Victoria's Secret & Co. $VSCO Shares Bought by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Victoria's Secret & Co. by 18.3% during the 1st quarter, owning approximately 2.38% of the company, valued at $34.7 million.
• Victoria's Secret & Co. reported $1.35 billion in revenue for the last quarter, slightly above analysts' expectations, but revenues were down 0.5% year-over-year.
• Equity analysts have mixed views on the stock, with a consensus rating of "Hold" and an average target price of $24.73, indicating some uncertainty about future performance.

T. Rowe Price Investment Management Inc. grew its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 18.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,868,817 shares of the company's stock after buying an additional 288,629 shares during the quarter. T. Rowe Price Investment Management Inc. owned 2.38% of Victoria's Secret & Co. worth $34,723,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VSCO. Point72 Hong Kong Ltd bought a new position in Victoria's Secret & Co. during the fourth quarter worth $37,693,000. Point72 Asset Management L.P. bought a new position in Victoria's Secret & Co. during the fourth quarter worth $24,940,000. Victory Capital Management Inc. lifted its stake in 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 worth $26,570,000 after purchasing an additional 502,622 shares during the last quarter. Federated Hermes Inc. lifted its stake in Victoria's Secret & Co. by 330.6% during the first quarter. Federated Hermes Inc. now owns 570,073 shares of the company's stock worth $10,592,000 after purchasing an additional 437,688 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC bought a new position in Victoria's Secret & Co. during the fourth quarter worth $16,167,000. 90.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley restated a "positive" rating on shares of Victoria's Secret & Co. in a research note on Thursday, June 12th. Bank of America reduced their price objective on Victoria's Secret & Co. from $20.00 to $18.00 and set an "underperform" rating on the stock in a research note on Thursday, June 12th. Wall Street Zen upgraded Victoria's Secret & Co. from a "sell" rating to a "hold" rating in a research note on Friday. Wells Fargo & Company cut their target price on Victoria's Secret & Co. from $15.00 to $14.00 and set an "underweight" rating on the stock in a research note on Monday, August 4th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 target price on shares of Victoria's Secret & Co. in a research note on Thursday, August 21st. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $24.73.

Victoria's Secret & Co. Stock Performance

Shares of VSCO traded up $0.28 during trading hours on Tuesday, reaching $22.04. 3,142,262 shares of the company's stock traded hands, compared to its average volume of 2,992,054. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 1.20 and a beta of 2.17. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.16 and a quick ratio of 0.33. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The business's fifty day simple moving average is $20.29 and its two-hundred day simple moving average is $20.99.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The company reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Victoria's Secret & Co. had a return on equity of 37.76% and a net margin of 2.69%.The company's quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. Victoria's Secret & Co. has set its Q2 2025 guidance at 0.000-0.150 EPS. FY 2025 guidance at EPS. Analysts predict 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.