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BBRC International Pte Ltd, a significant shareholder of Victoria’s Secret & Co. (NYSE:VSCO), recently increased its stake in the company through two substantial stock purchases. According to a recent SEC filing, BBRC acquired a total of 209,471 shares over two days, March 26 and March 27, for a cumulative value of approximately $4.08 million.
The purchases were made at an average price per share ranging from $19.4633 to $19.4733. Following these transactions, BBRC now holds a total of 9,514,131 shares in Victoria’s Secret. These acquisitions come as the stock has experienced significant volatility, with shares down 25% over the past six months, though InvestingPro analysis suggests the stock is currently undervalued based on its Fair Value assessment.
The transactions were executed under the oversight of Brett Blundy, the Managing Director of BBRC, who signed off on the filing. This move underscores BBRC’s strategic positioning within the retail sector, particularly in a company as prominent as Victoria’s Secret. For deeper insights into VSCO’s valuation and growth prospects, including 8 additional exclusive ProTips, visit InvestingPro.
In other recent news, Victoria’s Secret & Co. reported its fourth-quarter 2025 financial results, surpassing Wall Street’s expectations with earnings per share of $2.60 and revenue of $2.11 billion. This performance exceeded forecasts of $2.27 EPS and $2.09 billion in revenue. Despite these positive results, UBS and TD Cowen both lowered their price targets for Victoria’s Secret shares, citing concerns over the company’s first-quarter guidance and full-year outlook for 2025. UBS reduced its target from $34.00 to $25.00, while TD Cowen adjusted it to $22.50 from $37.00, both maintaining neutral and hold ratings, respectively.
S&P Global Ratings revised its outlook on Victoria’s Secret to stable from negative, acknowledging improved operating performance and deleveraging. The company reported a 1% increase in net sales and a 3% rise in comparable same-store sales during the fourth quarter of 2024. However, S&P anticipates relatively weak customer discretionary spending through fiscal 2025, particularly among lower-income consumers. Victoria’s Secret plans to expand its store presence with net new store openings between 13 and 53 for fiscal 2025, focusing on partner-operated stores.
The company continues to focus on product innovation and operational efficiency to maintain profitability, despite anticipated tariff headwinds. Victoria’s Secret’s ongoing efforts to manage inventory and introduce new products aim to meet customer demand while improving operational efficiency. The firm remains cautious about the broader economic environment’s impact on consumer spending, as highlighted by analysts from UBS and TD Cowen.
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