Comerica Bank Lowers Stock Position in Victoria's Secret & Co. $VSCO

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 lowered its position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 66.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,914 shares of the company's stock after selling 53,101 shares during the quarter. Comerica Bank's holdings in Victoria's Secret & Co. were worth $500,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Victoria's Secret & Co. by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,966,584 shares of the company's stock valued at $166,599,000 after purchasing an additional 38,695 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Victoria's Secret & Co. by 18.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,868,817 shares of the company's stock valued at $34,723,000 after purchasing an additional 288,629 shares in the last quarter. Victory Capital Management Inc. grew its position in Victoria's Secret & Co. by 54.2% in the first quarter. Victory Capital Management Inc. now owns 1,430,016 shares of the company's stock worth $26,570,000 after acquiring an additional 502,622 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Victoria's Secret & Co. during the fourth quarter worth $37,693,000. Finally, Invesco Ltd. boosted its position in shares of Victoria's Secret & Co. by 13.6% during the first quarter. Invesco Ltd. now owns 715,836 shares of the company's stock worth $13,300,000 after buying an additional 85,874 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on VSCO. Telsey Advisory Group restated a "market perform" rating and set a $24.00 price target on shares of Victoria's Secret & Co. in a research report on Thursday, August 28th. The Goldman Sachs Group lifted their target price on Victoria's Secret & Co. from $16.00 to $18.00 and gave the company a "sell" rating in a report on Friday, August 29th. Wells Fargo & Company lifted their target price on Victoria's Secret & Co. from $14.00 to $17.00 and gave the company an "underweight" rating in a report on Friday, August 29th. Morgan Stanley reiterated a "positive" rating on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. Finally, UBS Group lifted their target price on Victoria's Secret & Co. from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Four equities research 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. According to MarketBeat.com, Victoria's Secret & Co. currently has a consensus rating of "Hold" and a consensus target price of $25.45.

Victoria's Secret & Co. Stock Up 4.0%

NYSE VSCO traded up $1.04 during trading on Thursday, reaching $26.70. 1,882,240 shares of the company's stock were exchanged, compared to its average volume of 3,452,578. The stock has a market cap of $2.14 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 1.39 and a beta of 2.20. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.33 and a current ratio of 1.14. The company has a 50 day moving average price of $21.41 and a two-hundred day moving average price of $20.51. Victoria's Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.20. Victoria's Secret & Co. had a return on equity of 33.77% and a net margin of 2.42%.The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the business earned $0.40 EPS. The business's quarterly revenue 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. On average, equities research analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal 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.