Federated Hermes Inc. Has $10.59 Million Stock Position in Victoria's Secret & Co. (NYSE:VSCO)

Key Points

• Federated Hermes Inc. increased its stake in Victoria's Secret & Co. by 330.6%, acquiring an additional 437,688 shares, bringing its total ownership to 570,073 shares worth approximately $10.6 million.
• Victoria's Secret has seen significant investments from other institutional investors, with Marshall Wace LLP and FMR LLC raising their stakes by 481.5% and 44.7% respectively during the same quarter.
• Analyst ratings vary, with a consensus "Hold" rating and a price target averaging around $25.09, while recent earnings reported matched expectations at $0.09 EPS.

Federated Hermes Inc. grew its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 330.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 570,073 shares of the company's stock after buying an additional 437,688 shares during the quarter. Federated Hermes Inc. owned approximately 0.73% of Victoria's Secret & Co. worth $10,592,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Marshall Wace LLP lifted its holdings in Victoria's Secret & Co. by 481.5% during the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock worth $81,049,000 after acquiring an additional 1,620,256 shares in the last quarter. FMR LLC raised its position in shares of Victoria's Secret & Co. by 44.7% during the fourth quarter. FMR LLC now owns 3,988,122 shares of the company's stock worth $165,188,000 after purchasing an additional 1,231,090 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Victoria's Secret & Co. during the fourth quarter worth about $37,693,000. SRS Investment Management LLC acquired a new stake in shares of Victoria's Secret & Co. during the fourth quarter worth about $37,011,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Victoria's Secret & Co. during the fourth quarter worth about $24,940,000. Institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Performance

NYSE VSCO traded up $1.83 during trading on Monday, reaching $20.55. The company's stock had a trading volume of 3,056,317 shares, compared to its average volume of 3,480,298. Victoria's Secret & Co. has a 12 month low of $13.76 and a 12 month high of $48.73. The firm has a 50 day moving average price of $19.98 and a 200 day moving average price of $22.62. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 1.02 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.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Victoria's Secret & Co. had a return on equity of 37.76% and a net margin of 2.69%. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the previous year, the firm earned $0.12 EPS. The company's quarterly revenue was down .5% compared to the same quarter last year. As a group, equities analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Morgan Stanley reaffirmed a "positive" rating on shares of Victoria's Secret & Co. in a research report on Thursday, June 12th. Telsey Advisory Group restated a "market perform" rating and issued a $24.00 price objective on shares of Victoria's Secret & Co. in a report on Wednesday, June 11th. Wells Fargo & Company cut their price objective on Victoria's Secret & Co. from $15.00 to $14.00 and set an "underweight" rating for the company in a report on Monday. Barclays reissued an "overweight" rating and issued a $23.00 price objective (up previously from $22.00) on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. Finally, Jefferies Financial Group cut their price objective on Victoria's Secret & Co. from $42.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Four research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Victoria's Secret & Co. has a consensus rating of "Hold" and an average target price of $25.00.

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.