Victoria's Secret & Company (VSXY)
NYSE:VSXY
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Victoria's Secret
(NYSE:VSXY)
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Rating:60Neutral
Price Target:
$63.00
▲(15.13% Upside)
Action:Reiterated
Date:05/21/26
The score is driven by improving sales/cash generation and a low P/E alongside upbeat FY26 guidance, but is held back by high leverage and still-thin margins, with near-term technical momentum also subdued.
Positive Factors
Improving cash generation
Sustained recovery in operating cash flow and higher FCF provide durable internal funding for capex, store refits and strategic investments, improving debt servicing capacity and reducing refinancing risk. Strong cash conversion supports execution of growth initiatives over 2–6 months.
Negative Factors
High leverage
A debt-heavy capital structure materially limits financial flexibility in a cyclical retail business. High leverage increases sensitivity to margin compression or demand shocks, constrains strategic optionality and raises refinancing risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation
Sustained recovery in operating cash flow and higher FCF provide durable internal funding for capex, store refits and strategic investments, improving debt servicing capacity and reducing refinancing risk. Strong cash conversion supports execution of growth initiatives over 2–6 months.
Read all positive factors
Victoria's Secret Key Performance Indicators (KPIs)
Any
Revenue by Segment
Shows how much revenue each business segment generates, highlighting which areas drive growth and profitability.
Shows how much revenue each business segment generates, highlighting which areas drive growth and profitability.
Data provided by:
The Fly
The FlyVictoria's Secret (VSXY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.80B
Dividend YieldN/A
Average Volume (3M)2.55M
Price to Earnings (P/E)30.0
Beta (1Y)1.90
Revenue Growth8.65%
EPS Growth23.86%
CountryUS
Employees33,000
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)1.86
Shares Outstanding79,425,670
10 Day Avg. Volume3,972,410
30 Day Avg. Volume2,554,552
Financial Highlights & Ratios
PEG Ratio-11.11
Price to Book (P/B)5.09
Price to Sales (P/S)0.67
P/FCF Ratio13.98
Enterprise Value/Market Cap1.15
Enterprise Value/Revenue1.02
Enterprise Value/Gross Profit2.81
Enterprise Value/Ebitda12.98
Forecast
1Y Price Target
$81.78Price Target Upside49.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)4.26
Revenue Forecast (FY)$7.07B
Victoria's Secret Business Overview & Revenue Model
Company Description
Victoria's Secret & Co. operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, sleepwear, apparel, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg,...
How the Company Makes Money
VSCO makes money primarily by selling branded merchandise to consumers at retail and online. Its core revenue streams are (1) Victoria’s Secret products—most notably bras, panties, lingerie, sleepwear, and loungewear—and (2) PINK products, which f...
Victoria's Secret Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
44
Neutral
Cash Flow
72
Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.55B | 6.23B | 6.18B | 6.34B | 6.79B |
| Gross Profit | 2.38B | 2.28B | 2.24B | 2.26B | 2.76B |
| EBITDA | 516.00M | 565.00M | 530.00M | 751.00M | 1.17B |
| Net Income | 161.00M | 165.00M | 109.00M | 348.00M | 646.00M |
Balance Sheet | |||||
| Total Assets | 5.01B | 4.53B | 4.60B | 4.71B | 4.34B |
| Cash, Cash Equivalents and Short-Term Investments | 518.00M | 227.00M | 270.00M | 427.00M | 490.00M |
| Total Debt | 2.85B | 2.70B | 2.70B | 2.79B | 2.64B |
| Total Liabilities | 4.10B | 3.87B | 4.16B | 4.31B | 4.09B |
| Stockholders Equity | 856.00M | 640.00M | 417.00M | 383.00M | 257.00M |
Cash Flow | |||||
| Free Cash Flow | 312.00M | 247.00M | 133.00M | 273.00M | 682.00M |
| Operating Cash Flow | 499.00M | 425.00M | 389.00M | 437.00M | 851.00M |
| Investing Cash Flow | -184.00M | -153.00M | -254.00M | -555.00M | -169.00M |
| Financing Cash Flow | -24.00M | -315.00M | -291.00M | 58.00M | -527.00M |
Victoria's Secret Technical Analysis
Positive
54.72
Price Trends
52.20
Positive
54.19
Positive
45.52
Positive
Market Momentum
6.26
Negative
69.41
Neutral
81.63
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VSXY, the sentiment is Positive. The current price of 54.72 is below the 20-day moving average (MA) of 55.40, above the 50-day MA of 52.20, and above the 200-day MA of 45.52, indicating a bullish trend. The MACD of 6.26 indicates Negative momentum. The RSI at 69.41 is Neutral, neither overbought nor oversold. The STOCH value of 81.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VSXY.
Victoria's Secret Risk Analysis
Victoria's Secret disclosed 42 risk factors in its most recent earnings report. Victoria's Secret reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Victoria's Secret Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $3.49B | 6.86 | 36.89% | ― | 5.13% | 0.95% | |
72 Outperform | $2.24B | 10.25 | 47.36% | 6.82% | 7.10% | 12.26% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $443.13M | 20.10 | 3.68% | ― | 4.60% | ― | |
60 Neutral | $5.80B | 30.04 | 22.70% | ― | 8.65% | 23.86% | |
60 Neutral | $2.79B | 9.84 | 17.24% | 2.09% | 6.22% | 65.05% |
* Consumer Cyclical Sector Average
VSXY
Victoria's Secret
74.60
51.88
228.35%
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Victoria's Secret Corporate Events
Business Operations and StrategyDelistings and Listing ChangesFinancial Disclosures
Victoria’s Secret Unveils New NYSE Ticker Symbol VSXY
Positive
May 21, 2026
Victoria’s Secret Co. announced on May 21, 2026, that its common stock will begin trading on the New York Stock Exchange under the new ticker symbol VSXY starting June 2, 2026, with no action required from shareholders and no change to its ...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Victoria’s Secret Director Steps Down Amid Proxy Contest
Neutral
May 11, 2026
On May 10, 2026, Victoria’s Secret disclosed that director Mariam Naficy has chosen not to stand for re-election at the company’s annual meeting scheduled for June 11, 2026, citing near-term professional commitments and the demands of ...
Business Operations and StrategyFinancial Disclosures
Victoria’s Secret Tops Guidance, Advances Path to Potential
Positive
Mar 5, 2026
Victoria’s Secret Co. reported on March 5, 2026, that its fourth quarter and full-year 2025 results, for the period ended January 31, 2026, exceeded prior top- and bottom-line guidance, underlining the early success of its Path to Potential...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.