Victoria’s Secret & Co. (NYSE:VSCO) Shares Sold by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC decreased its position in Victoria’s Secret & Co. (NYSE:VSCO) by 24.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,407 shares of the company’s stock after selling 5,700 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Victoria’s Secret & Co. were worth $447,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VSCO. Blue Trust Inc. grew its position in shares of Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after acquiring an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Victoria’s Secret & Co. in the 2nd quarter valued at $50,000. Quarry LP grew its position in Victoria’s Secret & Co. by 126.6% in the 2nd 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 last quarter. GAMMA Investing LLC grew its position in Victoria’s Secret & Co. by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after buying an additional 1,652 shares during the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new position in Victoria’s Secret & Co. in the 3rd quarter valued at $92,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Up 6.1 %

VSCO opened at $37.09 on Monday. The firm has a 50 day moving average price of $29.25 and a 200 day moving average price of $23.36. The company has a market cap of $2.91 billion, a PE ratio of 21.56 and a beta of 2.10. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $37.72. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Sell-side analysts expect that Victoria’s Secret & Co. will post 2.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VSCO. BMO Capital Markets lifted their price objective on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Wells Fargo & Company upped their price target on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.00 price objective on shares of Victoria’s Secret & Co. in a research report on Thursday, October 17th. Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $23.00 to $25.00 in a research report on Wednesday, September 18th. Finally, TD Cowen upped their target price on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a report on Friday, August 30th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Hold” and a consensus target price of $26.30.

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.