The Manufacturers Life Insurance Company Has $735,000 Stock Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

The Manufacturers Life Insurance Company raised its position in Victoria’s Secret & Co. (NYSE:VSCO) by 234.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 41,577 shares of the company’s stock after buying an additional 29,161 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Victoria’s Secret & Co. were worth $735,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of VSCO. PNC Financial Services Group Inc. grew its holdings in Victoria’s Secret & Co. by 5.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock valued at $297,000 after buying an additional 628 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of Victoria’s Secret & Co. by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock worth $663,000 after acquiring an additional 715 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Victoria’s Secret & Co. by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after acquiring an additional 1,000 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in Victoria’s Secret & Co. by 1.8% during the first quarter. Texas Permanent School Fund Corp now owns 67,770 shares of the company’s stock worth $1,313,000 after purchasing an additional 1,205 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Victoria’s Secret & Co. by 8.3% in the second 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 during the period. Institutional investors own 90.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on VSCO shares. Telsey Advisory Group lifted their target price on Victoria’s Secret & Co. from $24.00 to $27.00 and gave the company a “market perform” rating in a research report on Thursday, August 29th. TD Cowen boosted their target price on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, August 30th. The Goldman Sachs Group boosted their price objective on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 30th. Wells Fargo & Company boosted their price objective on Victoria’s Secret & Co. from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Finally, BMO Capital Markets boosted their target price on Victoria’s Secret & Co. from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and an average target price of $23.60.

Victoria’s Secret & Co. Price Performance

VSCO opened at $26.44 on Tuesday. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $30.80. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The stock’s 50 day simple moving average is $23.67 and its 200 day simple moving average is $20.44. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 20.34 and a beta of 2.14.

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

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.