Victoria's Secret (VSCO)
Market Price (2/20/2026): $61.5 | Market Cap: $5.0 BilSector: Consumer Discretionary | Industry: Apparel Retail
Victoria's Secret (VSCO)
Market Price (2/20/2026): $61.5Market Cap: $5.0 BilSector: Consumer DiscretionaryIndustry: Apparel Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldFCF Yield is 6.2% | Weak multi-year price returns3Y Excs Rtn is -19% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 59% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, Experiential Retail, Show more. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% | Stock price has recently run up significantly6M Rtn6 month market price return is 187%, 12M Rtn12 month market price return is 104% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.5% | ||
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 124% | ||
| Key risksVSCO key risks include [1] the struggle to modernize its outdated brand image amid intense competition from more inclusive brands, Show more. |
| Attractive yieldFCF Yield is 6.2% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, Experiential Retail, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -19% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 59% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 187%, 12M Rtn12 month market price return is 104% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.5% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 124% |
| Key risksVSCO key risks include [1] the struggle to modernize its outdated brand image amid intense competition from more inclusive brands, Show more. |
Qualitative Assessment
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Victoria's Secret (VSCO) stock has gained about 75% since 10/31/2025 because of the following key factors:
1. Stronger-than-anticipated Q3 2025 Financial Performance and Upgraded Full-Year Guidance.
Victoria's Secret reported robust third-quarter 2025 results on December 5, 2025, significantly exceeding analyst expectations. The company announced net sales of $1.472 billion, a 9% increase year-over-year, surpassing its own guidance range of $1.390 billion to $1.420 billion. Additionally, the reported diluted loss per share of $0.27 vastly beat the Zacks Consensus Estimate of a $0.60 loss, representing a positive surprise of 55.00%. Following these strong results, Victoria's Secret raised its fiscal year 2025 net sales guidance to between $6.450 billion and $6.480 billion and set its Q4 2025 adjusted net income per diluted share forecast between $2.20 and $2.45.
2. Numerous Analyst Upgrades and Substantial Price Target Revisions.
The period since late October 2025 saw multiple prominent financial institutions upgrade their ratings and significantly raise price targets for Victoria's Secret. Notably, on October 29, 2025, UBS upgraded the stock to "Buy" from "Neutral" and increased its price target by 84% from $25.00 to $46.00. Goldman Sachs also upgraded VSCO from "Sell" to "Neutral" on October 27, 2025, raising its price target by 77.78% from $18.00 to $32.00. Later, in December 2025, Telsey Advisory Group upgraded its rating to "Outperform" with a $66 price target, and JPMorgan upgraded the stock to "Overweight". These positive revisions continued into January 2026, with UBS raising its price target to $73 and Jefferies increasing its target to $65.
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1. Stronger-than-anticipated Q3 2025 Financial Performance and Upgraded Full-Year Guidance.
Victoria's Secret reported robust third-quarter 2025 results on December 5, 2025, significantly exceeding analyst expectations. The company announced net sales of $1.472 billion, a 9% increase year-over-year, surpassing its own guidance range of $1.390 billion to $1.420 billion. Additionally, the reported diluted loss per share of $0.27 vastly beat the Zacks Consensus Estimate of a $0.60 loss, representing a positive surprise of 55.00%. Following these strong results, Victoria's Secret raised its fiscal year 2025 net sales guidance to between $6.450 billion and $6.480 billion and set its Q4 2025 adjusted net income per diluted share forecast between $2.20 and $2.45.
2. Numerous Analyst Upgrades and Substantial Price Target Revisions.
The period since late October 2025 saw multiple prominent financial institutions upgrade their ratings and significantly raise price targets for Victoria's Secret. Notably, on October 29, 2025, UBS upgraded the stock to "Buy" from "Neutral" and increased its price target by 84% from $25.00 to $46.00. Goldman Sachs also upgraded VSCO from "Sell" to "Neutral" on October 27, 2025, raising its price target by 77.78% from $18.00 to $32.00. Later, in December 2025, Telsey Advisory Group upgraded its rating to "Outperform" with a $66 price target, and JPMorgan upgraded the stock to "Overweight". These positive revisions continued into January 2026, with UBS raising its price target to $73 and Jefferies increasing its target to $65.
