Vitamin Shoppe, Inc (NYSE:VSI) Shares Down 36.5% Following Weak Earnings

Vitamin Shoppe, Inc (NYSE:VSI)’s share price dropped 36.5% during mid-day trading on Wednesday following a dissappointing earnings announcement. The company traded as low as $6.05 and last traded at $6.10, with a volume of 5,148,727 shares traded. The stock had previously closed at $9.60.

The specialty retailer reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by $0.16. The company had revenue of $304.84 million for the quarter, compared to analysts’ expectations of $314.74 million. Vitamin Shoppe had a return on equity of 9.35% and a net margin of 1.43%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 EPS.

VSI has been the subject of a number of recent research reports. Barclays PLC reiterated an “equal weight” rating and set a $13.00 price objective (down previously from $24.00) on shares of Vitamin Shoppe in a research report on Sunday, May 14th. Morgan Stanley upgraded Vitamin Shoppe from an “underweight” rating to an “equal weight” rating and set a $14.00 price objective for the company in a research report on Thursday, May 11th. Zacks Investment Research upgraded Vitamin Shoppe from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. ValuEngine cut Vitamin Shoppe from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Gabelli cut Vitamin Shoppe from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Vitamin Shoppe currently has a consensus rating of “Hold” and an average price target of $21.50.

A number of hedge funds have recently modified their holdings of VSI. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Vitamin Shoppe during the second quarter worth about $877,000. Airain ltd acquired a new stake in shares of Vitamin Shoppe during the second quarter worth about $259,000. BNP Paribas Arbitrage SA raised 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 last quarter. Legal & General Group Plc raised 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 last quarter. Finally, Arizona State Retirement System raised 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 last quarter.

The firm has a market cap of $141.29 million, a PE ratio of 7.85 and a beta of 0.68. The stock has a 50 day moving average price of $10.69 and a 200 day moving average price of $16.09.

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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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