Victoria's Secret & Co. $VSCO Shares Sold by Fred Alger Management LLC

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 reduced its stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 41.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,652 shares of the company's stock after selling 114,295 shares during the period. Fred Alger Management LLC owned 0.20% of Victoria's Secret & Co. worth $2,948,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Jones Financial Companies Lllp lifted its holdings in shares of Victoria's Secret & Co. by 606,904.8% during the 1st quarter. Jones Financial Companies Lllp now owns 382,413 shares of the company's stock worth $7,105,000 after acquiring an additional 382,350 shares during the period. Scientech Research LLC raised its holdings in Victoria's Secret & Co. by 188.0% in the first quarter. Scientech Research LLC now owns 36,671 shares of the company's stock valued at $681,000 after buying an additional 23,940 shares during the period. NFJ Investment Group LLC purchased a new position in Victoria's Secret & Co. in the first quarter valued at approximately $778,000. Millennium Management LLC raised its holdings in 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 valued at $26,367,000 after buying an additional 1,404,444 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 valued at $1,170,000 after buying an additional 1,797 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VSCO shares. Barclays increased their price objective on shares of Victoria's Secret & Co. from $23.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. UBS Group increased their price objective on shares of Victoria's Secret & Co. from $21.00 to $25.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. The Goldman Sachs Group increased their price objective on shares of 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. Morgan Stanley increased their price objective on shares of Victoria's Secret & Co. from $20.00 to $27.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Bank of America raised their price target on shares of Victoria's Secret & Co. from $18.00 to $21.00 and gave the stock an "underperform" rating in a research report on Friday, August 29th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $26.27.

Victoria's Secret & Co. Stock Performance

Victoria's Secret & Co. stock traded up $1.19 during mid-day trading on Monday, reaching $27.63. The company's stock had a trading volume of 1,112,018 shares, compared to its average volume of 3,444,892. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 1.44 and a beta of 2.19. The business has a 50 day moving average price of $21.66 and a 200-day moving average price of $20.38. The company has a current ratio of 1.14, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.20. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.40 billion. Victoria's Secret & Co. had a net margin of 2.42% and a return on equity of 33.77%. The firm's revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. Sell-side analysts predict that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

About Victoria's Secret & Co.

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.