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Stock Movement Drivers
Fundamental Drivers
The 74.0% change in VSCO stock from 10/31/2025 to 2/19/2026 was primarily driven by a 56.5% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 35.25 | 61.33 | 74.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,265 | 6,390 | 2.0% |
| Net Income Margin (%) | 2.4% | 2.7% | 10.4% |
| P/E Multiple | 18.7 | 29.2 | 56.5% |
| Shares Outstanding (Mil) | 80 | 81 | -1.2% |
| Cumulative Contribution | 74.0% |
Market Drivers
10/31/2025 to 2/19/2026| Return | Correlation | |
|---|---|---|
| VSCO | 74.0% | |
| Market (SPY) | 0.4% | 23.4% |
| Sector (XLY) | -3.1% | 33.0% |
Fundamental Drivers
The 226.2% change in VSCO stock from 7/31/2025 to 2/19/2026 was primarily driven by a 228.6% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.80 | 61.33 | 226.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,223 | 6,390 | 2.7% |
| Net Income Margin (%) | 2.7% | 2.7% | -0.9% |
| P/E Multiple | 8.9 | 29.2 | 228.6% |
| Shares Outstanding (Mil) | 79 | 81 | -2.5% |
| Cumulative Contribution | 226.2% |
Market Drivers
7/31/2025 to 2/19/2026| Return | Correlation | |
|---|---|---|
| VSCO | 226.2% | |
| Market (SPY) | 8.6% | 38.9% |
| Sector (XLY) | 5.2% | 42.6% |
Fundamental Drivers
The 68.7% change in VSCO stock from 1/31/2025 to 2/19/2026 was primarily driven by a 55.7% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 36.36 | 61.33 | 68.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,206 | 6,390 | 3.0% |
| Net Income Margin (%) | 2.5% | 2.7% | 7.9% |
| P/E Multiple | 18.8 | 29.2 | 55.7% |
| Shares Outstanding (Mil) | 79 | 81 | -2.5% |
| Cumulative Contribution | 68.7% |
Market Drivers
1/31/2025 to 2/19/2026| Return | Correlation | |
|---|---|---|
| VSCO | 68.7% | |
| Market (SPY) | 14.7% | 49.3% |
| Sector (XLY) | 0.8% | 55.2% |
Fundamental Drivers
The 45.5% change in VSCO stock from 1/31/2023 to 2/19/2026 was primarily driven by a 260.3% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.15 | 61.33 | 45.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,499 | 6,390 | -1.7% |
| Net Income Margin (%) | 6.5% | 2.7% | -58.9% |
| P/E Multiple | 8.1 | 29.2 | 260.3% |
| Shares Outstanding (Mil) | 81 | 81 | 0.0% |
| Cumulative Contribution | 45.5% |
Market Drivers
1/31/2023 to 2/19/2026| Return | Correlation | |
|---|---|---|
| VSCO | 45.5% | |
| Market (SPY) | 74.7% | 35.1% |
| Sector (XLY) | 60.1% | 38.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VSCO Return | 31% | -36% | -26% | 56% | 31% | 15% | 47% |
| Peers Return | 28% | -21% | 21% | 15% | 11% | 8% | 68% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 83% |
Monthly Win Rates [3] | |||||||
| VSCO Win Rate | 67% | 33% | 33% | 67% | 67% | 100% | |
| Peers Win Rate | 63% | 37% | 57% | 53% | 60% | 70% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| VSCO Max Drawdown | -4% | -52% | -60% | -40% | -64% | -1% | |
| Peers Max Drawdown | -10% | -43% | -30% | -18% | -30% | -3% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GAP, ZUMZ, GCO, TJX, ROST.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/19/2026 (YTD)
How Low Can It Go
| Event | VSCO | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -80.9% | -25.4% |
| % Gain to Breakeven | 422.9% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
Compare to GAP, ZUMZ, GCO, TJX, ROST
In The Past
Victoria's Secret's stock fell -80.9% during the 2022 Inflation Shock from a high on 8/13/2021. A -80.9% loss requires a 422.9% gain to breakeven.
