ARGA Investment Management LP Cuts Stock Holdings in Victoria’s Secret & Co. $VSCO

ARGA Investment Management LP lowered its position in Victoria’s Secret & Co. (NYSE:VSCO) by 19.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,223 shares of the company’s stock after selling 17,425 shares during the period. ARGA Investment Management LP owned about 0.09% of Victoria’s Secret & Co. worth $1,906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in VSCO. KLP Kapitalforvaltning AS raised its stake in shares of Victoria’s Secret & Co. by 19.4% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 16,000 shares of the company’s stock worth $434,000 after buying an additional 2,600 shares in the last quarter. Merit Financial Group LLC purchased a new position in Victoria’s Secret & Co. in the third quarter worth $340,000. CWM LLC lifted its holdings in Victoria’s Secret & Co. by 11.1% in the third quarter. CWM LLC now owns 15,909 shares of the company’s stock valued at $432,000 after acquiring an additional 1,591 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Victoria’s Secret & Co. by 66.0% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 19,886 shares of the company’s stock worth $540,000 after purchasing an additional 7,906 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in shares of Victoria’s Secret & Co. by 47.0% during the 2nd quarter. Corient Private Wealth LLC now owns 22,788 shares of the company’s stock worth $422,000 after purchasing an additional 7,284 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Down 4.1%

Shares of NYSE VSCO opened at $59.73 on Friday. The stock has a market capitalization of $4.79 billion, a PE ratio of 29.13, a P/E/G ratio of 2.55 and a beta of 2.21. The company has a quick ratio of 0.38, a current ratio of 1.30 and a debt-to-equity ratio of 1.96. The firm has a fifty day moving average of $51.82 and a 200-day moving average of $35.03. Victoria’s Secret & Co. has a 52-week low of $13.76 and a 52-week high of $66.89.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Friday, December 5th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.33. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 33.47% and a net margin of 2.67%.The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.50) earnings per share. 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. On average, analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VSCO. TD Cowen reiterated a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Monday, December 8th. Zacks Research upgraded shares of Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. upgraded Victoria’s Secret & Co. from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $34.00 to $60.00 in a report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Victoria’s Secret & Co. in a report on Monday, December 29th. Finally, Barclays reiterated an “overweight” rating on shares of Victoria’s Secret & Co. in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Victoria’s Secret & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.60.

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.