On July 1, Victoria's Secret declined 5.08% in regular trading, trading at $79.25/share, with turnover of $49.02 million.
On the news front, the company disclosed on June 30 that major shareholder BBRC International (holding over 10%) sold 276,200 shares on June 26 at an average price of $88.50, cashing out approximately $24.44 million. This follows prior disposals of roughly 1.108 million shares on June 2 and 27,800 shares on June 4, bringing cumulative recent sell-offs to a substantial scale totaling over $110 million.
The persistent selling pressure from the major shareholder compounds earlier headwinds from investment bank downgrades. UBS downgraded the stock to Neutral from Buy with a $90 price target, while Jefferies cut its rating to Hold from Buy with a $73 target, both noting that the turnaround thesis has largely played out and upside remains limited given the stock's premium valuation at 15x estimated fiscal 2027 EPS relative to specialty retail peers.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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