Royce & Associates LP Has $10.83 Million Stock Position in Victoria’s Secret & Co. $VSCO

Royce & Associates LP lifted its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 11.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 398,992 shares of the company’s stock after purchasing an additional 40,155 shares during the period. Royce & Associates LP owned 0.50% of Victoria’s Secret & Co. worth $10,829,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Baird Financial Group Inc. acquired a new position in Victoria’s Secret & Co. during the first quarter worth $233,000. Royal Bank of Canada grew its position in shares of Victoria’s Secret & Co. by 279.1% in the 1st quarter. Royal Bank of Canada now owns 47,839 shares of the company’s stock valued at $888,000 after acquiring an additional 35,220 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Victoria’s Secret & Co. by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,949 shares of the company’s stock worth $1,170,000 after purchasing an additional 1,797 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of Victoria’s Secret & Co. by 13.2% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 18,266 shares of the company’s stock valued at $338,000 after purchasing an additional 2,133 shares during the period. Finally, Bank of Montreal Can raised 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 valued at $523,000 after purchasing an additional 8,892 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on VSCO. Wall Street Zen upgraded Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Guggenheim initiated coverage on Victoria’s Secret & Co. in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. Morgan Stanley upgraded Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and set a $60.00 price target on the stock in a research note on Friday, December 5th. Bank of America raised shares of Victoria’s Secret & Co. from an “underperform” rating to a “neutral” rating and set a $52.00 price objective for the company in a research report on Monday, December 8th. Finally, Jefferies Financial Group increased their price objective 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. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.00.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE VSCO opened at $61.93 on Wednesday. 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’s fifty day moving average price is $59.44 and its two-hundred day moving average price is $42.77. Victoria’s Secret & Co. has a one year low of $13.76 and a one year high of $66.89. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 2.26 and a beta of 2.19.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its earnings results on Friday, December 5th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.33. Victoria’s Secret & Co. had a return on equity of 33.47% and a net margin of 2.67%.The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the firm earned ($0.50) earnings per share. The company’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. On average, equities analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

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.