of $1.48 billion in the quarter, versus a consensus estimate of $1.47 billion. Victoria’s Secret & Co. had a net margin of 8.24% and a return on equity of 138.53%. The company’s quarterly revenue was down 4.5% year over year. Analysts expect Victoria’s Secret & Co. to post EPS of 6.86 for the current fiscal year.

A Wall Street analyst gives his opinion

Several equity analysts have recently weighed in on the stock. Barclays lowered its price target on Victoria’s Secret & Co. shares from $61.00 to $60.00 and set an “overweight” rating on the stock in a Thursday, June 2 research note. UBS Group lowered its price target on Victoria’s Secret & Co. shares from $49.00 to $31.00 in a Friday, July 15 research note. B. Riley lowered his price target on Victoria’s Secret & Co. stock from $77.00 to $63.00 and set a “buy” rating for the company in a Thursday, June 2 report. Telsey Advisory Group lowered its price target on Victoria’s Secret & Co. shares from $55.00 to $35.00 and set a “market performance” rating for the company in a Wednesday, July 13 report. Finally, Wells Fargo & Company lowered its price target on Victoria’s Secret & Co. stock from $70.00 to $60.00 and set an “overweight” rating for the company in a Wednesday, June 1 report. Three research analysts rated the stock with a hold rating and seven gave the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.45.

About Victoria’s Secret & Co.

(Get a rating)

Victoria’s Secret & Co is a specialty retailer of intimate, personal care and beauty products for women worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, activewear and swimwear, as well as fragrances, body care products and accessories under Victoria’s Secret and PINK brands.

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Want to see which other hedge funds hold VSCO? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Victoria’s Secret & Co. (NYSE: VSCOGet a rating).

Institutional ownership by quarter for Victoria's Secret & Co. (NYSE: VSCO)



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