Alaska Permanent Fund Corp Has $2.85 Million Stock Position in Victoria’s Secret & Co. (NYSE:VSCO)

Alaska Permanent Fund Corp lowered its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 16.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 107,500 shares of the company’s stock after selling 21,500 shares during the period. Alaska Permanent Fund Corp owned approximately 0.14% of Victoria’s Secret & Co. worth $2,853,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of VSCO. CWM LLC grew its stake in Victoria’s Secret & Co. by 126.8% in the 3rd quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $27,000 after buying an additional 914 shares during the last quarter. SG Americas Securities LLC acquired a new position in Victoria’s Secret & Co. in the 3rd quarter valued at about $1,371,000. Handelsbanken Fonder AB acquired a new position in Victoria’s Secret & Co. in the 3rd quarter valued at about $369,000. Peregrine Capital Management LLC grew its position in shares of Victoria’s Secret & Co. by 42.7% during the 3rd quarter. Peregrine Capital Management LLC now owns 428,493 shares of the company’s stock worth $7,147,000 after purchasing an additional 128,305 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in shares of Victoria’s Secret & Co. during the third quarter worth approximately $74,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO traded down $0.01 during trading hours on Wednesday, hitting $17.56. 1,632,366 shares of the stock were exchanged, compared to its average volume of 2,823,144. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.34 and a current ratio of 0.95. The company has a market cap of $1.36 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 1.08 and a beta of 2.07. The company’s fifty day simple moving average is $21.67 and its two-hundred day simple moving average is $22.62. Victoria’s Secret & Co. has a 1-year low of $13.62 and a 1-year high of $32.61.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.12. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.09 billion. On average, sell-side analysts predict that Victoria’s Secret & Co. will post 1.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VSCO. BMO Capital Markets lowered their target price 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. Bank of America reaffirmed an “underperform” rating and set a $15.00 target price (down from $34.00) on shares of Victoria’s Secret & Co. in a report on Friday, March 8th. Telsey Advisory Group lowered their target price 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. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $15.00 target price (down from $22.00) on shares of Victoria’s Secret & Co. in a report on Thursday, March 7th. Finally, Wells Fargo & Company lowered their target price on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, March 7th. Three equities 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. According to MarketBeat.com, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and an average price target of $22.00.

About Victoria’s Secret & Co.

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.