Brokerages Anticipate Vitamin Shoppe, Inc (VSI) Will Post Quarterly Sales of $295.87 Million
Wall Street analysts forecast that Vitamin Shoppe, Inc (NYSE:VSI) will post $295.87 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Vitamin Shoppe’s earnings, with estimates ranging from $294.20 million to $296.94 million. Vitamin Shoppe reported sales of $314.89 million during the same quarter last year, which would suggest a negative year over year growth rate of 6%. The firm is expected to issue its next earnings report on Wednesday, November 1st.
On average, analysts expect that Vitamin Shoppe will report full year sales of $295.87 million for the current year, with estimates ranging from $1.18 billion to $1.25 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.19 billion per share, with estimates ranging from $1.16 billion to $1.25 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Vitamin Shoppe.
Vitamin Shoppe (NYSE:VSI) last released its quarterly earnings results on Wednesday, August 9th. The specialty retailer reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.16. Vitamin Shoppe had a positive return on equity of 8.33% and a negative net margin of 11.98%. The business had revenue of $304.84 million during the quarter, compared to analyst estimates of $314.74 million. During the same quarter last year, the firm posted $0.55 EPS. The company’s revenue was down 8.4% compared to the same quarter last year.
Several equities research analysts have recently issued reports on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $6.00 price target (down from $13.00) on shares of Vitamin Shoppe in a research report on Thursday, August 10th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $7.00 price target (down from $14.00) on shares of Vitamin Shoppe in a research report on Thursday, August 10th. Barclays PLC lowered their price target on Vitamin Shoppe from $13.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 10th. TheStreet downgraded Vitamin Shoppe from a “c-” rating to a “d” rating in a research report on Wednesday, August 9th. Finally, Morgan Stanley set a $8.00 price target on Vitamin Shoppe and gave the company a “hold” rating in a research report on Thursday, August 10th. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $14.38.
In related news, Director John D. Bowlin bought 40,000 shares of Vitamin Shoppe stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average price of $5.50 per share, for a total transaction of $220,000.00. Following the completion of the purchase, the director now owns 56,028 shares in the company, valued at $308,154. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.07% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VSI. Point72 Asset Management L.P. bought a new stake in shares of Vitamin Shoppe in the first quarter valued at about $11,515,000. FMR LLC lifted its stake in shares of Vitamin Shoppe by 32.4% in the second quarter. FMR LLC now owns 1,254,690 shares of the specialty retailer’s stock valued at $14,617,000 after buying an additional 307,050 shares during the period. Vanguard Group Inc. lifted its stake in shares of Vitamin Shoppe by 14.8% in the first quarter. Vanguard Group Inc. now owns 2,186,549 shares of the specialty retailer’s stock valued at $44,059,000 after buying an additional 282,598 shares during the period. Olstein Capital Management L.P. lifted its stake in shares of Vitamin Shoppe by 22.9% in the first quarter. Olstein Capital Management L.P. now owns 802,133 shares of the specialty retailer’s stock valued at $16,163,000 after buying an additional 149,338 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Vitamin Shoppe by 6.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,910,081 shares of the specialty retailer’s stock valued at $38,488,000 after buying an additional 122,445 shares during the period. Institutional investors and hedge funds own 96.86% of the company’s stock.
Vitamin Shoppe (NYSE:VSI) remained flat at $5.35 on Monday. The stock had a trading volume of 454,527 shares. The stock has a 50-day moving average of $8.19 and a 200 day moving average of $14.19. The stock’s market cap is $124.24 million. Vitamin Shoppe has a 12-month low of $4.95 and a 12-month high of $28.41.
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Vitamin Shoppe Company Profile
Vitamin Shoppe, Inc (VSI) is a multi-channel specialty retailer and contract manufacturer of vitamins, minerals, herbs, specialty supplements, sports nutrition, and other health and wellness products. The Company operates through three segments: retail, direct and manufacturing. The retail segment includes Vitamin Shoppe, Super Supplements and Vitapath retail store formats.
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