Alaska Permanent Fund Corp Sells 21,500 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Alaska Permanent Fund Corp decreased its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 16.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 107,500 shares of the company’s stock after selling 21,500 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Victoria’s Secret & Co. were worth $2,853,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VSCO. CWM LLC increased its holdings in shares of Victoria’s Secret & Co. by 126.8% in the 3rd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $27,000 after buying an additional 914 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter valued at $1,371,000. Handelsbanken Fonder AB purchased a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter valued at $369,000. Peregrine Capital Management LLC boosted its stake in shares of Victoria’s Secret & Co. by 42.7% in the 3rd quarter. Peregrine Capital Management LLC now owns 428,493 shares of the company’s stock valued at $7,147,000 after purchasing an additional 128,305 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter valued at $74,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

NYSE:VSCO traded down $0.01 during midday trading on Wednesday, hitting $17.56. The company’s stock had a trading volume of 1,632,366 shares, compared to its average volume of 2,823,144. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34. Victoria’s Secret & Co. has a fifty-two week low of $13.62 and a fifty-two week high of $32.61. The firm’s 50 day moving average is $21.67 and its 200-day moving average is $22.62. The firm has a market cap of $1.36 billion, a P/E ratio of 12.91, a P/E/G ratio of 1.08 and a beta of 2.07.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.46 by $0.12. Victoria’s Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.09 billion. Equities analysts anticipate that Victoria’s Secret & Co. will post 1.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on VSCO shares. Telsey Advisory Group dropped their price target on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, March 7th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $15.00 price target (down from $22.00) on shares of Victoria’s Secret & Co. in a research note on Thursday, March 7th. BMO Capital Markets reduced their price objective on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Wells Fargo & Company dropped their price target 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. Finally, Bank of America reaffirmed an “underperform” rating and set a $15.00 price target (down previously from $34.00) on shares of Victoria’s Secret & Co. in a report on Friday, March 8th. Three investment 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.00.

Victoria’s Secret & Co. 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.