Jones Financial Companies Lllp Buys 382,350 Shares of Victoria's Secret & Co. $VSCO

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Victoria's Secret & Co. by purchasing an additional 382,350 shares, bringing its total ownership to approximately 0.49% of the company, valued at around $7.1 million.
• Barclays raised its target price for Victoria's Secret & Co. from $23.00 to $27.00, reflecting a positive outlook, while the stock currently has an average rating of "Hold" among analysts.
• Victoria's Secret reported earnings of $0.33 EPS for the latest quarter, exceeding estimates, alongside revenue of $1.46 billion, which is a 2.9% increase year-over-year.

Jones Financial Companies Lllp lifted its stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 606,904.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 382,413 shares of the company's stock after purchasing an additional 382,350 shares during the period. Jones Financial Companies Lllp owned 0.49% of Victoria's Secret & Co. worth $7,105,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. CWM LLC boosted its position in shares of Victoria's Secret & Co. by 6.2% in the 1st quarter. CWM LLC now owns 16,660 shares of the company's stock worth $310,000 after purchasing an additional 975 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Victoria's Secret & Co. by 1.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,152 shares of the company's stock valued at $2,533,000 after purchasing an additional 1,018 shares during the period. KBC Group NV grew its holdings in Victoria's Secret & Co. by 40.8% during the first quarter. KBC Group NV now owns 3,904 shares of the company's stock valued at $73,000 after purchasing an additional 1,132 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Victoria's Secret & Co. by 6.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,364 shares of the company's stock valued at $378,000 after purchasing an additional 1,307 shares during the period. Finally, Fox Run Management L.L.C. grew its holdings in Victoria's Secret & Co. by 14.3% during the first quarter. Fox Run Management L.L.C. now owns 10,760 shares of the company's stock valued at $200,000 after purchasing an additional 1,348 shares during the period. 90.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VSCO. The Goldman Sachs Group boosted 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 report on Friday, August 29th. Jefferies Financial Group decreased their price objective on shares of 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. JPMorgan Chase & Co. boosted their price objective on shares of Victoria's Secret & Co. from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Monday. Bank of America boosted their price objective on shares of Victoria's Secret & Co. from $18.00 to $21.00 and gave the company an "underperform" rating in a report on Friday, August 29th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 price target on shares of Victoria's Secret & Co. in a report on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $26.27.

Victoria's Secret & Co. Stock Up 4.5%

VSCO traded up $1.19 during trading hours on Monday, hitting $27.63. 1,112,018 shares of the company's stock were exchanged, compared to its average volume of 3,444,892. 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's 50-day moving average is $21.66 and its two-hundred day moving average is $20.38. Victoria's Secret & Co. has a 1-year low of $13.76 and a 1-year high of $48.73. The stock 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.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the firm posted $0.40 earnings per share. The company'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. Sell-side analysts predict that Victoria's Secret & Co. will post 2.37 earnings per share 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.