SG Americas Securities LLC Trims Position in Victoria’s Secret & Co. $VSCO

SG Americas Securities LLC lowered its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 75.6% in the third quarter, Holdings Channel.com reports. The firm owned 19,571 shares of the company’s stock after selling 60,565 shares during the period. SG Americas Securities LLC’s holdings in Victoria’s Secret & Co. were worth $531,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in Victoria’s Secret & Co. during the second quarter worth about $35,000. Hara Capital LLC acquired a new position in shares of Victoria’s Secret & Co. during the 2nd quarter valued at about $36,000. Fifth Third Bancorp lifted its holdings in shares of Victoria’s Secret & Co. by 75.3% during the 2nd quarter. Fifth Third Bancorp now owns 4,801 shares of the company’s stock worth $89,000 after acquiring an additional 2,062 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Victoria’s Secret & Co. by 7.7% during the 2nd 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, 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 acquiring an additional 6,648 shares during the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Stock Performance

NYSE:VSCO opened at $59.73 on Friday. The firm has a 50-day moving average of $51.82 and a two-hundred day moving average of $35.03. 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 stock has a market cap of $4.79 billion, a P/E ratio of 29.13, a PEG ratio of 2.55 and a beta of 2.21. Victoria’s Secret & Co. has a 1-year low of $13.76 and a 1-year high of $66.89.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VSCO shares. JPMorgan Chase & Co. raised shares of 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 research report on Friday, December 5th. Guggenheim initiated coverage on shares of Victoria’s Secret & Co. in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Bank of America raised shares of Victoria’s Secret & Co. from an “underperform” rating to a “neutral” rating and set a $52.00 price target for the company in a research report on Monday, December 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Victoria’s Secret & Co. in a report on Monday, December 29th. Finally, TD Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Monday, December 8th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.60.

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.