Jacobs Levy Equity Management Inc. Cuts Stock Position in Victoria's Secret & Co. $VSCO

Key Points

• Jacobs Levy Equity Management Inc. significantly reduced its stock position in Victoria's Secret & Co. by 83.1%, selling over 117,000 shares and holding only 23,896 shares worth about $444,000.
• Multiple large investors adjusted their stakes in Victoria's Secret, with Royal Bank of Canada increasing its holdings by 279.1% during the first quarter.
• Victoria's Secret recently reported earnings that surpassed expectations, posting $0.33 earnings per share against an estimated $0.13, indicating a positive revenue trend compared to the previous year.

Jacobs Levy Equity Management Inc. trimmed its position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 83.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,896 shares of the company's stock after selling 117,268 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Victoria's Secret & Co. were worth $444,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Victoria's Secret & Co. by 279.1% during the first quarter. Royal Bank of Canada now owns 47,839 shares of the company's stock worth $888,000 after buying an additional 35,220 shares during the period. Armistice Capital LLC purchased a new stake in shares of Victoria's Secret & Co. during the first quarter worth approximately $2,230,000. Twin Tree Management LP purchased a new stake in shares of Victoria's Secret & Co. during the first quarter worth approximately $177,000. Baird Financial Group Inc. purchased a new stake in shares of Victoria's Secret & Co. during the first quarter worth approximately $233,000. Finally, Vident Advisory LLC increased its stake in shares of Victoria's Secret & Co. by 14.9% during the first quarter. Vident Advisory LLC now owns 23,765 shares of the company's stock worth $442,000 after buying an additional 3,079 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of Victoria's Secret & Co. from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Bank of America upped their target price on shares of Victoria's Secret & Co. from $18.00 to $21.00 and gave the stock an "underperform" rating in a research note on Friday, August 29th. The Goldman Sachs Group upped their price target 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. Jefferies Financial Group lowered their price target on Victoria's Secret & Co. from $28.00 to $26.00 and set a "buy" rating for the company in a report on Friday, August 29th. Finally, Wall Street Zen raised Victoria's Secret & Co. from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $26.18.

Victoria's Secret & Co. Price Performance

VSCO stock opened at $26.48 on Friday. 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. has a twelve month low of $13.76 and a twelve month high of $48.73. The business has a 50 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.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings data 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 business 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%.The company's revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $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. As a group, equities analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current 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.

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