Quantitative Investment Management LLC Purchases New Position in Victoria's Secret & Co. $VSCO

Key Points

• Quantitative Investment Management LLC recently acquired a new stake in Victoria's Secret & Co., purchasing 36,483 shares valued at approximately $677,000.
• Several other institutional investors have also significantly increased their stakes in the company, leading to over 90% of the stock being owned by institutions.
• Despite reporting a slight decline in year-over-year revenue, the company met analysts' EPS expectations, announcing $0.09 EPS for the latest quarter.

Quantitative Investment Management LLC acquired a new stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 36,483 shares of the company's stock, valued at approximately $677,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. AlphaQuest LLC purchased a new stake in Victoria's Secret & Co. in the 1st quarter valued at approximately $208,000. T. Rowe Price Investment Management Inc. boosted its holdings in Victoria's Secret & Co. by 18.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,868,817 shares of the company's stock valued at $34,723,000 after purchasing an additional 288,629 shares in the last quarter. Erste Asset Management GmbH boosted its holdings in Victoria's Secret & Co. by 1,824.5% in the 1st quarter. Erste Asset Management GmbH now owns 8,333 shares of the company's stock valued at $147,000 after purchasing an additional 7,900 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Victoria's Secret & Co. during the 1st quarter worth approximately $509,000. Finally, Algert Global LLC boosted its stake in shares of Victoria's Secret & Co. by 1,338.7% during the 1st quarter. Algert Global LLC now owns 86,986 shares of the company's stock worth $1,616,000 after acquiring an additional 80,940 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on VSCO shares. The Goldman Sachs Group boosted their price target on Victoria's Secret & Co. from $16.00 to $18.00 and gave the stock a "sell" rating in a research note on Friday. Jefferies Financial Group reduced their target price on Victoria's Secret & Co. from $28.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday. JPMorgan Chase & Co. upped their target price on Victoria's Secret & Co. from $22.00 to $27.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. UBS Group upped their target price on Victoria's Secret & Co. from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Barclays upped their target price on Victoria's Secret & Co. from $23.00 to $27.00 and gave the company an "overweight" rating in a research note on Friday. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $25.45.

Victoria's Secret & Co. Trading Up 1.1%

NYSE:VSCO traded up $0.26 on Friday, hitting $22.93. 3,765,341 shares of the stock were exchanged, compared to its average volume of 3,464,118. The stock has a market cap of $1.83 billion, a PE ratio of 11.46, a PEG ratio of 1.25 and a beta of 2.17. The company has a current ratio of 1.16, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60. The stock has a fifty day moving average of $20.47 and a 200-day moving average of $20.93. Victoria's Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.13 by $0.20. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.40 billion. Victoria's Secret & Co. had a return on equity of 37.76% and a net margin of 2.69%.The firm's revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, equities analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal 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.