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About Victoria's Secret (VSCO)
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.
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- Lululemon for lingerie and sleepwear.
- Bath & Body Works for lingerie and fragrances.
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- Lingerie: A wide range of intimate apparel including bras, panties, shapewear, and sleepwear.
- Beauty Products: Fragrances, body lotions, mists, and other personal care items.
- Loungewear & Apparel: Comfortable clothing such as pajamas, robes, activewear, and other casual wear.
- Accessories: Complementary fashion items including bags, hosiery, and other small goods.
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Victoria's Secret (symbol: VSCO) sells primarily to individuals, operating as a direct-to-consumer (B2C) retail company through its physical stores and e-commerce platforms. Its major customers can be categorized as follows:
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Women seeking fashion-forward and sensual intimate apparel and beauty products: This core customer segment is drawn to Victoria's Secret's legacy of alluring designs in lingerie, sleepwear, and its range of fragrances and body care. They often purchase for self-indulgence, special occasions, or to align with a perceived glamorous aesthetic.
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Women prioritizing comfort and everyday wear: As the brand has evolved, it increasingly caters to customers looking for comfortable loungewear, everyday basic bras and panties, and sleepwear. This segment values practicality, comfort, and inclusivity in sizing and styling, reflecting a broader appeal beyond traditional "sexy" offerings.
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Gift purchasers: A significant portion of sales comes from individuals purchasing items as gifts for others, such as partners, family, or friends. Victoria's Secret's brand recognition and product variety (from lingerie to beauty products) make it a frequent choice for gift-giving occasions.
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Hillary Super, Chief Executive Officer
Hillary Super has served as the CEO of Victoria's Secret & Co. since 2023, leading the company's strategic growth initiatives and brand revitalization. With over three decades of experience, she has driven growth and innovation across renowned fashion brands. Prior to joining Victoria's Secret, she was the CEO and board member of Savage X Fenty from 2023 to 2024. She also held the position of Global CEO for Anthropologie Group, where she successfully revitalized the women's apparel and accessories business, establishing the brand as a global lifestyle leader. Her career also includes significant merchandising and operational leadership roles at Gap, Old Navy, American Eagle Outfitters, and Guess?.
Scott Sekella, Chief Financial Operating Officer
Scott Sekella was appointed Chief Financial Operating Officer of Victoria's Secret & Co. in January 2025, succeeding Timothy Johnson, who is set to retire in June 2025. He previously served as the CFO of JOANN, a fabric and crafts retailer. Sekella also held financial leadership positions at Under Armour and Crocs. He is recognized for his extensive and diverse retail experience in identifying and accelerating strategies that enhance performance and profitability.
Melinda (Mel) McAfee, Chief Human Resources Officer and Chief Legal Officer
Melinda (Mel) McAfee joined Victoria's Secret & Co. in May 2021 as Chief Legal Officer, with her role expanding to include Chief Human Resources Officer in October 2022. She oversees governance, employment, privacy, regulatory compliance, and comprehensive legal strategy. Before Victoria's Secret, she was the Senior Vice President, General Counsel, and Corporate Secretary of EXPRESS, Inc. Her background also includes over 10 years as in-house counsel for Abercrombie & Fitch Co. and a partnership in the Labor & Employment practice at Vorys, Sater, Seymour and Pease, LLP.
Anne Stephenson, President, Victoria's Secret
Anne Stephenson became President of Victoria's Secret in May 2025. In this role, she is responsible for the brand's product strategy, brand development, and merchandising excellence. With over 25 years of experience in merchandising and brand leadership, Stephenson has previously served as Chief Merchandising Officer at Victoria's Secret & Co. and as chief merchant at Full Beauty Brands and Torrid. She also has more than 15 years of prior experience with Victoria's Secret.
