Arrowstreet Capital Limited Partnership Cuts Position in Victoria’s Secret & Co. $VSCO

Arrowstreet Capital Limited Partnership trimmed its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 34.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 514,371 shares of the company’s stock after selling 266,520 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Victoria’s Secret & Co. were worth $9,526,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Virtus Advisers LLC purchased a new position in shares of Victoria’s Secret & Co. in the 1st quarter valued at $30,000. Caitong International Asset Management Co. Ltd acquired a new stake in Victoria’s Secret & Co. in the 2nd quarter valued at $35,000. Fifth Third Bancorp raised its position in Victoria’s Secret & Co. by 75.3% in the second quarter. Fifth Third Bancorp now owns 4,801 shares of the company’s stock valued at $89,000 after purchasing an additional 2,062 shares during the period. Erste Asset Management GmbH lifted its stake in shares of Victoria’s Secret & Co. by 1,824.5% during the first quarter. Erste Asset Management GmbH now owns 8,333 shares of the company’s stock worth $147,000 after purchasing an additional 7,900 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Victoria’s Secret & Co. by 270.6% in the second quarter. GAMMA Investing LLC now owns 9,105 shares of the company’s stock worth $169,000 after buying an additional 6,648 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Price Performance

Shares of VSCO stock opened at $52.45 on Wednesday. The firm has a market cap of $4.21 billion, a P/E ratio of 25.58, a P/E/G ratio of 2.19 and a beta of 2.24. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.30 and a quick ratio of 0.36. Victoria’s Secret & Co. has a 1-year low of $13.76 and a 1-year high of $52.94. The firm has a fifty day moving average of $35.35 and a two-hundred day moving average of $26.56.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.67% and a return on equity of 33.47%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.50) EPS. 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, research analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

VSCO has been the topic of several analyst reports. Wall Street Zen upgraded Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group dropped their price objective on shares of Victoria’s Secret & Co. from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Wells Fargo & Company boosted their target price on shares of Victoria’s Secret & Co. from $14.00 to $17.00 and gave the stock an “underweight” rating in a research report on Friday, August 29th. Telsey Advisory Group upped their target price on shares of Victoria’s Secret & Co. from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Monday. Finally, Cowen reaffirmed a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Monday. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and a consensus target price of $45.00.

About Victoria’s Secret & Co.

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.