Robert Way Investment Action I recommended a hold rating for Victoria's Secret (NYSE:VSCO) when I wrote about it in November last year, as I was disappointed by management's failure to deliver against its guidance and that SSSG remained weak. Based on my current outlook and analysis, I recommend a hold rating. I am positive about the new CEO given her strong set of expertise and relevant experience in this industry. However, I think it is not the right time to invest today given the negative macro outlook, ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...

Table of Contents Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ FORM 10-Q _________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 3, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40515 _____________________ ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Victoria's Secret & Co. (VSCO) stock recently made a comeback despite registering a 10.5% decline in the past six months. VSCO has rallied 37.4% compared with the industry's 12.8% rise and the S&P 500's 8.7% increase in the past month. The upside signals a potential turnaround, capturing investors' attention and positioning VSCO as a stock to watch closely. As of Friday, the stock closed at $23.46, below its 52-week high of $30.80 but above its 52-week low of $13.62. It also underperformed other industry pl ...

Earnings beat analyst estimates, but investors were still discouraged by overall declines. Shares of Victoria's Secret (VSCO -3.70%) were falling on Thursday, down as much as 9.6% in early trading before recovering to a 3.4% decline as of 2:37 p.m. ET. While the apparel giant delivered revenue and earnings above expectations for the second quarter last night, the company is still seeing declines across most of its business. And with the stock having popped earlier this month on news of the appointment a new ...

Victoria's Secret & Co. (VSCO) posted decent second-quarter fiscal 2024 results, with the top and the bottom line surpassing the Zacks Consensus Estimate. Earnings beat the consensus estimate for the third straight quarter. Victoria's Secret posted positive business trends in North America in the third quarter, with encouraging early feedback on fall assortments for Victoria's Secret and PINK brands. The beauty segment performed well, driving customer traffic to stores. Going forward, the company emphasized ...

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Victoria's Secret & Co. (NYSE:VSCO) Q2 2024 Earnings Conference Call August 29, 2024 8:00 AM ET Company Participants Kevin Wynk - VP, External Financial Reporting & IR Tim Johnson - Interim CEO & CFO Conference Call Participants Ike Boruchow - Wells Fargo Alex Straton - Morgan Stanley Corey Tarlowe - Jefferies Brooke Roach - Goldman Sachs Mauricio Serna - UBS Simeon Siegel - BMO Capital Markets Jonna Kim - TD Cowen Operator Good morning. My name is Amanda, and I will be your conference operator today. At th ...

Victoria's Secret (VSCO) reported $1.42 billion in revenue for the quarter ended July 2024, representing a yearover-year decline of 0.7%. EPS of $0.40 for the same period compares to $0.24 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.41 billion, representing a surprise of +0.44%. The company delivered an EPS surprise of +5.26%, with the consensus EPS estimate being $0.38. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...