Victoria's Secret & Co. $VSCO Shares Sold by Comerica Bank

Key Points

• Comerica Bank has reduced its stake in Victoria's Secret & Co. by 66.4%, now holding 26,914 shares worth approximately $500,000 after selling 53,101 shares in the first quarter.
• Other institutional investors, like GAMMA Investing LLC, have significantly increased their holdings, with GAMMA boosting its stake by 1,209.6% to own 45,651 shares valued at $848,000.
• Victoria's Secret & Co. reported a 12-month revenue increase of 2.9%, reaching $1.46 billion, and topped earnings estimates with a reported EPS of $0.33 for the most recent quarter.

Comerica Bank reduced its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 66.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,914 shares of the company's stock after selling 53,101 shares during the period. Comerica Bank's holdings in Victoria's Secret & Co. were worth $500,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Quantitative Investment Management LLC purchased a new stake in Victoria's Secret & Co. during the 1st quarter worth approximately $677,000. AlphaQuest LLC purchased a new stake in Victoria's Secret & Co. during the 1st quarter worth approximately $208,000. T. Rowe Price Investment Management Inc. increased its stake in Victoria's Secret & Co. by 18.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,868,817 shares of the company's stock worth $34,723,000 after buying an additional 288,629 shares during the period. Erste Asset Management GmbH increased its stake in Victoria's Secret & Co. by 1,824.5% during the 1st quarter. Erste Asset Management GmbH now owns 8,333 shares of the company's stock worth $147,000 after buying an additional 7,900 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in Victoria's Secret & Co. during the 1st quarter worth approximately $509,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on VSCO. Telsey Advisory Group reissued a "market perform" rating and issued a $24.00 price objective on shares of Victoria's Secret & Co. in a research report on Thursday, August 28th. Wells Fargo & Company increased their price objective on shares of Victoria's Secret & Co. from $14.00 to $17.00 and gave the company an "underweight" rating in a research report on Friday, August 29th. Wall Street Zen raised shares of Victoria's Secret & Co. from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Jefferies Financial Group dropped their price objective on shares of Victoria's Secret & Co. from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Victoria's Secret & Co. from $22.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Victoria's Secret & Co. currently has an average rating of "Hold" and a consensus target price of $26.18.

Victoria's Secret & Co. Stock Down 2.0%

Shares of Victoria's Secret & Co. stock traded down $0.54 during trading hours on Friday, hitting $26.48. The company had a trading volume of 2,818,418 shares, compared to its average volume of 3,206,669. The company's 50-day moving average is $21.66 and its two-hundred day moving average is $20.48. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.14 and a quick ratio of 0.33. The company has a market cap of $2.12 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 1.47 and a beta of 2.20.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its earnings results on Thursday, August 28th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.20. Victoria's Secret & Co. had a net margin of 2.42% and a return on equity of 33.77%. The business had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter in the prior year, the business posted $0.40 EPS. The company's revenue for the quarter was up 2.9% on a year-over-year basis. Victoria's Secret & Co. has set its Q3 2025 guidance at -0.75--0.550 EPS. FY 2025 guidance at EPS. Analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal 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.