Alpha DNA Investment Management LLC Reduces Stock Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

Alpha DNA Investment Management LLC lessened its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 39.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,593 shares of the company’s stock after selling 6,814 shares during the period. Alpha DNA Investment Management LLC’s holdings in Victoria’s Secret & Co. were worth $439,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Victoria’s Secret & Co. by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company’s stock valued at $369,793,000 after acquiring an additional 58,981 shares during the period. FMR LLC grew its holdings in Victoria’s Secret & Co. by 44.7% during the 4th quarter. FMR LLC now owns 3,988,122 shares of the company’s stock valued at $165,188,000 after purchasing an additional 1,231,090 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Victoria’s Secret & Co. by 7.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company’s stock worth $85,168,000 after purchasing an additional 137,074 shares during the period. Marshall Wace LLP lifted its stake in 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. Finally, Geode Capital Management LLC boosted its position in shares of Victoria’s Secret & Co. by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock valued at $46,121,000 after buying an additional 24,967 shares during the period. 90.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on VSCO. Telsey Advisory Group reduced their price target on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their target price on Victoria’s Secret & Co. from $35.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. BMO Capital Markets cut their price target on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. The Goldman Sachs Group reduced their price target on shares of Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating on the stock in a research note on Monday, March 10th. Finally, Morgan Stanley lowered their price objective on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Victoria’s Secret & Co. has a consensus rating of “Hold” and a consensus price target of $30.09.

Insider Buying and Selling

In other news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $16.78 per share, with a total value of $1,347,903.84. Following the transaction, the insider now directly owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. This represents a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 1,503,973 shares of company stock worth $26,617,312 in the last three months. 1.10% of the stock is owned by insiders.

Victoria’s Secret & Co. Trading Up 2.5 %

NYSE VSCO opened at $16.01 on Friday. Victoria’s Secret & Co. has a one year low of $13.76 and a one year high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. The company’s 50-day simple moving average is $21.61 and its two-hundred day simple moving average is $31.06.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Equities analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

About Victoria’s Secret & Co.

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.