Victoria’s Secret Falls as Investors Focus on Softer Third-Quarter Profit Outlook

Victoria’s Secret & Co. (VSXY) is down 12.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied less to the just-reported second quarter and more to what comes next. While the company posted strong Q2 sales growth, beat its own adjusted profit guidance, and raised its full-year outlook, investors seem focused on a much lighter third-quarter operating income forecast and the fact that reported earnings were boosted by a large one-time tariff refund.

Details:

Second-quarter net sales rose 10.4% to about $1.61 billion, with comparable sales up 9%, showing continued momentum across stores, digital, and international operations.

Adjusted operating income was about $124 million, above the company’s prior guidance range, while adjusted earnings per share came in at $0.95.

Reported profit was helped by more than $140 million of IEEPA tariff refunds, which inflated GAAP results and may have made the quarter look stronger than the underlying run rate.

For the third quarter, the company projected net sales of $1.57 billion to $1.60 billion but only $10 million to $20 million of operating income, suggesting margin pressure even as revenue keeps growing.

Sources:

Victoria’s Secret & Co., SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$VSXY Insider Trading Activity

$VSXY insiders have traded $VSXY stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $VSXY stock by insiders over the last 6 months:

INTERNATIONAL PTE LTD BBRC has made 0 purchases and 4 sales selling 1,088,399 shares for an estimated $96,956,107.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$VSXY Hedge Fund Activity

We have seen 231 institutional investors add shares of $VSXY stock to their portfolio, and 221 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 3,220,609 shares (+51.8%) to their portfolio in Q2 2026, for an estimated $268,856,439
DME CAPITAL MANAGEMENT, LP removed 2,256,889 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $188,405,093
BBFIT INVESTMENTS PTE LTD removed 1,411,601 shares (-13.7%) from their portfolio in Q2 2026, for an estimated $117,840,451
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,380,550 shares (+inf%) to their portfolio in Q2 2026, for an estimated $115,248,314
AMERIPRISE FINANCIAL INC added 903,333 shares (+251.3%) to their portfolio in Q2 2026, for an estimated $75,410,238
JUPITER ASSET MANAGEMENT LTD added 884,330 shares (+inf%) to their portfolio in Q2 2026, for an estimated $73,823,868
BARINGTON COMPANIES MANAGEMENT, LLC removed 800,000 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $66,784,000

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$VSXY Analyst Ratings

Wall Street analysts have issued reports on $VSXY in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Telsey Advisory Group issued a "Outperform" rating on 06/03/2026

To track analyst ratings and price targets for $VSXY, check out Quiver Quantitative's $VSXY forecast page.

$VSXY Price Targets

Multiple analysts have issued price targets for $VSXY recently. We have seen 9 analysts offer price targets for $VSXY in the last 6 months, with a median target of $90.0.

Here are some recent targets:

Alex Straton from Morgan Stanley set a target price of $99.0 on 07/06/2026
Matthew Boss from JP Morgan set a target price of $88.0 on 06/08/2026
Jonna Kim from TD Cowen set a target price of $75.0 on 06/04/2026
Ike Boruchow from Wells Fargo set a target price of $90.0 on 06/03/2026
Adrienne Yih from Barclays set a target price of $108.0 on 06/03/2026
Corey Tarlowe from Jefferies set a target price of $73.0 on 06/03/2026
Brooke Roach from Goldman Sachs set a target price of $84.0 on 06/03/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.