Raymond James Financial Inc. Reduces Position in Victoria's Secret & Co. $VSCO

Raymond James Financial Inc. cut its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,056 shares of the company's stock after selling 17,950 shares during the period. Raymond James Financial Inc. owned about 0.20% of Victoria's Secret & Co. worth $2,974,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in VSCO. Mercer Global Advisors Inc. ADV acquired a new stake in Victoria's Secret & Co. during the 4th quarter worth approximately $204,000. BNP Paribas Financial Markets acquired a new stake in Victoria's Secret & Co. during the 4th quarter worth approximately $4,480,000. CoreCap Advisors LLC boosted its position in Victoria's Secret & Co. by 1,898.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock worth $85,000 after buying an additional 1,955 shares during the period. Graham Capital Management L.P. raised its holdings in Victoria's Secret & Co. by 135.1% during the 4th quarter. Graham Capital Management L.P. now owns 39,808 shares of the company's stock worth $1,649,000 after purchasing an additional 22,879 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Victoria's Secret & Co. by 999.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 141,164 shares of the company's stock worth $5,847,000 after purchasing an additional 128,319 shares during the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria's Secret & Co. Stock Down 2.0%

Shares of NYSE VSCO traded down $0.54 during trading on Friday, hitting $26.48. The stock had a trading volume of 2,818,418 shares, compared to its average volume of 3,206,669. Victoria's Secret & Co. has a 12 month low of $13.76 and a 12 month high of $48.73. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.14 and a quick ratio of 0.33. The company has a market capitalization of $2.12 billion, a PE ratio of 14.71, a PEG ratio of 1.47 and a beta of 2.20. The firm has a fifty day moving average of $21.66 and a two-hundred day moving average of $20.48.

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 analysts' consensus estimates of $0.13 by $0.20. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.40 billion. Victoria's Secret & Co. had a net margin of 2.42% and a return on equity of 33.77%. The firm's quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. 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 research analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on VSCO shares. Wells Fargo & Company raised their price target on shares of Victoria's Secret & Co. from $14.00 to $17.00 and gave the stock an "underweight" rating in a report on Friday, August 29th. Jefferies Financial Group lowered their price target 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. The Goldman Sachs Group raised their price target on shares of Victoria's Secret & Co. from $16.00 to $18.00 and gave the stock a "sell" rating in a report on Friday, August 29th. Morgan Stanley raised their price target on shares of Victoria's Secret & Co. from $20.00 to $27.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, 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. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $26.18.

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.