Thrivent Financial for Lutherans Lowers Stake in Victoria’s Secret & Co. (NYSE:VSCO)

Thrivent Financial for Lutherans lessened its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 3.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 64,991 shares of the company’s stock after selling 2,185 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Victoria’s Secret & Co. worth $1,148,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VSCO. Headlands Technologies LLC boosted its position in shares of Victoria’s Secret & Co. by 1,925.3% during the second quarter. Headlands Technologies LLC now owns 8,790 shares of the company’s stock worth $155,000 after buying an additional 8,356 shares during the period. China Universal Asset Management Co. Ltd. purchased a new position in Victoria’s Secret & Co. during the 1st quarter valued at about $234,000. SG Americas Securities LLC boosted its holdings in Victoria’s Secret & Co. by 47.2% during the 1st quarter. SG Americas Securities LLC now owns 14,077 shares of the company’s stock valued at $273,000 after acquiring an additional 4,514 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Victoria’s Secret & Co. by 8.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock valued at $294,000 after acquiring an additional 1,280 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Victoria’s Secret & Co. by 5.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock worth $297,000 after purchasing an additional 628 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO opened at $24.28 on Friday. The stock’s 50-day simple moving average is $22.72 and its 200-day simple moving average is $20.18. The firm has a market capitalization of $1.91 billion, a PE ratio of 18.68 and a beta of 2.14. Victoria’s Secret & Co. has a fifty-two week low of $13.62 and a fifty-two week high of $30.80. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. As a group, equities research analysts forecast that Victoria’s Secret & Co. will post 1.98 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on VSCO. Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. The Goldman Sachs Group upped their price objective on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, August 30th. Bank of America lifted their target price on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Friday, August 30th. Morgan Stanley upped their price target on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company increased their price target on Victoria’s Secret & Co. from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $23.60.

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.