Maryland State Retirement & Pension System Sells 11,983 Shares of Victoria’s Secret & Co. $VSCO

Maryland State Retirement & Pension System lessened its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 51.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,480 shares of the company’s stock after selling 11,983 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Victoria’s Secret & Co. were worth $312,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in VSCO. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Victoria’s Secret & Co. in the second quarter worth approximately $200,000. Vestmark Advisory Solutions Inc. lifted its holdings in shares of Victoria’s Secret & Co. by 219.3% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 55,542 shares of the company’s stock worth $1,029,000 after purchasing an additional 38,149 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Victoria’s Secret & Co. by 45.9% in the 2nd quarter. Bank of Montreal Can now owns 28,266 shares of the company’s stock worth $523,000 after purchasing an additional 8,892 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Victoria’s Secret & Co. in the 2nd quarter valued at $710,000. Finally, State of Alaska Department of Revenue increased its stake in Victoria’s Secret & Co. by 9.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 47,585 shares of the company’s stock valued at $880,000 after purchasing an additional 4,021 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VSCO shares. Barclays reaffirmed an “overweight” rating on shares of Victoria’s Secret & Co. in a research note on Tuesday, January 6th. The Goldman Sachs Group upped their target price on shares of Victoria’s Secret & Co. from $32.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Jefferies Financial Group raised their price target on shares of Victoria’s Secret & Co. from $57.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Victoria’s Secret & Co. in a research note on Monday, December 29th. Finally, Telsey Advisory Group raised Victoria’s Secret & Co. from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $50.00 to $66.00 in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.60.

Victoria’s Secret & Co. Stock Down 4.1%

Victoria’s Secret & Co. stock opened at $59.73 on Friday. Victoria’s Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $66.89. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.38 and a current ratio of 1.30. The firm’s 50-day simple moving average is $51.82 and its 200 day simple moving average is $35.14. The stock has a market cap of $4.79 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.45 and a beta of 2.21.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its 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. 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 for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the firm earned ($0.50) EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. 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. Research analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

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.