Charles Schwab Investment Management Inc. Grows Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

Charles Schwab Investment Management Inc. raised its position in Victoria’s Secret & Co. (NYSE:VSCO) by 1.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,631,150 shares of the company’s stock after buying an additional 22,684 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.07% of Victoria’s Secret & Co. worth $67,562,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC boosted its position in shares of Victoria’s Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after buying an additional 1,636,602 shares in the last quarter. Geode Capital Management LLC increased its position in Victoria’s Secret & Co. by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock worth $46,121,000 after purchasing an additional 24,967 shares in the last quarter. Forest Avenue Capital Management LP purchased a new stake in shares of Victoria’s Secret & Co. during the third quarter valued at approximately $40,861,000. Two Sigma Advisers LP raised its stake in shares of Victoria’s Secret & Co. by 172.0% during the third quarter. Two Sigma Advisers LP now owns 503,003 shares of the company’s stock valued at $12,927,000 after purchasing an additional 318,099 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Victoria’s Secret & Co. by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 381,419 shares of the company’s stock worth $15,798,000 after buying an additional 11,909 shares during the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Stock Down 2.7 %

Shares of VSCO stock opened at $16.34 on Wednesday. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.73. The firm has a market cap of $1.28 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The stock has a 50 day moving average of $32.75 and a 200-day moving average of $32.46. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. On average, equities analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on VSCO. Wells Fargo & Company decreased their price objective on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Telsey Advisory Group dropped their price target on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. cut their price objective on Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Cowen reaffirmed a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Friday. Finally, Barclays lowered their price target on Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.73.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.