Duality Advisers LP Buys Shares of 70,030 Victoria's Secret & Co. (NYSE:VSCO)

Duality Advisers LP acquired a new stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 70,030 shares of the company's stock, valued at approximately $1,859,000. Duality Advisers LP owned 0.09% of Victoria's Secret & Co. at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. CWM LLC lifted its holdings in shares of Victoria's Secret & Co. by 126.8% during the third quarter. CWM LLC now owns 1,635 shares of the company's stock worth $27,000 after purchasing an additional 914 shares during the period. Systematic Alpha Investments LLC acquired a new stake in shares of Victoria's Secret & Co. during the third quarter worth $58,000. Arena Capital Advisors LLC CA acquired a new stake in shares of Victoria's Secret & Co. during the fourth quarter worth $106,000. NBC Securities Inc. acquired a new stake in shares of Victoria's Secret & Co. during the third quarter worth $74,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Victoria's Secret & Co. during the third quarter worth $82,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria's Secret & Co. Price Performance

Shares of VSCO stock traded up $0.55 during mid-day trading on Tuesday, reaching $17.56. The stock had a trading volume of 2,181,271 shares, compared to its average volume of 2,834,911. Victoria's Secret & Co. has a 12-month low of $13.62 and a 12-month high of $34.10. The company has a market cap of $1.36 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 1.10 and a beta of 2.07. The business has a 50-day simple moving average of $21.67 and a 200 day simple moving average of $22.62. The company has a current ratio of 0.95, a quick ratio of 0.34 and a debt-to-equity ratio of 2.56.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.46 by $0.12. The business had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.09 billion. Victoria's Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. On average, sell-side analysts anticipate that Victoria's Secret & Co. will post 1.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on VSCO. BMO Capital Markets cut their price objective on Victoria's Secret & Co. from $29.00 to $26.00 and set an "outperform" rating for the company in a research report on Thursday, March 7th. Bank of America reiterated an "underperform" rating and issued a $15.00 price objective (down previously from $34.00) on shares of Victoria's Secret & Co. in a research report on Friday, March 8th. Wells Fargo & Company cut their price objective on Victoria's Secret & Co. from $32.00 to $25.00 and set an "overweight" rating for the company in a research report on Thursday, March 7th. JPMorgan Chase & Co. reiterated 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 report on Thursday, March 7th. Finally, Telsey Advisory Group cut their price objective on Victoria's Secret & Co. from $29.00 to $20.00 and set a "market perform" rating for the company in a research report on Thursday, March 7th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $22.00.

Victoria's Secret & Co. Profile

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.