Victoria’s Secret & Co. (NYSE:VSXY) Shares Gap Down – Here’s What Happened

Victoria’s Secret & Co. (NYSE:VSXY) gapped down before the market opened on Wednesday . The stock had previously closed at $80.06, but opened at $75.55. Victoria’s Secret & Co. shares last traded at $73.30, with a volume of 1,299,738 shares trading hands.

More Victoria’s Secret & Co. News

Here are the key news stories impacting Victoria’s Secret & Co. this week:

• Positive Sentiment: The company reported strong first-quarter 2026 results, with earnings of $0.60 per share versus $0.29 expected and revenue of $1.56 billion versus $1.52 billion expected, while swinging to a profit and showing improved margins. Article title
• Positive Sentiment: Management raised full-year 2026 guidance above Street expectations, signaling confidence that stronger sales and lower tariff costs can continue to support the turnaround. Article title
• Positive Sentiment: Several analysts turned more bullish after the report: Wells Fargo raised its price target to $90 and Telsey Advisory Group also lifted its target to $90, both implying further upside from recent levels. Article title
• Positive Sentiment: Independent proxy advisors ISS, Glass Lewis, and Egan-Jones all recommended shareholders vote for the company’s nominees, reducing the risk of board disruption ahead of the June 11 annual meeting. Article title
• Positive Sentiment: Coverage describing record highs and a successful turnaround underscores improving investor sentiment as the company’s bra strategy and broader transformation appear to be resonating with shoppers. Article title

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Victoria’s Secret & Co. from $57.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday. Weiss Ratings downgraded shares of Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Barclays upped their price target on shares of Victoria’s Secret & Co. from $67.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday. Bank of America upgraded Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $58.00 to $68.00 in a research note on Wednesday, April 29th. Finally, Zacks Research raised Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $75.00.

Victoria’s Secret & Co. Stock Down 7.5%

The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.54 and a current ratio of 1.25. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 39.80, a PEG ratio of 0.95 and a beta of 2.16. The business’s 50 day moving average price is $49.54 and its 200 day moving average price is $51.89.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.31. Victoria’s Secret & Co. had a net margin of 2.45% and a return on equity of 33.55%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the business posted $0.09 EPS. On average, equities analysts forecast that Victoria’s Secret & Co. will post 3.49 EPS for the current year.

Insiders Place Their Bets

In other news, Director Donna James bought 2,175 shares of the stock in a transaction dated Thursday, April 2nd. The shares were acquired at an average cost of $46.23 per share, with a total value of $100,550.25. Following the purchase, the director directly owned 63,097 shares in the company, valued at $2,916,974.31. The trade was a 3.57% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anne Sheehan bought 4,842 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were acquired at an average price of $45.86 per share, for a total transaction of $222,054.12. Following the completion of the transaction, the director directly owned 34,261 shares in the company, valued at approximately $1,571,209.46. This trade represents a 16.46% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Victoria’s Secret & Co.

A number of hedge funds have recently bought and sold shares of VSXY. Bank of America Corp DE increased its position in shares of Victoria’s Secret & Co. by 61.9% in the first quarter. Bank of America Corp DE now owns 632,358 shares of the company’s stock valued at $29,316,000 after buying an additional 241,660 shares in the last quarter. Edgestream Partners L.P. lifted its position in shares of Victoria’s Secret & Co. by 113.9% during the 1st quarter. Edgestream Partners L.P. now owns 32,718 shares of the company’s stock valued at $1,517,000 after buying an additional 17,425 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Victoria’s Secret & Co. by 3.5% during the 1st quarter. Janus Henderson Group PLC now owns 57,928 shares of the company’s stock valued at $2,685,000 after buying an additional 1,974 shares in the last quarter. Amundi grew its stake in Victoria’s Secret & Co. by 28.8% in the 1st quarter. Amundi now owns 20,308 shares of the company’s stock valued at $941,000 after acquiring an additional 4,537 shares during the period. Finally, California State Teachers Retirement System grew its stake in Victoria’s Secret & Co. by 23.5% in the 1st quarter. California State Teachers Retirement System now owns 84,333 shares of the company’s stock valued at $3,910,000 after acquiring an additional 16,044 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.

The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.