Nuveen LLC Invests $7.17 Million in Victoria's Secret & Co. $VSCO

Key Points

• Nuveen LLC has invested approximately $7.17 million in Victoria's Secret & Co., acquiring 385,924 shares which represent 0.49% of the company's stock as of the latest SEC filing.
• Victoria's Secret reported a net margin of 2.69% and a quarterly revenue of $1.35 billion, slightly above analyst expectations, but experienced a 0.5% decline compared to the same quarter last year.
• Analysts have provided mixed ratings, with four analysts rating the stock as a Buy, while several others have set lower price targets, indicating a consensus rating of "Hold" at an average target price of $24.73.

Nuveen LLC purchased a new position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 385,924 shares of the company's stock, valued at approximately $7,170,000. Nuveen LLC owned about 0.49% of Victoria's Secret & Co. as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Aigen Investment Management LP raised its stake in shares of Victoria's Secret & Co. by 51.3% during the 1st quarter. Aigen Investment Management LP now owns 19,375 shares of the company's stock worth $360,000 after buying an additional 6,573 shares during the last quarter. Invesco Ltd. raised its stake in shares of Victoria's Secret & Co. by 13.6% during the 1st quarter. Invesco Ltd. now owns 715,836 shares of the company's stock worth $13,300,000 after buying an additional 85,874 shares during the last quarter. Everett Harris & Co. CA acquired a new position in shares of Victoria's Secret & Co. during the 1st quarter worth $287,000. Wolverine Asset Management LLC raised its stake in Victoria's Secret & Co. by 20.5% in the 1st quarter. Wolverine Asset Management LLC now owns 81,119 shares of the company's stock valued at $1,507,000 after purchasing an additional 13,795 shares during the last quarter. Finally, Savvy Advisors Inc. acquired a new position in Victoria's Secret & Co. in the 1st quarter valued at about $195,000. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Trading Up 3.6%

NYSE VSCO opened at $22.1140 on Monday. Victoria's Secret & Co. has a 12 month low of $13.76 and a 12 month high of $48.73. The company has a 50-day moving average of $20.15 and a 200-day moving average of $21.05. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.16 and a quick ratio of 0.33. The company has a market cap of $1.77 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.22 and a beta of 2.17.

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 net margin of 2.69% and a return on equity of 37.76%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $0.12 EPS. The company's quarterly revenue 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 analysts predict that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Analysts Set New Price Targets

VSCO has been the subject of several analyst reports. Wells Fargo & Company cut their target price on shares of Victoria's Secret & Co. from $15.00 to $14.00 and set an "underweight" rating for the company in a research note on Monday, August 4th. UBS Group cut their target price on shares of Victoria's Secret & Co. from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday. Wall Street Zen raised shares of Victoria's Secret & Co. from a "sell" rating to a "hold" rating in a research note on Friday. Zacks Research raised shares of Victoria's Secret & Co. to a "hold" rating in a research note on Monday, August 11th. Finally, Bank of America cut their target price on shares of Victoria's Secret & Co. from $20.00 to $18.00 and set an "underperform" rating for the company in a research note on Thursday, June 12th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $24.73.

Victoria's Secret & Co. 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.

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