22,742 Shares in Victoria’s Secret & Co. $VSCO Bought by Optimize Financial Inc

Optimize Financial Inc bought a new stake in Victoria’s Secret & Co. (NYSE:VSCO) during the third quarter, Holdings Channel reports. The fund bought 22,742 shares of the company’s stock, valued at approximately $617,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its holdings in shares of Victoria’s Secret & Co. by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 65,191 shares of the company’s stock worth $1,207,000 after purchasing an additional 483 shares during the period. Lazard Asset Management LLC increased its position in Victoria’s Secret & Co. by 7.7% during the 2nd 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. Arizona State Retirement System increased its position in Victoria’s Secret & Co. by 2.6% during the 3rd quarter. Arizona State Retirement System now owns 21,266 shares of the company’s stock worth $577,000 after purchasing an additional 545 shares in the last quarter. Everett Harris & Co. CA raised its holdings in Victoria’s Secret & Co. by 0.6% in the third quarter. Everett Harris & Co. CA now owns 98,121 shares of the company’s stock valued at $2,663,000 after buying an additional 565 shares during the period. Finally, Maryland State Retirement & Pension System raised its holdings in Victoria’s Secret & Co. by 2.9% in the second quarter. Maryland State Retirement & Pension System now owns 23,463 shares of the company’s stock valued at $435,000 after buying an additional 671 shares during the period. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VSCO. 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. Guggenheim began coverage on shares of Victoria’s Secret & Co. in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Barclays reaffirmed an “overweight” rating on shares of Victoria’s Secret & Co. in a research report on Tuesday, January 6th. Wall Street Zen raised Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Jefferies Financial Group boosted their price objective on Victoria’s Secret & Co. from $57.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Victoria’s Secret & Co. has an average rating of “Moderate Buy” and an average price target of $55.20.

Victoria’s Secret & Co. Price Performance

VSCO stock opened at $59.99 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 1.30 and a debt-to-equity ratio of 1.96. The stock’s 50 day moving average is $54.79 and its two-hundred day moving average is $37.12. The company has a market capitalization of $4.82 billion, a PE ratio of 29.26, a P/E/G ratio of 2.17 and a beta of 2.21. Victoria’s Secret & Co. has a 52-week low of $13.76 and a 52-week high of $66.89.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Friday, December 5th. The company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.33. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.67% and a return on equity of 33.47%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.50) EPS. 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. Analysts predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

About Victoria’s Secret & Co.

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.