Millennium Management LLC Increases Stake in Victoria's Secret & Co. $VSCO

Key Points

• Millennium Management LLC significantly increased its holdings in Victoria's Secret & Co. by acquiring an additional 1,404,444 shares, growing its ownership by 9,595.8% in the first quarter.
• Analysts have raised their price targets for the stock, with JPMorgan Chase increasing it from $22.00 to $27.00, while Barclays has set a target of $27.00 and given it an "overweight" rating.
• Victoria's Secret & Co. reported an EPS of $0.33 for the recent quarter, outperforming analysts' expectations, and its quarterly revenue increased 2.9% compared to the same period last year.

Millennium Management LLC lifted its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 9,595.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,419,080 shares of the company's stock after acquiring an additional 1,404,444 shares during the period. Millennium Management LLC owned approximately 1.80% of Victoria's Secret & Co. worth $26,367,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Victoria's Secret & Co. by 1,209.6% in the first 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 holdings 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 acquiring an additional 502,622 shares in the last quarter. Arena Capital Advisors LLC CA bought a new stake in shares of Victoria's Secret & Co. in the 1st quarter worth $484,000. Tremblant Capital Group grew its position in Victoria's Secret & Co. by 137.1% in the 4th quarter. Tremblant Capital Group now owns 550,135 shares of the company's stock worth $22,787,000 after purchasing an additional 318,080 shares during the period. Finally, Peregrine Capital Management LLC grew its stake in shares of Victoria's Secret & Co. by 30.8% during the 1st quarter. Peregrine Capital Management LLC now owns 223,581 shares of the company's stock valued at $4,154,000 after purchasing an additional 52,618 shares during the period. Institutional investors own 90.29% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on VSCO. UBS Group upped their price objective on 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. Barclays increased their price target on Victoria's Secret & Co. from $23.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $24.00 price target on shares of Victoria's Secret & Co. in a research note on Thursday, August 28th. Morgan Stanley reiterated a "reduce" rating on shares of Victoria's Secret & Co. in a report on Friday. Finally, Wall Street Zen upgraded Victoria's Secret & Co. from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $26.27.

Victoria's Secret & Co. Trading Up 3.2%

NYSE:VSCO traded up $0.84 during midday trading on Wednesday, hitting $27.13. 574,246 shares of the company traded hands, compared to its average volume of 3,442,136. The firm's fifty day moving average is $21.93 and its 200-day moving average is $20.43. Victoria's Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73. The firm has a market capitalization of $2.17 billion, a P/E ratio of 15.08, a P/E/G ratio of 1.49 and a beta of 2.20. The company has a current ratio of 1.14, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.20. The firm had revenue of $1.46 billion for 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 for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, sell-side analysts predict 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.