Federated Hermes Inc. Has $10.59 Million Holdings 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 stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 330.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 570,073 shares of the company's stock after purchasing an additional 437,688 shares during the quarter. Federated Hermes Inc. owned approximately 0.73% of Victoria's Secret & Co. worth $10,592,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP raised its stake in shares of Victoria's Secret & Co. by 481.5% in the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock valued at $81,049,000 after acquiring an additional 1,620,256 shares during the period. FMR LLC raised its stake in shares of Victoria's Secret & Co. by 44.7% in the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock valued at $165,188,000 after acquiring an additional 1,231,090 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Victoria's Secret & Co. in the 4th quarter valued at approximately $37,693,000. SRS Investment Management LLC acquired a new position in shares of Victoria's Secret & Co. in the fourth quarter valued at approximately $37,011,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Victoria's Secret & Co. in the fourth quarter valued at approximately $24,940,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria's Secret & Co. Price Performance

VSCO stock traded up $0.58 during trading on Wednesday, hitting $20.29. The company had a trading volume of 1,289,876 shares, compared to its average volume of 3,468,233. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 1.12 and a beta of 2.17. The business has a 50 day moving average of $19.89 and a 200 day moving average of $22.48. Victoria's Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73. 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 issued its quarterly earnings results on Wednesday, June 11th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Victoria's Secret & Co. had a net margin of 2.69% and a return on equity of 37.76%. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the previous year, the business earned $0.12 earnings per share. Victoria's Secret & Co.'s revenue for the quarter was down .5% compared to the same quarter last year. As a group, research analysts predict that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VSCO. JPMorgan Chase & Co. lifted their price objective on shares of Victoria's Secret & Co. from $22.00 to $27.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Wells Fargo & Company lowered their price target on shares of Victoria's Secret & Co. from $15.00 to $14.00 and set an "underweight" rating for the company in a report on Monday. Wall Street Zen cut shares of Victoria's Secret & Co. from a "hold" rating to a "sell" rating in a report on Saturday. Barclays restated an "overweight" rating and issued a $23.00 target price (up previously from $22.00) on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $24.00 target price on shares of Victoria's Secret & Co. in a report on Wednesday, June 11th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.