Broad Bay Capital Management LP Has $18.61 Million Stock Holdings in Victoria's Secret & Co. $VSCO

Key Points

• Broad Bay Capital Management LP increased its stake in Victoria's Secret & Co. by 50.2% in the first quarter, now holding over 1 million shares valued at approximately $18.6 million.
• Victoria's Secret & Co. recently reported an earnings per share (EPS) of $0.33 for the quarter, surpassing estimates and showing a 2.9% year-over-year revenue increase.
• The stock has received mixed ratings from analysts, with an average price target of $24.73 and a consensus rating of "Hold".

Broad Bay Capital Management LP grew its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 50.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,001,819 shares of the company's stock after buying an additional 334,785 shares during the quarter. Victoria's Secret & Co. accounts for about 2.7% of Broad Bay Capital Management LP's investment portfolio, making the stock its 16th largest holding. Broad Bay Capital Management LP owned about 1.27% of Victoria's Secret & Co. worth $18,614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in Victoria's Secret & Co. by 7.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 18,187 shares of the company's stock worth $753,000 after purchasing an additional 1,198 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Victoria's Secret & Co. by 16.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,377,220 shares of the company's stock worth $57,048,000 after buying an additional 196,155 shares during the period. Tower Research Capital LLC TRC increased its position in Victoria's Secret & Co. by 148.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,464 shares of the company's stock worth $392,000 after buying an additional 5,661 shares during the period. Price T Rowe Associates Inc. MD increased its position in Victoria's Secret & Co. by 10.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 60,300 shares of the company's stock worth $2,498,000 after buying an additional 5,495 shares during the period. Finally, Northern Trust Corp increased its position in Victoria's Secret & Co. by 10.2% in the fourth quarter. Northern Trust Corp now owns 896,274 shares of the company's stock worth $37,124,000 after buying an additional 82,729 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VSCO has been the subject of several recent analyst reports. Morgan Stanley reissued a "positive" rating on shares of Victoria's Secret & Co. in a research note on Thursday, June 12th. UBS Group increased their price target on Victoria's Secret & Co. from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday. Wells Fargo & Company upped their price objective on Victoria's Secret & Co. from $14.00 to $17.00 and gave the company an "underweight" rating in a report on Friday. Barclays upped their price objective on Victoria's Secret & Co. from $23.00 to $27.00 and gave the company an "overweight" rating in a report on Friday. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price objective on shares of Victoria's Secret & Co. in a research report on Thursday, August 28th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Victoria's Secret & Co. presently has an average rating of "Hold" and a consensus target price of $25.45.

Victoria's Secret & Co. Stock Down 2.7%

Shares of NYSE:VSCO traded down $0.62 on Tuesday, reaching $22.41. The company had a trading volume of 2,833,024 shares, compared to its average volume of 3,457,878. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The stock has a 50-day moving average price of $20.63 and a 200 day moving average price of $20.63. The stock has a market capitalization of $1.79 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.26 and a beta of 2.19. 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. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.20. The company had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.40 billion. Victoria's Secret & Co. had a return on equity of 35.37% and a net margin of 2.42%.The business's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Victoria's Secret & Co. has set its Q3 2025 guidance at -0.75--0.550 EPS. FY 2025 guidance at EPS. On average, equities analysts expect that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Victoria's Secret & Co. 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.