Allianz Asset Management GmbH Purchases 519,481 Shares of Victoria’s Secret & Co. $VSCO

Allianz Asset Management GmbH increased its position in Victoria’s Secret & Co. (NYSE:VSCO) by 106.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,006,679 shares of the company’s stock after acquiring an additional 519,481 shares during the quarter. Allianz Asset Management GmbH owned about 1.26% of Victoria’s Secret & Co. worth $27,321,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VSCO. Caitong International Asset Management Co. Ltd purchased a new position in shares of Victoria’s Secret & Co. in the second quarter worth about $35,000. Hara Capital LLC purchased a new position in Victoria’s Secret & Co. in the 2nd quarter valued at approximately $36,000. State of Wyoming bought a new stake in Victoria’s Secret & Co. during the 3rd quarter valued at $48,000. Lazard Asset Management LLC boosted its holdings in shares of Victoria’s Secret & Co. by 7.7% in the second quarter. Lazard Asset Management LLC now owns 7,258 shares of the company’s stock worth $133,000 after acquiring an additional 521 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Victoria’s Secret & Co. in the second quarter valued at $200,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Trading Down 3.1%

Shares of VSCO stock opened at $58.98 on Friday. The business has a 50-day moving average of $55.59 and a 200 day moving average of $37.44. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.30 and a quick ratio of 0.38. Victoria’s Secret & Co. has a 1-year low of $13.76 and a 1-year high of $66.89. The stock has a market capitalization of $4.73 billion, a PE ratio of 28.77, a P/E/G ratio of 2.30 and a beta of 2.21.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Friday, December 5th. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate 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 business’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($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. As a group, sell-side analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Analysts Set New Price Targets

VSCO has been the subject of several analyst reports. Zacks Research upgraded Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Jefferies Financial Group increased their price target on shares of Victoria’s Secret & Co. from $57.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Morgan Stanley raised shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective for the company in a research note on Friday, December 5th. Wall Street Zen upgraded shares of Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, Guggenheim started coverage on shares of Victoria’s Secret & Co. in a report on Tuesday, December 9th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Victoria’s Secret & Co. presently has an average rating of “Moderate Buy” and an average target price of $55.20.

Victoria’s Secret & Co. Company Profile

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.