Systematic Financial Management LP Acquires New Stake in Victoria's Secret & Co.

Systematic Financial Management LP has acquired a new stake in Victoria's Secret & Co. (NYSE:VSCO) during the third quarter, according to the latest filing with the Securities and Exchange Commission. The company acquired 23,676 shares of Victoria's Secret's stock, which is valued at approximately $608,000.

In recent months, several other institutional investors and hedge funds have also adjusted their holdings in Victoria's Secret & Co. For example, Blue Trust Inc. significantly increased its shareholding by 741.4% during the third quarter and now owns 1,708 shares valued at $44,000. Additionally, Point72 Asia Singapore Pte. Ltd. established a new position in the company during the second quarter, with an investment of about $50,000. Quarry LP also boosted its stake by 126.6% in the same quarter, resulting in ownership of 3,157 shares valued at $56,000. GAMMA Investing LLC raised its holdings by 109.5% during the third quarter, now owning 3,160 shares worth $81,000 after acquiring more during that period. Carolina Wealth Advisors LLC invested approximately $92,000 by acquiring a new position in the company during the third quarter. Currently, 90.29% of Victoria's Secret's shares are owned by hedge funds and other institutional investors.

Stock Performance Overview

As of the latest trading session, Victoria's Secret & Co.'s stock opened at $48.02. The company has a market capitalization of $3.77 billion, with a price-to-earnings (P/E) ratio of 24.88. Its beta stands at 2.19, indicating a relatively higher volatility compared to the market. The company's current ratio is 1.00, while its quick ratio is 0.31, suggesting reasonable liquidity. Victoria's Secret has a debt-to-equity ratio of 2.27. Over the past period, its 50-day moving average is $31.87, while the 200-day moving average is $24.51. The stock has reached a twelve-month low of $15.12 and a twelve-month high of $48.70.

Financial Performance and Analyst Ratings

The latest quarterly earnings data from Victoria's Secret & Co. was released on December 5th, where the company reported earnings of ($0.50) per share, surpassing analysts' expectations of ($0.62) by $0.12. The firm generated revenue of $1.35 billion for the quarter, exceeding the $1.29 billion anticipated by analysts. The net margin reported was 2.25%, and the return on equity reached 44.06%. Compared to the previous year, Victoria's Secret's quarterly revenue increased by 6.5%. Analysts expect the company to post an EPS of 2.01 for the current fiscal year.

Wall Street Insights

Various analysts have commented on the stock. Wells Fargo raised its price target from $30.00 to $33.00 and assigned an "overweight" rating. Meanwhile, Goldman Sachs increased their price target from $17.00 to $19.00 but maintained a "sell" rating. Barclays upgraded the stock from "underweight" to "equal weight" with a price objective revision from $23.00 to $25.00. Jefferies Financial Group, in a separate report, raised its target price from $30.00 to $40.00 and issued a "buy" rating. TD Cowen also revised its target price from $20.00 to $26.00, giving the company a hold rating. Among research analysts, four rated the stock as a sell, four as a hold, and three as a buy. Overall, the consensus rating stands at "Hold" with a price target of $28.64, based on MarketBeat data.

About Victoria's Secret & Co.

Victoria's Secret & Co. is a specialty retailer focused on women's intimate apparel, beauty products, and other related items globally. It offers a variety of products, including bras, panties, lingerie, casual sleepwear, activewear, swimwear, fragrances, and beauty items under the Victoria's Secret, PINK, and Adore Me brands.

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