Victoria’s Secret & Co. (NYSE:VSCO) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,486 shares of the company’s stock after buying an additional 326 shares during the quarter. GAMMA Investing LLC’s holdings in Victoria’s Secret & Co. were worth $144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its holdings in Victoria’s Secret & Co. by 146.1% during the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after buying an additional 1,636,602 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Victoria’s Secret & Co. by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock worth $47,864,000 after acquiring an additional 1,368,103 shares in the last quarter. Geode Capital Management LLC lifted its stake in Victoria’s Secret & Co. by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock worth $46,121,000 after purchasing an additional 24,967 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Victoria’s Secret & Co. by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company’s stock valued at $41,338,000 after purchasing an additional 76,858 shares in the last quarter. Finally, Forest Avenue Capital Management LP acquired a new position in Victoria’s Secret & Co. in the third quarter valued at approximately $40,861,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VSCO has been the subject of several recent analyst reports. Wells Fargo & Company restated an “equal weight” rating and set a $45.00 price objective (up previously from $33.00) on shares of Victoria’s Secret & Co. in a research report on Monday, December 9th. JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $29.00 to $45.00 in a research report on Monday, December 9th. Morgan Stanley upped their price objective on shares of Victoria’s Secret & Co. from $23.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. UBS Group upgraded Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $18.00 to $47.00 in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group upped their target price on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Hold” and a consensus price target of $36.73.

Victoria’s Secret & Co. Stock Down 1.7 %

Victoria’s Secret & Co. stock opened at $38.49 on Friday. The stock has a 50 day moving average of $39.99 and a two-hundred day moving average of $28.51. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 2.88 and a beta of 2.14. The company has a current ratio of 1.17, a quick ratio of 0.31 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping the consensus estimate of ($0.62) by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the company earned ($0.86) earnings per share. As a group, research analysts expect that Victoria’s Secret & Co. will post 2.31 earnings per share for the current year.

About Victoria’s Secret & Co.

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.