Raymond James Financial Inc. Sells 17,950 Shares of Victoria's Secret & Co. $VSCO

Raymond James Financial Inc. cut its stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 10.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of VSCO. NBC Securities Inc. increased its holdings in Victoria's Secret & Co. by 141,000.0% in the first quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock valued at $52,000 after purchasing an additional 2,820 shares during the period. Allworth Financial LP increased its holdings in Victoria's Secret & Co. by 677.4% in the first quarter. Allworth Financial LP now owns 3,063 shares of the company's stock valued at $57,000 after purchasing an additional 2,669 shares during the period. KBC Group NV increased its holdings in Victoria's Secret & Co. by 40.8% in 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. CoreCap Advisors LLC increased its holdings in Victoria's Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after purchasing an additional 1,955 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its holdings in Victoria's Secret & Co. by 107.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,093 shares of the company's stock valued at $91,000 after purchasing an additional 2,634 shares during the period. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on VSCO. The Goldman Sachs Group increased their price objective on Victoria's Secret & Co. from $16.00 to $18.00 and gave the company a "sell" rating in a report on Friday, August 29th. Zacks Research upgraded Victoria's Secret & Co. to a "hold" rating in a report on Monday, August 11th. Morgan Stanley reiterated a "positive" rating on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. Jefferies Financial Group decreased their price target on 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. Finally, JPMorgan Chase & Co. increased their price target on Victoria's Secret & Co. from $22.00 to $27.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $25.45.

Victoria's Secret & Co. Stock Up 4.0%

Shares of VSCO stock traded up $1.04 on Thursday, reaching $26.70. 1,882,240 shares of the company were exchanged, compared to its average volume of 3,452,578. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.39 and a beta of 2.20. The company has a 50-day moving average of $21.41 and a 200-day moving average of $20.51. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.14 and a quick ratio of 0.33. Victoria's Secret & Co. has a one year low of $13.76 and a one year high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.33 earnings per share (EPS) 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 analysts' expectations of $1.40 billion. Victoria's Secret & Co. had a net margin of 2.42% and a return on equity of 33.77%. The business's revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior 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. Analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share 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.