AlphaQuest LLC Sells 9,917 Shares of Victoria’s Secret & Co. $VSCO

AlphaQuest LLC lowered its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 62.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,927 shares of the company’s stock after selling 9,917 shares during the period. AlphaQuest LLC’s holdings in Victoria’s Secret & Co. were worth $161,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of VSCO. Baird Financial Group Inc. bought a new stake in Victoria’s Secret & Co. in the 1st quarter valued at $233,000. Royal Bank of Canada boosted its stake in shares of Victoria’s Secret & Co. by 279.1% in the first quarter. Royal Bank of Canada now owns 47,839 shares of the company’s stock valued at $888,000 after buying an additional 35,220 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Victoria’s Secret & Co. by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,949 shares of the company’s stock valued at $1,170,000 after acquiring an additional 1,797 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Victoria’s Secret & Co. by 35.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,314 shares of the company’s stock worth $284,000 after purchasing an additional 3,992 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in Victoria’s Secret & Co. by 382.1% in the second quarter. Allianz Asset Management GmbH now owns 487,198 shares of the company’s stock valued at $9,023,000 after purchasing an additional 386,135 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on VSCO. JPMorgan Chase & Co. raised Victoria’s Secret & Co. from a “neutral” rating to an “overweight” rating and raised their target price for the company from $34.00 to $60.00 in a report on Friday, December 5th. Morgan Stanley upgraded 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 report on Friday, December 5th. Jefferies Financial Group boosted their target price on shares of Victoria’s Secret & Co. from $57.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Weiss Ratings upgraded Victoria’s Secret & Co. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. Finally, The Goldman Sachs Group boosted their price target on Victoria’s Secret & Co. from $47.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.20.

Victoria’s Secret & Co. Price Performance

Shares of VSCO opened at $56.28 on Thursday. The stock has a market cap of $4.52 billion, a P/E ratio of 27.45, a P/E/G ratio of 2.23 and a beta of 2.21. The business’s fifty day moving average is $56.98 and its 200 day moving average is $38.64. The company has a quick ratio of 0.38, a current ratio of 1.30 and a debt-to-equity ratio of 1.96. Victoria’s Secret & Co. has a 12-month low of $13.76 and a 12-month high of $66.89.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data 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. Victoria’s Secret & Co. had a net margin of 2.67% and a return on equity of 33.47%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the company earned ($0.50) earnings per share. The business’s revenue was up 9.2% on a year-over-year basis. 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. Sell-side analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Victoria’s Secret & Co. 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.