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

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

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Telsey Advisory Group cut their price objective on shares of 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. Wells Fargo & Company dropped their target price on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, March 7th. Bank of America reissued an “underperform” rating and issued a $15.00 target price (down previously from $34.00) on shares of Victoria’s Secret & Co. in a report on Friday, March 8th. BMO Capital Markets dropped their target price on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Thursday, March 7th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $15.00 target price (down previously from $22.00) on shares of Victoria’s Secret & Co. in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Victoria’s Secret & Co. has an average rating of “Hold” and an average price target of $22.00.

Victoria’s Secret & Co. Stock Down 1.6 %

Shares of NYSE VSCO opened at $17.01 on Tuesday. The company has a 50 day simple moving average of $21.89 and a 200 day simple moving average of $22.60. The firm has a market cap of $1.32 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.10 and a beta of 2.07. Victoria’s Secret & Co. has a 1 year low of $13.62 and a 1 year high of $34.10. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34.

Victoria’s Secret & Co. (NYSE:VSCO) last released its 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 the consensus estimate of $2.09 billion. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. On average, research analysts forecast that Victoria’s Secret & Co. will post 1.67 EPS for the current year.

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.