GAMMA Investing LLC Has $81,000 Stake in Victoria’s Secret & Co. (NYSE:VSCO)

GAMMA Investing LLC boosted its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 109.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,160 shares of the company’s stock after buying an additional 1,652 shares during the period. GAMMA Investing LLC’s holdings in Victoria’s Secret & Co. were worth $81,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Victoria’s Secret & Co. in the 2nd quarter valued at $50,000. Quarry LP lifted its stake in Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after buying an additional 1,764 shares during the period. Headlands Technologies LLC boosted its holdings in Victoria’s Secret & Co. by 1,925.3% during the second quarter. Headlands Technologies LLC now owns 8,790 shares of the company’s stock worth $155,000 after buying an additional 8,356 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of Victoria’s Secret & Co. during the 2nd quarter worth about $195,000. Finally, Lombard Odier Asset Management USA Corp increased its stake in shares of Victoria’s Secret & Co. by 102.3% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock valued at $204,000 after acquiring an additional 511,573 shares during the last quarter. 90.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VSCO has been the topic of several recent analyst reports. BMO Capital Markets lifted their price objective on shares of Victoria’s Secret & Co. from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Wells Fargo & Company boosted their price target on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $23.00 to $25.00 in a research note on Wednesday, September 18th. Bank of America boosted their target price on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research note on Friday, August 30th. Finally, TD Cowen raised their price target on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $23.60.

Victoria’s Secret & Co. Stock Up 1.5 %

Shares of Victoria’s Secret & Co. stock opened at $26.44 on Tuesday. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $30.80. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. The business’s 50 day simple moving average is $23.67 and its 200 day simple moving average is $20.44. The firm has a market cap of $2.07 billion, a PE ratio of 20.34 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. On average, analysts predict that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal 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.