Streetbeat News

VSCO

Victoria's Secret & Co.

https://www.victoriassecretandco.com

Industry

Apparel - Retail

Victoria's Secret & Co. operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands. As of March 2, 2022, it operated approximately 1,400 retail stores. The company was incorporated in 2021 and is headquartered in Reynoldsburg, Ohio.

Open

35.66

Mkt cap

2.7B

Volume

1.8M

High

36.02

P/E Ratio

19.98

52-wk high

36.10

Low

34.52

Div yield

N/A

52-wk low

15.12

Victoria's Secret & Co. (NYSE:VSCO) shares fell 8% after reporting Q2 results. Revenue slightly beat expectations, but comparable sales decreased. Adjusted EPS exceeded estimates. The company revised its full-year outlook, expecting a 1% sales decrease. New CEO Hillary Super will start on September 9. Investors can access VSCO via SPDR S&P Retail ETF (NYSE:XRT).

Portfolio Pulse from Lekha Gupta

August 29, 2024 | 1:39 pm

Wells Fargo has maintained an Overweight rating on Victoria's Secret and increased its price target from $28 to $30, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:14 pm

Victoria's Secret shares rose following the company's announcement of better-than-expected Q2 earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:54 am

The market is stabilizing after Nvidia's earnings report, with index futures rising. Nvidia shares are recovering, and strong tech earnings could offset previous losses. Key economic data, including GDP and inflation measures, are expected to influence market movements. Several companies, including Nvidia, Affirm, and HP, are experiencing significant stock price changes due to earnings reports.

Portfolio Pulse from Shanthi Rexaline

August 29, 2024 | 10:54 am

Victoria's Secret & Co has announced an expected Q3 adjusted EPS between $(0.60) and $(0.80), significantly below the estimated $0.34. This indicates potential financial challenges for the company.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:23 pm

Victoria's Secret reported Q2 2024 earnings per share of $0.40, surpassing the analyst estimate of $0.36. Sales were $1.42 billion, slightly above the $1.41 billion estimate, but down 0.70% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:17 pm

US stocks and chipmakers fell on Wednesday as traders were cautious ahead of Nvidia's earnings report. The iShares Semiconductor ETF dropped 2%, and Super Micro Computer plunged 26% due to filing delays and a short-seller report. Berkshire Hathaway reached a $1 trillion valuation.

Portfolio Pulse from Piero Cingari

August 28, 2024 | 4:53 pm

Nasdaq and S&P 500 futures are flat as traders await Nvidia's earnings, which are seen as a key indicator for the AI sector and broader market. Nordstrom's positive earnings may boost retail stocks, while other tech earnings could improve sentiment. Several companies, including Nordstrom, Ambarella, and Box, showed significant premarket movements based on earnings reports.

Portfolio Pulse from Shanthi Rexaline

August 28, 2024 | 10:43 am

Starbucks has appointed Brian Niccol as its new CEO, offering him a $10-million signing bonus and the ability to work remotely, highlighting a trend where executives enjoy remote work flexibility while lower-level employees are required to return to the office. This trend is seen across other companies like Victoria's Secret and Amazon, where remote work policies differ between executives and regular employees.

Portfolio Pulse from Aaron Bry

August 19, 2024 | 4:32 pm

Victoria's Secret shares are trading higher after multiple analysts raised their respective price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 6:39 pm

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