MetLife Investment Management LLC Holds $1.17 Million in Victoria's Secret & Co. (NYSE:VSCO)

MetLife Investment Management LLC has significantly increased its investment in Victoria’s Secret & Co. (NYSE:VSCO – Free Report) by 129.1% in the third quarter of the year. According to the firm's latest 13F filing with the SEC, MetLife now owns 45,652 shares of Victoria's Secret, having bought an additional 25,723 shares during the quarter. The company's investment amounts to approximately $1,173,000, which represents about 0.06% of Victoria’s Secret's total shares.

Several other institutional investors have also adjusted their positions in Victoria's Secret. For instance, Blue Trust Inc. raised its stake by an impressive 741.4% and now holds 1,708 shares valued at $44,000 after acquiring an additional 1,505 shares during the same period. Point72 Asia Singapore Pte. Ltd. entered a new stake worth around $50,000, while Quarry LP raised its holdings by 126.6%, giving them 3,157 shares valued at $56,000 following a purchase of 1,764 shares. Furthermore, GAMMA Investing LLC increased its holdings by 109.5%, now owning 3,160 shares valued at $81,000 after buying 1,652 more shares. Additionally, Carolina Wealth Advisors LLC made a new investment worth approximately $92,000. Overall, institutional investors and hedge funds own about 90.29% of the company’s shares.

Changes in Analyst Ratings

Various analysts have provided insights into Victoria’s Secret & Co. shares. BMO Capital Markets recently raised its price target for the stock from $33.00 to $46.00, rating it as “outperform.” On the other hand, Barclays upgraded their rating from “underweight” to “equal weight” and increased the price target from $23.00 to $25.00. Telsey Advisory Group maintained a “market perform” rating with a price target of $40.00. TD Cowen increased their target from $20.00 to $26.00, giving the stock a “hold” rating. Morgan Stanley also raised their price target from $23.00 to $31.00 while maintaining an “equal weight” rating. The stock has four sell ratings, four hold ratings, and three buy ratings from different research analysts. According to MarketBeat, the stock has an average rating of “Hold” with an average price target of $28.64.

Victoria's Secret & Co. Stock Overview

On Friday, shares of VSCO opened at $48.02. The company has a 50-day moving average of $31.87 and a 200-day moving average of $24.51. Its stock has ranged from a low of $15.12 to a high of $48.70 over the past year. With a market capitalization of $3.77 billion, Victoria's Secret has a PE ratio of 27.92 and a beta of 2.19. Key financial ratios include a quick ratio of 0.31, a current ratio of 1.00, and a debt-to-equity ratio of 2.27.

Most recently, the company reported its quarterly earnings on December 5. Victoria’s Secret managed to beat analysts' expectations, reporting earnings of ($0.50) per share compared to the consensus estimate of ($0.62), exceeding it by $0.12. The company's return on equity stands at 44.06%, and it posted a net margin of 2.25%. Revenue for the quarter reached $1.35 billion, surpassing the projected $1.29 billion. In the same quarter the previous year, the company recorded earnings of ($0.86) per share. Year-over-year revenue grew by 6.5%. Analysts predict that Victoria’s Secret & Co. will report earnings of 2.01 per share for the current year.

About Victoria's Secret & Co.

Victoria's Secret operates as a specialty retailer, focusing on women's intimate apparel, casual wear, beauty products, and more. The company offers a variety of products including bras, panties, lingerie, casual sleepwear, athleisure, swimwear, fragrances, body care, loungewear, knit tops, and accessories under its well-known brands such as Victoria's Secret, PINK, and Adore Me.

MetLife, Investment, Victoria's Secret