Merit Financial Group LLC Acquires New Position in Victoria’s Secret & Co. $VSCO

Merit Financial Group LLC acquired a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,539 shares of the company’s stock, valued at approximately $340,000.

Other hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Victoria’s Secret & Co. during the 2nd quarter valued at approximately $35,000. Hara Capital LLC purchased a new position in Victoria’s Secret & Co. in the 2nd quarter valued at approximately $36,000. Fifth Third Bancorp raised its holdings in Victoria’s Secret & Co. by 75.3% during the second quarter. Fifth Third Bancorp now owns 4,801 shares of the company’s stock worth $89,000 after purchasing an additional 2,062 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Victoria’s Secret & Co. by 7.7% during the second quarter. Lazard Asset Management LLC now owns 7,258 shares of the company’s stock worth $133,000 after purchasing an additional 521 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Victoria’s Secret & Co. by 270.6% during the second quarter. GAMMA Investing LLC now owns 9,105 shares of the company’s stock worth $169,000 after purchasing an additional 6,648 shares in the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VSCO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded Victoria’s Secret & Co. from a “neutral” rating to an “overweight” rating and raised their price target for the company from $34.00 to $60.00 in a research report on Friday, December 5th. Zacks Research upgraded shares of Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Victoria’s Secret & Co. in a research report on Monday, December 29th. Morgan Stanley upgraded shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and set a $60.00 price target on the stock in a research report on Friday, December 5th. Finally, UBS Group lifted their price objective on Victoria’s Secret & Co. from $60.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.60.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $65.89 on Friday. The stock has a market capitalization of $5.29 billion, a P/E ratio of 32.14, a P/E/G ratio of 2.73 and a beta of 2.21. Victoria’s Secret & Co. has a 12-month low of $13.76 and a 12-month high of $66.89. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.30 and a quick ratio of 0.38. The firm’s 50-day moving average is $46.61 and its two-hundred day moving average is $32.20.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Friday, December 5th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.33. Victoria’s Secret & Co. had a net margin of 2.67% and a return on equity of 33.47%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the firm posted ($0.50) earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. Victoria’s Secret & Co. has set its FY 2025 guidance at 2.400-2.650 EPS and its Q4 2025 guidance at 2.200-2.45 EPS. Equities analysts predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

About Victoria’s Secret & Co.

Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.

The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.