Invesco Ltd. Raises Stock Holdings in Victoria's Secret & Co. $VSCO

Key Points

• Invesco Ltd. increased its stake in Victoria's Secret & Co. by 13.6%, owning 715,836 shares valued at approximately $13.3 million as of the latest SEC filing.
• Institutional investors collectively hold 90.29% of Victoria's Secret's stock, with several other firms significantly increasing their positions in the company during the first quarter.
• The company's stock opened at $22.11, with a market capitalization of $1.77 billion and a consensus rating of "Hold" from analysts.

Invesco Ltd. boosted its stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 13.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 715,836 shares of the company's stock after purchasing an additional 85,874 shares during the period. Invesco Ltd. owned about 0.91% of Victoria's Secret & Co. worth $13,300,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of Victoria's Secret & Co. by 1,209.6% during the first quarter. GAMMA Investing LLC now owns 45,651 shares of the company's stock valued at $848,000 after buying an additional 42,165 shares during the period. Victory Capital Management Inc. increased its stake in shares of Victoria's Secret & Co. by 54.2% during the first quarter. Victory Capital Management Inc. now owns 1,430,016 shares of the company's stock valued at $26,570,000 after buying an additional 502,622 shares during the period. Arena Capital Advisors LLC CA purchased a new position in shares of Victoria's Secret & Co. during the first quarter valued at approximately $484,000. Tremblant Capital Group increased its stake in shares of Victoria's Secret & Co. by 137.1% during the fourth quarter. Tremblant Capital Group now owns 550,135 shares of the company's stock valued at $22,787,000 after buying an additional 318,080 shares during the period. Finally, Peregrine Capital Management LLC increased its stake in shares of 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 valued at $4,154,000 after buying an additional 52,618 shares during the period. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria's Secret & Co. Stock Performance

Shares of NYSE:VSCO traded down $0.39 during midday trading on Monday, reaching $21.76. 1,756,283 shares of the company's stock traded hands, compared to its average volume of 3,020,661. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 1.22 and a beta of 2.17. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.33 and a current ratio of 1.16. Victoria's Secret & Co. has a one year low of $13.76 and a one year high of $48.73. The stock has a 50 day moving average of $20.15 and a 200 day moving average of $21.05.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. Victoria's Secret & Co. had a return on equity of 37.76% and a net margin of 2.69%.The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the prior year, the business earned $0.12 earnings per share. Victoria's Secret & Co.'s revenue for the quarter was down .5% compared to the same quarter last year. Victoria's Secret & Co. has set its Q2 2025 guidance at 0.000-0.150 EPS. FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group restated a "sell" rating and set a $15.00 price target on shares of Victoria's Secret & Co. in a research report on Wednesday, June 4th. Wall Street Zen upgraded Victoria's Secret & Co. from a "sell" rating to a "hold" rating in a research report on Friday. 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. Wells Fargo & Company dropped their price target on Victoria's Secret & Co. from $15.00 to $14.00 and set an "underweight" rating on the stock in a research report on Monday, August 4th. Finally, Morgan Stanley restated a "positive" rating on shares of Victoria's Secret & Co. in a research report on Thursday, June 12th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Victoria's Secret & Co. currently has a consensus rating of "Hold" and an average target price of $24.73.

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.