Victoria's Secret & Co. $VSCO Shares Sold by New York State Teachers Retirement System

Key Points

• The New York State Teachers Retirement System reduced its stake in Victoria's Secret & Co. by 10.8%, now holding approximately 87,531 shares valued at around $1.62 million.
• Several institutional investors have increased their holdings significantly, with Millennium Management raising its position by 9,595.8% in the first quarter.
• Victoria's Secret reported earnings of $0.33 per share for the latest quarter, exceeding the consensus estimate of $0.13, alongside revenue growth of 2.9% year-over-year.

New York State Teachers Retirement System lessened its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 10.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,531 shares of the company's stock after selling 10,629 shares during the period. New York State Teachers Retirement System owned about 0.11% of Victoria's Secret & Co. worth $1,621,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VSCO. Millennium Management LLC raised its position in shares of Victoria's Secret & Co. by 9,595.8% in the first quarter. Millennium Management LLC now owns 1,419,080 shares of the company's stock valued at $26,367,000 after buying an additional 1,404,444 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its position in shares of Victoria's Secret & Co. by 163.0% in the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,406,865 shares of the company's stock valued at $26,140,000 after buying an additional 871,968 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Victoria's Secret & Co. by 54.2% in the first quarter. Victory Capital Management Inc. now owns 1,430,016 shares of the company's stock valued at $26,570,000 after buying an additional 502,622 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Victoria's Secret & Co. by 330.6% in the first quarter. Federated Hermes Inc. now owns 570,073 shares of the company's stock valued at $10,592,000 after buying an additional 437,688 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Victoria's Secret & Co. in the first quarter valued at approximately $7,170,000. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Price Performance

VSCO opened at $31.07 on Thursday. The company has a quick ratio of 0.36, a current ratio of 1.14 and a debt-to-equity ratio of 1.48. Victoria's Secret & Co. has a 52-week low of $13.76 and a 52-week high of $48.73. The company has a 50 day moving average of $26.26 and a two-hundred day moving average of $22.04. The company has a market cap of $2.49 billion, a P/E ratio of 17.26, a P/E/G ratio of 1.70 and a beta of 2.23.

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 the consensus estimate of $0.13 by $0.20. Victoria's Secret & Co. had a net margin of 2.42% and a return on equity of 33.77%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm earned $0.40 earnings per share. Victoria's Secret & Co.'s revenue for the quarter was up 2.9% on a year-over-year basis. Victoria's Secret & Co. has set its Q3 2025 guidance at -0.75--0.550 EPS. FY 2025 guidance at EPS. On average, analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on VSCO. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Victoria's Secret & Co. in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Victoria's Secret & Co. from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Monday, September 15th. Barclays upped their price target on shares of Victoria's Secret & Co. from $23.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Telsey Advisory Group upped their price target on shares of Victoria's Secret & Co. from $24.00 to $29.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 1st. Finally, The Goldman Sachs Group upped 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 research report on Friday, August 29th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $26.73.

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.

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