Victoria’s Secret & Co. $VSCO Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lowered its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,855,400 shares of the company’s stock after selling 116,933 shares during the period. Primecap Management Co. CA owned approximately 2.31% of Victoria’s Secret & Co. worth $50,356,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State of Wyoming acquired a new position in shares of Victoria’s Secret & Co. in the 3rd quarter worth $48,000. Hara Capital LLC acquired a new position in shares of Victoria’s Secret & Co. in the 2nd quarter valued at $36,000. Lazard Asset Management LLC increased its stake in Victoria’s Secret & Co. by 7.7% in the 2nd quarter. Lazard Asset Management LLC now owns 7,258 shares of the company’s stock worth $133,000 after purchasing an additional 521 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Victoria’s Secret & Co. in the 2nd quarter worth about $200,000. Finally, Savvy Advisors Inc. raised its holdings in Victoria’s Secret & Co. by 9.9% during the 2nd quarter. Savvy Advisors Inc. now owns 11,549 shares of the company’s stock worth $214,000 after buying an additional 1,039 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on VSCO shares. Wells Fargo & Company set a $45.00 target price on shares of Victoria’s Secret & Co. and gave the stock an “equal weight” rating in a report on Tuesday, December 16th. Wall Street Zen upgraded shares of Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Jefferies Financial Group lifted their price objective on shares of Victoria’s Secret & Co. from $57.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. TD Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Monday, December 8th. Finally, Bank of America upgraded Victoria’s Secret & Co. from an “underperform” rating to a “neutral” rating and set a $52.00 target price for the company in a report on Monday, December 8th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.20.

Victoria’s Secret & Co. Stock Up 5.7%

Victoria’s Secret & Co. stock opened at $65.69 on Friday. Victoria’s Secret & Co. has a twelve month low of $13.76 and a twelve month 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 has a market cap of $5.27 billion, a PE ratio of 32.04, a P/E/G ratio of 2.34 and a beta of 2.21. The firm’s 50 day moving average price is $59.06 and its two-hundred day moving average price is $41.65.

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. Victoria’s Secret & Co. had a net margin of 2.67% and a return on equity of 33.47%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business posted ($0.50) EPS. The company’s revenue for the quarter 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, research analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

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.