50,000 Shares in Victoria’s Secret & Co. $VSCO Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc bought a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 50,000 shares of the company’s stock, valued at approximately $1,459,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Optimize Financial Inc acquired a new stake in Victoria’s Secret & Co. during the 3rd quarter worth about $617,000. Public Sector Pension Investment Board raised its holdings in shares of Victoria’s Secret & Co. by 14.5% during the third quarter. Public Sector Pension Investment Board now owns 311,502 shares of the company’s stock valued at $8,454,000 after acquiring an additional 39,356 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Victoria’s Secret & Co. during the second quarter valued at approximately $200,000. Y Intercept Hong Kong Ltd lifted its position in shares of Victoria’s Secret & Co. by 362.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 84,410 shares of the company’s stock valued at $2,291,000 after acquiring an additional 66,144 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. boosted its stake in 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 during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Trading Down 0.5%

Shares of NYSE VSCO opened at $62.03 on Thursday. The business has a 50 day simple moving average of $58.83 and a 200 day simple moving average of $41.48. Victoria’s Secret & Co. has a 52 week low of $13.76 and a 52 week high of $66.89. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 2.35 and a beta of 2.21. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.38 and a current ratio of 1.30.

Victoria’s Secret & Co. (NYSE:VSCO) last posted 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 firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations 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 was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($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 predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VSCO shares. JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $34.00 to $60.00 in a research report on Friday, December 5th. The Goldman Sachs Group lifted their price target on Victoria’s Secret & Co. from $47.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Weiss Ratings raised Victoria’s Secret & Co. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. Morgan Stanley raised Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and set a $60.00 target price on the stock in a research note on Friday, December 5th. Finally, Zacks Research downgraded Victoria’s Secret & Co. from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.20.

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.