Elizabeth Preis, Chief Marketing and Customer Officer
Elizabeth Preis serves as the Chief Marketing and Customer Officer of Victoria's Secret & Co. She is an experienced marketing executive with over 25 years in guiding iconic consumer brands. Her previous leadership roles include Global CMO at Anthropologie, as well as positions at Estée Lauder, J. Crew, and Saks Fifth Avenue. Preis is known for her ability to combine consumer insight with creative strategies to build strong brand connections.
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The key risks to Victoria's Secret & Co. (VSCO) primarily revolve around its struggle to maintain brand relevance in a dynamic market, persistent financial challenges, and operational vulnerabilities.
- Declining Brand Relevance and Intense Competition: Victoria's Secret has faced significant challenges in adapting its brand image to evolving consumer preferences. The company's historical marketing, which featured "Angels" and promoted a singular, often hyper-sexualized, beauty standard, has been deemed outdated in an era prioritizing body positivity, inclusivity, and comfort. This shift has led to increased competition from new brands that effectively cater to diverse body types and preferences, impacting Victoria's Secret's market share and sales. Despite rebranding efforts, the effectiveness of these changes in resonating with modern consumers and regaining market dominance remains a critical ongoing risk.
- Financial Performance and Macroeconomic Headwinds: Victoria's Secret has experienced declining sales and significant pressure on its profitability. The company's financial health grades indicate concerns, particularly regarding high leverage and financial stress. Economic downturns or recessions can reduce consumer spending on non-essential items like luxury lingerie, further impacting the company's revenue and results. Elevated tariff risks also pose a significant headwind, directly impacting margins and potentially increasing costs.
- Operational Vulnerabilities (Cybersecurity and Supply Chain): Victoria's Secret faces risks related to the reliability of its IT systems and the security of its data. A recent cybersecurity incident forced a temporary shutdown of its e-commerce platform and corporate systems, highlighting vulnerabilities that could erode consumer trust and incur future financial impacts. Additionally, the company is exposed to supply chain volatility, including issues like freight costs, vendor reliability, and labor disputes in key production regions. Any significant disruptions to these facilities could lead to inventory shortages, increased costs, and adversely affect operations.
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- Ultra-Fast Fashion Retailers: The aggressive expansion of ultra-fast fashion companies like Shein and Temu into the intimates category poses a significant emerging threat. These platforms leverage highly efficient supply chains, AI-driven trend identification, and ultra-low price points to flood the market with a vast array of trendy, inexpensive lingerie and sleepwear. This business model directly challenges Victoria's Secret's traditional retail pricing structure, product development cycles, and perceived value proposition, particularly among younger, budget-conscious consumers who prioritize variety and affordability over brand heritage.
- Highly Specialized Direct-to-Consumer (DTC) Brands: While DTC brands have been a competitive factor for some time, there is a clear emerging trend of increasingly specialized DTC lingerie brands that hyper-target specific niches based on inclusivity (e.g., broader size ranges, adaptive designs), sustainability (e.g., eco-friendly materials, ethical production), or unique functional needs (e.g., period underwear, post-mastectomy bras). These brands often build strong, authentic communities through social media, eroding Victoria's Secret's broad market appeal by offering deeply resonant alternatives that cater precisely to consumer values and specific demands that a larger, legacy brand struggles to address with the same agility and authenticity.
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Victoria's Secret (symbol: VSCO) operates in the addressable markets of lingerie, activewear, and beauty and personal care products. The estimated market sizes for these product categories are detailed below:
Lingerie Market
- Global: The global lingerie market was valued between approximately USD 44.92 billion and USD 94.63 billion in 2024. It is projected to grow to a range of approximately USD 69.38 billion to USD 165.69 billion by 2032 or 2033, with Compound Annual Growth Rates (CAGR) varying from 5.78% to 8.67% over the respective forecast periods.
