Alpha DNA Investment Management LLC Sells 5,700 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Alpha DNA Investment Management LLC lowered its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 24.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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 reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SummerHaven Investment Management LLC grew its position in Victoria’s Secret & Co. by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock worth $663,000 after purchasing an additional 715 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Victoria’s Secret & Co. by 13.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock valued at $179,000 after acquiring an additional 835 shares during the period. Louisiana State Employees Retirement System lifted its stake in Victoria’s Secret & Co. by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock valued at $696,000 after acquiring an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Victoria’s Secret & Co. by 8.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock valued at $294,000 after acquiring an additional 1,280 shares during the period. Finally, Blue Trust Inc. lifted its stake in Victoria’s Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after acquiring an additional 1,505 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $37.09 on Monday. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $37.72. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 21.56 and a beta of 2.10. The company has a fifty day simple moving average of $29.25 and a 200-day simple moving average of $23.36. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27.

Victoria’s Secret & Co. (NYSE:VSCO) last released 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 business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, equities analysts anticipate that Victoria’s Secret & Co. will post 2.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Telsey Advisory Group restated a “market perform” rating and set a $27.00 price objective on shares of Victoria’s Secret & Co. in a research note on Thursday, October 17th. Jefferies Financial Group boosted their target price on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Morgan Stanley upped their price objective on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Wells Fargo & Company upped their price objective on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, TD Cowen upped their price objective on shares of 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, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.30.

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.