Charles Schwab Investment Management Inc. Reduces Holdings in Victoria's Secret & Co. $VSCO

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in Victoria's Secret & Co. by 2.3%, now holding approximately $29.60 million worth of shares.
• The stock of Victoria's Secret & Co. is currently trading at $22.42, reflecting a 1.3% decline and a market capitalization of $1.79 billion.
• Despite a revenue of $1.35 billion for the latest quarter exceeding forecasts, the firm experienced a 0.5% year-over-year decrease in revenue.

Charles Schwab Investment Management Inc. lowered its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,592,877 shares of the company's stock after selling 38,273 shares during the period. Charles Schwab Investment Management Inc. owned 2.03% of Victoria's Secret & Co. worth $29,596,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Victoria's Secret & Co. by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,966,584 shares of the company's stock worth $166,599,000 after buying an additional 38,695 shares during the last quarter. Blueshift Asset Management LLC purchased a new position in Victoria's Secret & Co. during the 1st quarter worth $230,000. US Bancorp DE raised its position in Victoria's Secret & Co. by 335.8% during the 1st quarter. US Bancorp DE now owns 11,409 shares of the company's stock worth $212,000 after buying an additional 8,791 shares during the last quarter. Bayforest Capital Ltd purchased a new position in Victoria's Secret & Co. during the 1st quarter worth $813,000. Finally, Federated Hermes Inc. raised its position in Victoria's Secret & Co. by 330.6% during the 1st quarter. Federated Hermes Inc. now owns 570,073 shares of the company's stock worth $10,592,000 after buying an additional 437,688 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Price Performance

Shares of VSCO traded up $0.7740 during trading hours on Friday, reaching $22.1140. The company had a trading volume of 3,412,160 shares, compared to its average volume of 2,936,720. The firm has a 50 day simple moving average of $20.15 and a 200-day simple moving average of $21.23. The company has a current ratio of 1.16, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.17 and a beta of 2.17. Victoria's Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.09. The business 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 business's revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 EPS. Victoria's Secret & Co. has set its Q2 2025 guidance at 0.000-0.150 EPS. FY 2025 guidance at EPS. Research analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

VSCO has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Victoria's Secret & Co. from $22.00 to $27.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Barclays restated an "overweight" rating and set a $23.00 price objective (up previously from $22.00) on shares of Victoria's Secret & Co. in a research report on Thursday, June 12th. Morgan Stanley restated a "positive" rating on shares of Victoria's Secret & Co. in a research report on Thursday, June 12th. Bank of America cut their price target on shares of Victoria's Secret & Co. from $20.00 to $18.00 and set an "underperform" rating for the company in a report on Thursday, June 12th. Finally, Wells Fargo & Company cut 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 report on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Victoria's Secret & Co. currently has an average rating of "Hold" and a consensus price target of $24.73.

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.