- U.S.: The U.S. lingerie market was estimated to be between USD 17.11 billion and USD 23.20 billion in 2024. It is expected to reach a projected value between approximately USD 21.25 billion and USD 34.64 billion by 2030 or 2033, with CAGRs ranging from 4.1% to 7.2% from 2025.
Activewear Market
- Global: The global activewear market was estimated to be between USD 320.91 billion and USD 414.17 billion in 2024. This market is projected to reach between approximately USD 605.89 billion and USD 786.6 billion by 2030 to 2034, with CAGRs from 5.0% to 9.0% during the respective forecast periods.
- U.S.: The U.S. activewear market generated between approximately USD 97.41 billion and USD 128.51 billion in 2024. It is expected to grow to a range of approximately USD 158 billion to USD 203.25 billion by 2030 to 2033, with CAGRs ranging from 6.5% to 8.55% from 2025.
Beauty and Personal Care Products Market
- Global: The global beauty and personal care products market was valued between approximately USD 529.5 billion and USD 557.88 billion in 2024. It is projected to grow to a range of approximately USD 776.35 billion to USD 937.13 billion by 2030 to 2033, with CAGRs between 4.2% and 7.7% for the respective forecast periods.
- U.S.: The U.S. beauty and personal care products market was estimated to be between USD 93.27 billion and USD 102.73 billion in 2024. It is anticipated to reach between approximately USD 142.47 billion and USD 155.44 billion by 2030, with CAGRs from 5.1% to 7.37% from 2025.
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Expected Drivers of Future Revenue Growth for Victoria's Secret (VSCO)
- International Expansion: Victoria's Secret has demonstrated strong performance in its international markets, with significant sales growth reported in Q2 and Q3 of fiscal year 2025 (Q2 and Q3 2026 based on reporting schedules). This growth is fueled by global partnerships and increasing brand relevance, indicating that continued expansion and success in international operations will be a key revenue driver.
- Product Innovation and Differentiation: The company is focused on product innovation and strategic differentiation between its Victoria's Secret and PINK brands. Recent examples include the successful launch of the "Body by Victoria" collection and the new FlexFactor bra, which have driven new customer growth. Future product introductions, such as new sports bras and the Dreamshare Wicked Bra, are anticipated to further drive growth by meeting customer needs and strengthening the brand's competitive edge.
- Customer Acquisition and Enhanced Engagement: Victoria's Secret aims to deepen connections with existing customers and attract new ones by evolving its brand projection and go-to-market strategy. The company has reported double-digit new customer growth following product launches, highlighting the importance of compelling storytelling and a relevant product offering to expand its customer base and foster loyalty.
- Growth in Key Product Categories: The beauty business continues to be a standout performer, and sales growth has been observed across core categories like intimates and sports bras. The company is actively innovating within these categories, with new bra launches driving overall bra sales and increasing market share in the intimates segment.
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Share Repurchases
- In March 2024, Victoria's Secret & Co. authorized a new share repurchase program for up to $250 million of its common stock.
- A $250 million share repurchase program was approved in January 2023, slated to commence after an existing $250 million program was completed by the end of January 2023.
- The company executed share repurchases of $250 million in fiscal year 2022 and $125 million in fiscal year 2024.
Share Issuance
- Victoria's Secret & Co. became an independent publicly traded company on August 3, 2021, through a distribution of 100% of its common stock to stockholders of its former parent company.
- In fiscal year 2025, there was a net common equity issuance of $5 million.
- In 2024, stockholders approved an amendment to the 2021 Plan, increasing the number of shares available for issuance under the plan for equity compensation by 5 million shares.
Outbound Investments
- On December 30, 2022, Victoria's Secret & Co. completed the acquisition of AdoreMe, Inc., a digitally-native intimates brand.
- In April 2022, the company entered into a joint venture agreement with Regina Miracle International (Holdings) Limited to operate Victoria's Secret stores and the related online business in China, with Victoria's Secret & Co. holding a 51% ownership stake.
Capital Expenditures
- Expected capital expenditures for fiscal year 2025 are approximately $200 million, a reduction from a previous estimate of $220 million.
