Jacobs Levy Equity Management Inc. Sells 117,268 Shares of 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 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,896 shares of the company's stock after selling 117,268 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Victoria's Secret & Co. were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Virtus Advisers LLC bought a new stake in shares of Victoria's Secret & Co. during the first quarter valued at approximately $30,000. Public Employees Retirement System of Ohio bought a new stake in shares of Victoria's Secret & Co. during the fourth quarter valued at approximately $112,000. NBC Securities Inc. boosted its stake in Victoria's Secret & Co. by 141,000.0% in the first quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock valued at $52,000 after acquiring an additional 2,820 shares during the last quarter. Allworth Financial LP boosted its stake in Victoria's Secret & Co. by 677.4% in the first quarter. Allworth Financial LP now owns 3,063 shares of the company's stock valued at $57,000 after acquiring an additional 2,669 shares during the last quarter. Finally, KBC Group NV boosted its stake in Victoria's Secret & Co. by 40.8% in the first quarter. KBC Group NV now owns 3,904 shares of the company's stock valued at $73,000 after acquiring an additional 1,132 shares during the last quarter. 90.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group raised 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 note on Friday, August 29th. Bank of America increased 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 report on Friday, August 29th. Jefferies Financial Group cut their target price on shares of Victoria's Secret & Co. from $28.00 to $26.00 and set a "buy" rating on the stock in a report on Friday, August 29th. Wall Street Zen upgraded shares of Victoria's Secret & Co. from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Barclays raised their price objective on shares of Victoria's Secret & Co. from $23.00 to $27.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Victoria's Secret & Co. presently has a consensus rating of "Reduce" and an average price target of $26.27.

Victoria's Secret & Co. Price Performance

Shares of Victoria's Secret & Co. stock traded up $0.56 on Thursday, reaching $27.57. 2,022,039 shares of the stock were exchanged, compared to its average volume of 3,391,779. The firm's 50 day moving average is $22.22 and its 200-day moving average is $20.50. Victoria's Secret & Co. has a one year low of $13.76 and a one year high of $48.73. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 1.14. The firm has a market cap of $2.21 billion, a PE ratio of 15.32, a P/E/G ratio of 1.46 and a beta of 2.20.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.20. Victoria's Secret & Co. had a net margin of 2.42% and a return on equity of 33.77%. The business had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same period in the prior year, the company earned $0.40 EPS. The firm's quarterly 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, analysts anticipate 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.