Brandywine Global Investment Management LLC Takes Position in Victoria's Secret & Co. $VSCO

Key Points

• Brandywine Global Investment Management LLC has acquired a new position in Victoria's Secret & Co., purchasing 286,440 shares valued at approximately $5.32 million, representing 0.36% ownership.
• Other institutional investors, including Vanguard Group Inc. and Victory Capital Management Inc., have also increased their stakes in the company, indicating growing interest among large investors.
• Victoria's Secret reported a quarterly earnings EPS of $0.09, meeting expectations, with revenue of $1.35 billion, slightly above the consensus estimate, despite a 0.5% decrease compared to the same quarter last year.

Brandywine Global Investment Management LLC purchased a new stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 286,440 shares of the company's stock, valued at approximately $5,322,000. Brandywine Global Investment Management LLC owned approximately 0.36% of Victoria's Secret & Co. at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. NBC Securities Inc. grew its position in Victoria's Secret & Co. by 141,000.0% in the first quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock worth $52,000 after acquiring an additional 2,820 shares in the last quarter. Allworth Financial LP grew its position in Victoria's Secret & Co. by 677.4% in the first quarter. Allworth Financial LP now owns 3,063 shares of the company's stock worth $57,000 after acquiring an additional 2,669 shares in the last quarter. KBC Group NV grew its position in Victoria's Secret & Co. by 40.8% in the first quarter. KBC Group NV now owns 3,904 shares of the company's stock worth $73,000 after acquiring an additional 1,132 shares in the last quarter. CoreCap Advisors LLC grew its position in Victoria's Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock worth $85,000 after acquiring an additional 1,955 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in Victoria's Secret & Co. by 107.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,093 shares of the company's stock worth $91,000 after acquiring an additional 2,634 shares in the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on VSCO shares. Bank of America cut their target price on shares of Victoria's Secret & Co. from $20.00 to $18.00 and set an "underperform" rating for the company in a research report on Thursday, June 12th. Wells Fargo & Company lowered their price target on shares of Victoria's Secret & Co. from $15.00 to $14.00 and set an "underweight" rating for the company in a research note on Monday, August 4th. Morgan Stanley reissued a "positive" rating on shares of Victoria's Secret & Co. in a research note on Thursday, June 12th. The Goldman Sachs Group reissued a "sell" rating and issued a $15.00 price target on shares of Victoria's Secret & Co. in a research note on Wednesday, June 4th. Finally, UBS Group lowered their price target on shares of Victoria's Secret & Co. from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Victoria's Secret & Co. has a consensus rating of "Hold" and an average target price of $24.73.

Victoria's Secret & Co. Trading Down 3.1%

Shares of NYSE:VSCO traded down $0.6780 during midday trading on Thursday, hitting $21.3320. 1,723,252 shares of the stock traded hands, compared to its average volume of 3,431,192. The stock has a market capitalization of $1.70 billion, a PE ratio of 10.67, a P/E/G ratio of 1.22 and a beta of 2.17. The business's 50 day moving average is $20.05 and its two-hundred day moving average is $21.41. The company has a quick ratio of 0.33, a current ratio of 1.16 and a debt-to-equity ratio of 1.60. Victoria's Secret & Co. has a one year low of $13.76 and a one year high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Victoria's Secret & Co. had a net margin of 2.69% and a return on equity of 37.76%. The company's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 earnings per share. Victoria's Secret & Co. has set its Q2 2025 guidance at 0.000-0.150 EPS. FY 2025 guidance at EPS. As a group, research analysts forecast that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Victoria's Secret & Co. Company Profile

Victoria's Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.