- Capital expenditures totaled $178 million in fiscal year 2024 and $256 million in fiscal year 2023.
- The primary focus of capital expenditures has been on the store capital program, including refreshing existing stores with a "store of the future" concept, and investing in technology to support strategic growth initiatives.
Latest Trefis Analyses
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Trade Ideas
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| 12192025 | KTB | Kontoor Brands | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.2% | 5.2% | -10.3% |
| 12192025 | COUR | Coursera | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | -21.8% | -21.8% | -24.2% |
| 03312025 | VSCO | Victoria's Secret | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 42.6% | 215.1% | -20.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 44.77 |
| Mkt Cap | 7.7 |
| Rev LTM | 10,834 |
| Op Inc LTM | 728 |
| FCF LTM | 544 |
| FCF 3Y Avg | 627 |
| CFO LTM | 862 |
| CFO 3Y Avg | 950 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.9% |
| Rev Chg 3Y Avg | -0.3% |
| Rev Chg Q | 7.5% |
| QoQ Delta Rev Chg LTM | 1.8% |
| Op Mgn LTM | 6.2% |
| Op Mgn 3Y Avg | 5.0% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 7.9% |
| CFO/Rev 3Y Avg | 8.4% |
| FCF/Rev LTM | 5.0% |
| FCF/Rev 3Y Avg | 5.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.7 |
| P/S | 0.7 |
| P/EBIT | 23.4 |
| P/E | 32.4 |
| P/CFO | 9.3 |
| Total Yield | 3.7% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 4.6% |
| D/E | 0.5 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.6% |
| 3M Rtn | 20.9% |
| 6M Rtn | 36.6% |
| 12M Rtn | 36.7% |
| 3Y Rtn | 63.3% |
| 1M Excs Rtn | 0.6% |
| 3M Excs Rtn | 16.2% |
| 6M Excs Rtn | 30.2% |
| 12M Excs Rtn | 24.9% |
| 3Y Excs Rtn | -3.8% |
Price Behavior
Price Behavior
| Market Price | $61.33 | |
| Market Cap ($ Bil) | 5.0 | |
| First Trading Date | 07/21/2021 | |
| Distance from 52W High | -6.9% | |
| 50 Days | 200 Days | |
| DMA Price | $57.79 | $33.78 |
| DMA Trend | up | up |
| Distance from DMA | 6.1% | 81.5% |
| 3M | 1YR | |
| Volatility | 63.8% | 70.4% |
| Downside Capture | -80.16 | 175.16 |
| Upside Capture | 276.95 | 228.79 |
| Correlation (SPY) | 19.4% | 49.5% |
VSCO Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.08 | 0.08 | 1.04 | 2.06 | 1.80 | 1.48 |
| Up Beta | 9.47 | 4.80 | 2.64 | 3.37 | 1.98 | 1.76 |
| Down Beta | -1.62 | -1.22 | 0.70 | 1.29 | 1.46 | 1.05 |
| Up Capture | -71% | 102% | 231% | 524% | 342% | 290% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 8 | 18 | 28 | 64 | 121 | 367 |
| Down Capture | -126% | -158% | -56% | 65% | 137% | 110% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 12 | 23 | 33 | 61 | 129 | 382 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VSCO | |
|---|---|---|---|---|
| VSCO | 96.3% | 70.5% | 1.25 | - |
| Sector ETF (XLY) | 3.4% | 24.2% | 0.08 | 55.5% |
| Equity (SPY) | 13.0% | 19.4% | 0.51 | 49.6% |
| Gold (GLD) | 71.2% | 25.5% | 2.08 | -2.4% |
