GAMMA Investing LLC Purchases 42,165 Shares of Victoria's Secret & Co. (NYSE:VSCO)

GAMMA Investing LLC boosted its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 1,209.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 45,651 shares of the company's stock after acquiring an additional 42,165 shares during the period. GAMMA Investing LLC owned 0.06% of Victoria's Secret & Co. worth $848,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP increased its position in shares of Victoria's Secret & Co. by 481.5% in the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock worth $81,049,000 after purchasing an additional 1,620,256 shares during the last quarter. FMR LLC increased its position in shares of Victoria's Secret & Co. by 44.7% in the fourth quarter. FMR LLC now owns 3,988,122 shares of the company's stock worth $165,188,000 after purchasing an additional 1,231,090 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Victoria's Secret & Co. in the fourth quarter worth approximately $37,693,000. SRS Investment Management LLC purchased a new stake in Victoria's Secret & Co. in the fourth quarter worth approximately $37,011,000. Finally, Point72 Asset Management L.P. purchased a new stake in Victoria's Secret & Co. in the fourth quarter worth approximately $24,940,000. 90.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc bought 85,145 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were acquired at an average cost of $19.47 per share, with a total value of $1,657,773.15. Following the completion of the transaction, the insider now owns 9,389,805 shares of the company's stock, valued at approximately $182,819,503.35. This trade represents a 0.92% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 881,645 shares of company stock worth $15,881,968 over the last three months. 0.45% of the stock is currently owned by corporate insiders.

Victoria's Secret & Co. Price Performance

VSCO opened at $18.37 on Wednesday. The stock has a fifty day simple moving average of $19.93 and a two-hundred day simple moving average of $27.91. The company has a current ratio of 1.16, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 1.03 and a beta of 2.26. Victoria's Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Victoria's Secret & Co. had a return on equity of 37.76% and a net margin of 2.69%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company earned $0.12 earnings per share. The company's revenue was down .5% on a year-over-year basis. Research analysts predict that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on VSCO shares. Cowen reaffirmed a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday, March 7th. Morgan Stanley reissued a "positive" rating on shares of Victoria's Secret & Co. in a research note on Thursday, June 12th. JPMorgan Chase & Co. increased their price objective on Victoria's Secret & Co. from $17.00 to $22.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 price objective on shares of Victoria's Secret & Co. in a research note on Wednesday, June 11th. Finally, The Goldman Sachs Group reissued a "sell" rating and set a $15.00 price objective on shares of Victoria's Secret & Co. in a research note on Wednesday, June 4th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $24.64.

Victoria's Secret & Co. 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.

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