GAMMA Investing LLC Raises Stake in Victoria's Secret & Co. (NYSE:VSCO)

GAMMA Investing LLC increased its stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 1,209.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,651 shares of the company's stock after acquiring an additional 42,165 shares during the quarter. GAMMA Investing LLC owned 0.06% of Victoria's Secret & Co. worth $848,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VSCO. Allspring Global Investments Holdings LLC increased its stake in shares of Victoria's Secret & Co. by 31,597.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 91,290 shares of the company's stock valued at $3,690,000 after acquiring an additional 91,002 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Victoria's Secret & Co. in the 4th quarter valued at $2,399,000. Principal Financial Group Inc. increased its stake in shares of Victoria's Secret & Co. by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 381,419 shares of the company's stock valued at $15,798,000 after acquiring an additional 11,909 shares in the last quarter. CIBC Asset Management Inc bought a new stake in shares of Victoria's Secret & Co. in the 4th quarter valued at $311,000. Finally, New York State Common Retirement Fund grew its position in Victoria's Secret & Co. by 4.4% in the 4th quarter. New York State Common Retirement Fund now owns 26,478 shares of the company's stock valued at $1,097,000 after purchasing an additional 1,117 shares during the period. Institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Up 2.5%

VSCO traded up $0.46 during mid-day trading on Friday, reaching $18.86. 3,523,479 shares of the stock were exchanged, compared to its average volume of 3,007,425. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.33 and a current ratio of 1.16. The stock has a market capitalization of $1.51 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 1.03 and a beta of 2.26. The company has a 50 day moving average price of $19.95 and a two-hundred day moving average price of $27.41. Victoria's Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.09. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Victoria's Secret & Co. had a net margin of 2.69% and a return on equity of 37.76%. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 EPS. As a group, research analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Morgan Stanley reissued a "positive" rating on shares of Victoria's Secret & Co. in a research report on Thursday, June 12th. UBS Group set a $24.00 price target on shares of Victoria's Secret & Co. and gave the company a "neutral" rating in a research report on Friday, May 23rd. Wells Fargo & Company reissued an "underweight" rating and issued a $15.00 price target (up previously from $12.00) on shares of Victoria's Secret & Co. in a research report on Wednesday, May 14th. Finally, Bank of America reduced their price target on shares of Victoria's Secret & Co. from $20.00 to $18.00 and set an "underperform" rating for the company in a research report on Thursday, June 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $24.64.

Insiders Place Their Bets

In other news, major shareholder International Pte Ltd Bbrc acquired 584,000 shares of the business's stock in a transaction on Friday, March 28th. The shares were purchased at an average cost of $18.48 per share, with a total value of $10,792,320.00. Following the acquisition, the insider now directly owns 10,098,131 shares of the company's stock, valued at $186,613,460.88. The trade was a 6.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought 881,645 shares of company stock valued at $15,881,968 in the last three months. 0.45% of the stock is currently owned by insiders.

Victoria's Secret & Co. Company Profile

Victoria's Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.