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Stock Market & Financial Investment News

News Breaks
February 14, 2014
10:42 EDTGNC, VITC, VSIGNC Holdings plummets after profit outlook disappoints
Shares of GNC Holdings (GNC), a health and wellness products retailer, are plunging after the company’s fourth quarter results missed estimates and it forecast much weaker than expected full year profit. WHAT'S NEW: Last night, GNC Holdings reported Q4 adjusted earnings per share of 63c and revenue of $613.7M, compared to expectations of 64c and $631.5M, respectively. Same store sales increased 5.0% in domestic company-owned stores in Q4. In domestic franchise locations, same store sales increased 3.3%. WHAT’S NOTABLE: The company forecast fiscal 2014 profit of $3.18-$3.25, far below consensus of $3.46. GNC expects a high single digit increase in consolidated revenue for 2014, compared to consensus of $2.9B. In issuing its guidance, the company noted it saw a “very challenging” retail environment in January and February. ANALYST REACTION: This morning, analyst commentary was mixed. Wells Fargo and Jefferies lowered their respective price targets on the shares following the company's weaker than expected Q4 results and outlook. Conversely, JP Morgan said the pullback in the shares represented a buying opportunity. Though JP Morgan lowered its price target for shares to $58 from $62, the firm kept an Overweight rating on GNC. PRICE ACTION: In morning trading, GNC Holdings dropped $6.61, or 12.6%, to $45.78 on nearly six times its average daily trading volume. Despite today’s slide, the stock has gained approximately 15% over the past twelve months. OTHERS TO WATCH: Other companies that offer health and wellness products include Vitacost.com (VITC) and Vitamin Shoppe (VSI).
News For GNC;VITC;VSI From The Last 14 Days
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September 30, 2014
10:02 EDTVSIOn The Fly: Analyst Downgrade Summary
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05:48 EDTVSIVitamin Shoppe downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Vitamin Shoppe to Neutral after its study indicated the company's prices remain elevated versus the competition. Piper believes Vitamin Shoppe may have to invest in price and lowered its price target for shares to $44 from $45.
September 20, 2014
20:53 EDTVSIVitamin Shoppe shares could climb over 20%, Barron's says
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September 19, 2014
09:16 EDTVSI, GNCGNC Holdings price target raised to $47 from $36 at Sterne Agee
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September 18, 2014
17:00 EDTGNCGNC Holdings considering sale after receiving private equity interest, FT says
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16:11 EDTGNCGNC Holdings appoints Daisy Vanderlinde as Chief Human Resource Officer
GNC Holdings (GNC) announced the addition of Daisy Vanderlinde as Chief Human Resource Officer. Vanderlinde comes to GNC most recently from Office Depot, where she was Executive Vice President of Human Resources (ODP).
16:09 EDTGNCGNC Holdings appoints Jeffrey Hennion as Chief Marketing and eCommerce Officer
GNC Holdings announced the addition Jeffrey R. Hennion as executive vice president, Chief Marketing and eCommerce Officer. Hennion comes to GNC most recently from Branding Brand, where he served as CFO.
15:48 EDTGNCGNC considering options after receive PE interest, FT says
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15:09 EDTGNC, VSIVitamin Shoppe holders urge exploration of sale to GNC or pe firm, Reuters says
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14:53 EDTVSIVitamin Shoppe jumps 4% after report of stakeholder urging sale exploration
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14:53 EDTVSIVitamin Shoppe being called on to sell itself by shareholders, Reuters says
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September 17, 2014
10:00 EDTGNCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AB InBev (BUD) upgraded to Hold from Sell at Societe Generale... Baker Hughes (BHI) upgraded to Outperform from Sector Perform at Howard Weil... Bank of the Ozarks (OZRK) upgraded to Buy from Hold at BB&T... Bill Barrett (BBG) upgraded to Buy from Neutral at Mizuho... Cepheid (CPHD) upgraded to Buy from Hold at Cantor... Cigna (CI) upgraded to Positive from Neutral at Susquehanna... Extra Space Storage (EXR) upgraded to Buy from Hold at Jefferies... GNC Holdings (GNC) upgraded to Outperform from Neutral at Wedbush... MB Financial (MBFI) upgraded at DA Davidson... Mondelez (MDLZ) upgraded to Buy from Hold at Societe Generale... Radian Group (RDN) upgraded to Buy from Neutral at Compass Point... Skullcandy (SKUL) assumed with a Overweight from Neutral at Piper Jaffray... Under Armour (UA) upgraded to Overweight from Neutral at Piper Jaffray.
09:00 EDTGNCGNC Holdings estimates cut 'well below' consensus at William Blair
William Blair lowered its estimates for GNC Holdings "well below" the current consensus after taking down its 2014 earnings estimate by 5c to $2.65 and 2015 estimate by 10c to $2.90. The firm finds it "tough to identify" any improvement in operating trends during Q3, and feels the departure of four key executives in the last three months suggests "deeper fundamental issues" for the company. William Blair lists large overlap in product assortment with Amazon (AMZN) and buy-one-get-one promotional activity continuing in Q3 as reasons for concern. The firm reiterates an Underperform rating on GNC and notes the stock is up nearly 20% since the Q2 release.
07:01 EDTGNCGNC Holdings upgraded to Outperform from Neutral at Wedbush
Wedbush upgraded GNC Holdings to Outperform following store checks that indicate stabilizing trends with a reduction in promotional activity. The firm believes GNC Holdings' reduced guidance in July is realistic and that re-franchising company-owned stores will be viewed positively by investors. Price target raised to $46 from $34.

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