Fred Alger Management LLC Sells 114,295 Shares of Victoria's Secret & Co. $VSCO

Key Points

• Fred Alger Management LLC reduced its stake in Victoria's Secret & Co. by 41.9%, holding approximately 0.20% of the company after selling over 114,000 shares during the first quarter.
• Victoria's Secret's stock is currently priced at $25.56, with a market cap of $2.05 billion and notable earnings per share of $0.33 for the last quarter, surpassing analysts' expectations.
• Several analysts have recently adjusted their target prices for Victoria's Secret, with JPMorgan raising their target from $22.00 to $27.00, while the consensus target price stands at $25.45.

Fred Alger Management LLC lessened its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 41.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,652 shares of the company's stock after selling 114,295 shares during the period. Fred Alger Management LLC owned about 0.20% of Victoria's Secret & Co. worth $2,948,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Jones Financial Companies Lllp boosted its position in shares of Victoria's Secret & Co. by 606,904.8% in the first quarter. Jones Financial Companies Lllp now owns 382,413 shares of the company's stock worth $7,105,000 after buying an additional 382,350 shares during the period. Scientech Research LLC boosted its position in shares of Victoria's Secret & Co. by 188.0% in the first quarter. Scientech Research LLC now owns 36,671 shares of the company's stock worth $681,000 after buying an additional 23,940 shares during the period. NFJ Investment Group LLC acquired a new stake in shares of Victoria's Secret & Co. in the first quarter worth $778,000. Millennium Management LLC boosted its position in shares of Victoria's Secret & Co. by 9,595.8% in the first quarter. Millennium Management LLC now owns 1,419,080 shares of the company's stock worth $26,367,000 after buying an additional 1,404,444 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Victoria's Secret & Co. by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,949 shares of the company's stock worth $1,170,000 after buying an additional 1,797 shares during the period. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Down 2.0%

NYSE VSCO traded down $0.54 during trading on Friday, hitting $26.48. 2,818,418 shares of the company traded hands, compared to its average volume of 3,206,669. Victoria's Secret & Co. has a 12 month low of $13.76 and a 12 month high of $48.73. The business has a fifty day simple moving average of $21.66 and a 200 day simple moving average of $20.48. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $2.12 billion, a P/E ratio of 14.71, a PEG ratio of 1.47 and a beta of 2.20.

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 company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company earned $0.40 earnings per share. The business's revenue was up 2.9% compared to the same quarter last year. Victoria's Secret & Co. has set its Q3 2025 guidance at -0.75--0.550 EPS. FY 2025 guidance at EPS. As a group, sell-side analysts predict that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VSCO shares. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $24.00 target price on shares of Victoria's Secret & Co. in a research report on Thursday, August 28th. Bank of America lifted their price objective on Victoria's Secret & Co. from $18.00 to $21.00 and gave the company an "underperform" rating in a research report on Friday, August 29th. Wall Street Zen raised Victoria's Secret & Co. from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. The Goldman Sachs Group lifted their price objective on Victoria's Secret & Co. from $16.00 to $18.00 and gave the company a "sell" rating in a research report on Friday, August 29th. Finally, Zacks Research raised Victoria's Secret & Co. to a "hold" rating in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $26.18.

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.