GAMMA Investing LLC Makes New Investment in Victoria’s Secret & Co. (NYSE:VSCO)

GAMMA Investing LLC bought a new stake in Victoria’s Secret & Co. (NYSE:VSCO) during the fourth quarter, HoldingsChannel.com reports. The firm bought 1,559 shares of the company’s stock, valued at approximately $41,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. CWM LLC lifted its position in shares of Victoria’s Secret & Co. by 126.8% during the 3rd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $27,000 after buying an additional 914 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Victoria’s Secret & Co. by 3.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 27,914 shares of the company’s stock valued at $741,000 after purchasing an additional 1,031 shares in the last quarter. Yarger Wealth Strategies LLC grew its holdings in shares of Victoria’s Secret & Co. by 10.6% during the 4th quarter. Yarger Wealth Strategies LLC now owns 12,198 shares of the company’s stock valued at $324,000 after purchasing an additional 1,168 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Victoria’s Secret & Co. by 15.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,625 shares of the company’s stock worth $441,000 after purchasing an additional 2,286 shares in the last quarter. Finally, Systematic Alpha Investments LLC bought a new position in Victoria’s Secret & Co. in the 3rd quarter valued at approximately $58,000. Institutional investors own 90.29% of the company’s stock.

Analyst Ratings Changes

VSCO has been the topic of a number of research analyst reports. Telsey Advisory Group cut their target price on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. Wells Fargo & Company cut their target price on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, March 7th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $15.00 target price (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, March 7th. Bank of America restated an “underperform” rating and issued a $15.00 target price (down previously from $34.00) on shares of Victoria’s Secret & Co. in a research report on Friday, March 8th. Finally, The Goldman Sachs Group began 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 target price on the stock. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.27.

Victoria’s Secret & Co. Stock Performance

NYSE:VSCO opened at $17.55 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. Victoria’s Secret & Co. has a twelve month low of $13.62 and a twelve month high of $30.80. The company has a fifty day moving average of $20.02 and a 200-day moving average of $22.62. 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 released its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.09 billion. As a group, sell-side analysts anticipate that Victoria’s Secret & Co. will post 1.67 EPS 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.