Primecap Management Co. CA Sells 116,933 Shares of Victoria’s Secret & Co. $VSCO

Primecap Management Co. CA lowered its position in Victoria’s Secret & Co. (NYSE:VSCO) by 5.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,855,400 shares of the company’s stock after selling 116,933 shares during the period. Primecap Management Co. CA’s holdings in Victoria’s Secret & Co. were worth $50,356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hara Capital LLC bought a new stake in Victoria’s Secret & Co. in the second quarter worth approximately $36,000. State of Wyoming acquired a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter valued at $48,000. Lazard Asset Management LLC boosted its holdings in Victoria’s Secret & Co. by 7.7% in the second quarter. Lazard Asset Management LLC now owns 7,258 shares of the company’s stock worth $133,000 after purchasing an additional 521 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Victoria’s Secret & Co. during the second quarter worth $200,000. Finally, Savvy Advisors Inc. raised its holdings in Victoria’s Secret & Co. by 9.9% during the second quarter. Savvy Advisors Inc. now owns 11,549 shares of the company’s stock valued at $214,000 after buying an additional 1,039 shares in the last quarter. Institutional investors own 90.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Morgan Stanley upgraded Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and set a $60.00 price target for the company in a research note on Friday, December 5th. JPMorgan Chase & Co. upgraded Victoria’s Secret & Co. from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $34.00 to $60.00 in a report on Friday, December 5th. Jefferies Financial Group increased their price target on Victoria’s Secret & Co. from $57.00 to $65.00 and gave the company a “buy” rating in a report on Friday, December 19th. Guggenheim began coverage on shares of Victoria’s Secret & Co. in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Finally, Bank of America upgraded shares of Victoria’s Secret & Co. from an “underperform” rating to a “neutral” rating and set a $52.00 price objective for the company in a research note on Monday, December 8th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.20.

Victoria’s Secret & Co. Stock Up 5.7%

Shares of VSCO stock opened at $65.69 on Friday. Victoria’s Secret & Co. has a 12 month low of $13.76 and a 12 month high of $66.89. The firm has a market cap of $5.27 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 2.34 and a beta of 2.21. The stock has a 50 day moving average of $59.06 and a 200-day moving average of $41.65. The company has a quick ratio of 0.38, a current ratio of 1.30 and a debt-to-equity ratio of 1.96.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Friday, December 5th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.60) by $0.33. Victoria’s Secret & Co. had a net margin of 2.67% and a return on equity of 33.47%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company posted ($0.50) earnings per share. Victoria’s Secret & Co.’s quarterly revenue was up 9.2% on a year-over-year basis. Victoria’s Secret & Co. has set its FY 2025 guidance at 2.400-2.650 EPS and its Q4 2025 guidance at 2.200-2.45 EPS. On average, equities analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.

The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.