GAMMA Investing LLC Buys Shares of 1,559 Victoria’s Secret & Co. (NYSE:VSCO)

GAMMA Investing LLC bought a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,559 shares of the company’s stock, valued at approximately $41,000.

A number of other institutional investors also recently modified their holdings of VSCO. Kettle Hill Capital Management LLC acquired a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter valued at $18,645,000. UBS Group AG boosted its stake in shares of Victoria’s Secret & Co. by 11.0% during the 3rd quarter. UBS Group AG now owns 3,323,016 shares of the company’s stock valued at $55,428,000 after buying an additional 328,860 shares during the period. Newport Trust Company LLC acquired a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter valued at $3,344,000. Fred Alger Management LLC lifted its stake in shares of Victoria’s Secret & Co. by 192.2% in the 3rd quarter. Fred Alger Management LLC now owns 287,239 shares of the company’s stock valued at $4,791,000 after purchasing an additional 188,921 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Victoria’s Secret & Co. by 478.4% in the 3rd quarter. Citigroup Inc. now owns 199,668 shares of the company’s stock valued at $3,330,000 after purchasing an additional 165,147 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Down 1.1 %

Shares of VSCO opened at $17.55 on Friday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.34 and a current ratio of 0.95. The company has a 50-day simple moving average of $20.02 and a 200-day simple moving average of $22.62. Victoria’s Secret & Co. has a 52 week low of $13.62 and a 52 week high of $30.80. The firm has a market capitalization of $1.36 billion, a P/E ratio of 12.90, a P/E/G ratio of 1.13 and a beta of 2.05.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.12. Victoria’s Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.09 billion. On average, equities research analysts expect that Victoria’s Secret & Co. will post 1.67 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VSCO shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $15.00 price objective (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research note on Thursday, March 7th. Telsey Advisory Group reduced their target price on Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, March 7th. Wells Fargo & Company lowered their price target on Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, March 7th. The Goldman Sachs Group assumed coverage on shares of Victoria’s Secret & Co. in a research report on Thursday, April 25th. They issued a “sell” rating and a $14.00 price target on the stock. Finally, BMO Capital Markets decreased their price objective on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Thursday, March 7th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Victoria’s Secret & Co. currently has an average rating of “Hold” and an average price target of $21.27.

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.