| Commodities (DBC) | 7.3% | 16.9% | 0.25 | 11.8% |
| Real Estate (VNQ) | 6.4% | 16.7% | 0.20 | 30.1% |
| Bitcoin (BTCUSD) | -30.2% | 44.9% | -0.66 | 19.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VSCO | |
|---|---|---|---|---|
| VSCO | 2.1% | 63.1% | 0.30 | - |
| Sector ETF (XLY) | 7.3% | 23.7% | 0.27 | 43.6% |
| Equity (SPY) | 13.4% | 17.0% | 0.62 | 41.5% |
| Gold (GLD) | 22.0% | 17.1% | 1.05 | 1.0% |
| Commodities (DBC) | 11.0% | 19.0% | 0.47 | 9.0% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 32.4% |
| Bitcoin (BTCUSD) | 6.9% | 57.1% | 0.34 | 15.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VSCO | |
|---|---|---|---|---|
| VSCO | 1.0% | 63.1% | 0.30 | - |
| Sector ETF (XLY) | 14.2% | 21.9% | 0.59 | 43.6% |
| Equity (SPY) | 15.8% | 17.9% | 0.76 | 41.5% |
| Gold (GLD) | 15.0% | 15.6% | 0.80 | 1.0% |
| Commodities (DBC) | 8.7% | 17.6% | 0.41 | 9.0% |
| Real Estate (VNQ) | 6.8% | 20.7% | 0.29 | 32.4% |
| Bitcoin (BTCUSD) | 67.7% | 66.7% | 1.07 | 15.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 12/5/2025 | 18.0% | 26.9% | 46.6% |
| 8/28/2025 | -0.5% | 12.7% | 15.2% |
| 6/3/2025 | -2.7% | 9.1% | -2.1% |
| 3/5/2025 | -8.2% | -22.6% | -33.0% |
| 12/5/2024 | 11.6% | 8.8% | -9.0% |
| 8/14/2024 | 16.4% | 27.7% | 16.5% |
| 6/5/2024 | -6.5% | -20.8% | -21.3% |
| 3/6/2024 | -29.7% | -24.2% | -27.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 8 | 4 |
| # Negative | 10 | 10 | 14 |
| Median Positive | 13.0% | 10.4% | 15.8% |
| Median Negative | -5.8% | -13.3% | -14.2% |
| Max Positive | 18.0% | 27.7% | 46.6% |
| Max Negative | -29.7% | -24.2% | -33.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 10/31/2025 | 12/05/2025 | 10-Q |
| 07/31/2025 | 09/05/2025 | 10-Q |
| 04/30/2025 | 06/12/2025 | 10-Q |
| 01/31/2025 | 03/21/2025 | 10-K |
| 10/31/2024 | 12/09/2024 | 10-Q |
| 07/31/2024 | 09/06/2024 | 10-Q |
| 04/30/2024 | 06/07/2024 | 10-Q |
| 01/31/2024 | 03/22/2024 | 10-K |
| 10/31/2023 | 12/01/2023 | 10-Q |
| 07/31/2023 | 09/01/2023 | 10-Q |
| 04/30/2023 | 06/02/2023 | 10-Q |
| 01/31/2023 | 03/17/2023 | 10-K |
| 10/31/2022 | 12/02/2022 | 10-Q |
| 07/31/2022 | 09/08/2022 | 10-Q |
| 04/30/2022 | 06/03/2022 | 10-Q |
| 01/31/2022 | 03/18/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bbrc, International Pte Ltd | See Footnote 2 | Buy | 4042025 | 16.15 | 212,500 | 3,431,620 | 166,504,318 | Form | |
| 2 | Bbrc, International Pte Ltd | See Footnote 2 | Buy | 4012025 | 18.48 | 584,000 | 10,793,955 | 186,641,736 | Form | |
| 3 | Bbrc, International Pte Ltd | See Footnote 2 | Buy | 3282025 | 19.47 | 85,145 | 1,658,054 | 182,850,490 | Form | |
| 4 | Bbrc, International Pte Ltd | See Footnote 2 | Buy | 3282025 | 19.46 | 124,326 | 2,419,794 | 185,176,386 | Form | |
| 5 | Bbrc, International Pte Ltd | See Footnote 2 | Buy | 3142025 | 16.78 | 80,328 | 1,348,064 | 155,323,233 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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