Vitamin Shoppe, Inc (NYSE:VSI) Stock Price Down 36.5% Following Weak Earnings
Vitamin Shoppe, Inc (NYSE:VSI) shares dropped 36.5% during mid-day trading on Wednesday following a weaker than expected earnings announcement. The stock traded as low as $6.05 and last traded at $6.10, with a volume of 5,148,727 shares trading hands. The stock had previously closed at $9.60.
The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.16. Vitamin Shoppe had a net margin of 1.43% and a return on equity of 9.35%. The business had revenue of $304.84 million for the quarter, compared to analyst estimates of $314.74 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was down 8.4% on a year-over-year basis.
A number of analysts have recently commented on the company. BidaskClub cut Vitamin Shoppe from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research raised Vitamin Shoppe from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. ValuEngine cut Vitamin Shoppe from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Barclays PLC reaffirmed an “equal weight” rating and issued a $13.00 price target (down from $24.00) on shares of Vitamin Shoppe in a research note on Sunday, May 14th. Finally, Gabelli cut Vitamin Shoppe from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.50.
Several hedge funds have recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Vitamin Shoppe during the second quarter worth approximately $877,000. Airain ltd bought a new stake in shares of Vitamin Shoppe during the second quarter worth approximately $259,000. BNP Paribas Arbitrage SA boosted its stake in shares of Vitamin Shoppe by 2.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,242 shares of the specialty retailer’s stock worth $108,000 after buying an additional 192 shares during the period. Legal & General Group Plc boosted its stake in shares of Vitamin Shoppe by 9.3% in the second quarter. Legal & General Group Plc now owns 44,555 shares of the specialty retailer’s stock worth $518,000 after buying an additional 3,789 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Vitamin Shoppe by 0.8% in the second quarter. Arizona State Retirement System now owns 12,460 shares of the specialty retailer’s stock worth $145,000 after buying an additional 100 shares during the period.
The company has a market capitalization of $141.29 million, a P/E ratio of 7.85 and a beta of 0.68. The company’s 50 day moving average price is $10.92 and its 200 day moving average price is $16.44.
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About Vitamin Shoppe
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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