Principal Financial Group Inc. Lowers Position in Victoria’s Secret & Co. $VSCO

Principal Financial Group Inc. cut its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 21.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 384,946 shares of the company’s stock after selling 105,223 shares during the period. Principal Financial Group Inc.’s holdings in Victoria’s Secret & Co. were worth $10,447,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Goldentree Asset Management LP lifted its position in shares of Victoria’s Secret & Co. by 71.8% during the second quarter. Goldentree Asset Management LP now owns 2,989,087 shares of the company’s stock valued at $55,242,000 after purchasing an additional 1,249,065 shares in the last quarter. Primecap Management Co. CA increased its stake in Victoria’s Secret & Co. by 1,586.7% in the 2nd quarter. Primecap Management Co. CA now owns 1,972,333 shares of the company’s stock valued at $36,528,000 after buying an additional 1,855,400 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Victoria’s Secret & Co. by 44.2% during the 2nd quarter. Bank of America Corp DE now owns 1,415,200 shares of the company’s stock worth $26,210,000 after buying an additional 434,012 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Victoria’s Secret & Co. by 2,729.6% in the 2nd quarter. Marshall Wace LLP now owns 923,823 shares of the company’s stock worth $17,109,000 after buying an additional 891,175 shares during the last quarter. Finally, Barington Capital Group L.P. boosted its stake in shares of Victoria’s Secret & Co. by 255.1% in the 2nd quarter. Barington Capital Group L.P. now owns 838,886 shares of the company’s stock worth $15,536,000 after buying an additional 602,670 shares during the last quarter. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO opened at $56.88 on Friday. The stock’s 50-day simple moving average is $57.29 and its 200 day simple moving average is $38.77. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 2.12 and a beta of 2.21. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.38 and a current ratio of 1.30. 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 earnings results on Friday, December 5th. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.33. Victoria’s Secret & Co. had a return on equity of 33.47% and a net margin of 2.67%.The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the firm earned ($0.50) EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. 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. Research analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VSCO has been the subject of a number of research analyst reports. TD Cowen reaffirmed a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Monday, December 8th. Weiss Ratings upgraded Victoria’s Secret & Co. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. from a “neutral” rating to an “overweight” rating and increased their price target for the company from $34.00 to $60.00 in a research report on Friday, December 5th. Zacks Research downgraded shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Finally, Jefferies Financial Group boosted their target price on shares of Victoria’s Secret & Co. from $57.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.20.

Victoria’s Secret & Co. 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.