Intech Investment Management LLC Boosts Position in Victoria's Secret & Co. $VSCO

Key Points

• Intech Investment Management LLC significantly increased its stake in Victoria's Secret & Co., purchasing an additional 152,065 shares, raising its ownership by 642.8% to a total of 175,722 shares now valued at approximately $3.27 million.
• Several hedge funds also increased their positions in the company during the first quarter, with 90.29% of the stock currently held by institutional investors.
• Victoria's Secret & Co. reported a quarterly earnings per share of $0.33, which exceeded analyst expectations, along with a revenue of $1.46 billion, beating forecasts by $60 million.

Intech Investment Management LLC increased its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 642.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,722 shares of the company's stock after acquiring an additional 152,065 shares during the quarter. Intech Investment Management LLC owned about 0.22% of Victoria's Secret & Co. worth $3,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in Victoria's Secret & Co. by 1,209.6% during the 1st quarter. GAMMA Investing LLC now owns 45,651 shares of the company's stock worth $848,000 after acquiring an additional 42,165 shares during the period. Victory Capital Management Inc. increased 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 purchasing an additional 502,622 shares during the last quarter. Arena Capital Advisors LLC CA bought a new stake in Victoria's Secret & Co. in the first quarter worth $484,000. Tremblant Capital Group boosted its stake in Victoria's Secret & Co. by 137.1% during the fourth quarter. Tremblant Capital Group now owns 550,135 shares of the company's stock worth $22,787,000 after buying an additional 318,080 shares during the period. Finally, Peregrine Capital Management LLC boosted its stake in Victoria's Secret & Co. by 30.8% during the first quarter. Peregrine Capital Management LLC now owns 223,581 shares of the company's stock worth $4,154,000 after buying an additional 52,618 shares during the period. Hedge funds and other institutional investors own 90.29% of the company's stock.

Analysts Set New Price Targets

VSCO has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Victoria's Secret & Co. from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Monday. Wall Street Zen raised shares of Victoria's Secret & Co. from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 target price on shares of Victoria's Secret & Co. in a report on Thursday, August 28th. UBS Group upped their target price on 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. Finally, Jefferies Financial Group dropped their target price on 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. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $26.27.

Victoria's Secret & Co. Trading Up 2.1%

Shares of VSCO traded up $0.56 during midday trading on Thursday, reaching $27.57. The company had a trading volume of 2,022,039 shares, compared to its average volume of 3,391,779. The firm has a 50 day simple moving average of $22.22 and a 200-day simple moving average of $20.50. The company has a quick ratio of 0.36, a current ratio of 1.14 and a debt-to-equity ratio of 1.48. The stock has a market cap of $2.21 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.46 and a beta of 2.20. 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 released 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. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.40 billion. Victoria's Secret & Co. had a return on equity of 33.77% and a net margin of 2.42%.Victoria's Secret & Co.'s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 EPS. Victoria's Secret & Co. has set its Q3 2025 guidance at -0.75--0.550 EPS. FY 2025 guidance at EPS. Research analysts forecast that Victoria's Secret & Co. will post 2.37 EPS 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.