Northern Trust Corp Sells 32,402 Shares of Victoria's Secret & Co. $VSCO

Key Points

• Northern Trust Corp reduced its holdings in Victoria's Secret & Co. by 3.6% in the first quarter, now owning about $16 million worth of shares.
• Victoria's Secret reported a quarterly EPS of $0.33, exceeding estimates and showing a revenue increase of 2.9% year-over-year.
• Analyst ratings for Victoria's Secret are mixed, with a consensus rating of "Hold" and an average price target of $25.45.

Northern Trust Corp reduced its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 863,872 shares of the company's stock after selling 32,402 shares during the period. Northern Trust Corp owned about 1.10% of Victoria's Secret & Co. worth $16,051,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in Victoria's Secret & Co. by 10.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 60,300 shares of the company's stock valued at $2,498,000 after acquiring an additional 5,495 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Victoria's Secret & Co. during the 4th quarter valued at $204,000. BNP Paribas Financial Markets acquired a new position in Victoria's Secret & Co. during the 4th quarter valued at $4,480,000. Caxton Associates LP raised its stake in Victoria's Secret & Co. by 19.6% during the 4th quarter. Caxton Associates LP now owns 19,027 shares of the company's stock valued at $788,000 after purchasing an additional 3,118 shares during the last quarter. Finally, Brevan Howard Capital Management LP raised its stake in Victoria's Secret & Co. by 165.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 69,669 shares of the company's stock valued at $2,886,000 after purchasing an additional 43,416 shares during the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VSCO shares. Telsey Advisory Group reissued a "market perform" rating and issued a $24.00 price target on shares of Victoria's Secret & Co. in a report on Thursday, August 28th. Wells Fargo & Company upped their price target on shares of Victoria's Secret & Co. from $14.00 to $17.00 and gave the stock an "underweight" rating in a research report on Friday, August 29th. 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. JPMorgan Chase & Co. upped their price target on shares of Victoria's Secret & Co. from $22.00 to $27.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, Barclays upped their target price on shares of Victoria's Secret & Co. from $23.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $25.45.

Victoria's Secret & Co. Stock Performance

Shares of VSCO traded up $0.57 during midday trading on Friday, reaching $26.24. 4,449,875 shares of the stock were exchanged, compared to its average volume of 3,168,920. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The company has a quick ratio of 0.33, a current ratio of 1.16 and a debt-to-equity ratio of 1.60. The company has a market cap of $2.09 billion, a P/E ratio of 14.58, a PEG ratio of 1.40 and a beta of 2.20. The stock's 50 day simple moving average is $21.04 and its 200 day simple moving average is $20.58.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.20. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.40 billion. Victoria's Secret & Co. had a return on equity of 35.37% and a net margin of 2.42%.The company's revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. Victoria's Secret & Co. has set its Q3 2025 guidance at -0.75--0.550 EPS. FY 2025 guidance at EPS. On average, sell-side analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

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.