New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on GNC;VITC;VSI the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 22, 2014
11:28 EDTVITCVitacost.com downgraded to In-Line from Outperform at Imperial Capital
Subscribe for More Information
July 21, 2014
06:19 EDTVSIVitamin Shoppe recommended ahead of Q2 report at Goldman
Goldman believes Vitamin Shoppe (VSI) competitive pressures are overblown and that the company has relatively low overlap with GNC (GNC) and that recent price cuts have had minimal impact. The firm expects Vitamin Shoppe's Q2 to mark the beginning of sharp earnings acceleration and better execution and recommends buying shares ahead of the Q2 report. Shares are rated Conviction Buy with a $60 price target.
July 17, 2014
10:12 EDTVSI, GNCGNC drops after analyst downgrades on sales concerns
Subscribe for More Information
10:00 EDTGNCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 21st Century Fox (FOXA) downgraded to Buy from Strong Buy at ISI Group... Charter (CHTR) downgraded to Hold from Buy at Jefferies... Covidien (COV) downgraded to Hold from Buy at Needham... Diageo (DEO) downgraded to Underweight from Neutral at JPMorgan... GNC Holdings (GNC) downgraded to Hold from Buy at Jefferies... International Game (IGT) downgraded to Market Perform from Outperform at BMO Capital... JAVELIN Mortgage (JMI) downgraded to Market Perform from Outperform at JMP Securities... Macquarie Group (MQBKY) downgraded to Underweight from Neutral at JPMorgan... PNC Financial (PNC) downgraded to Neutral from Buy at Compass Point... PetSmart (PETM) downgraded to Sector Perform from Outperform at RBC Capital... Rexam (REXMY) downgraded to Hold from Buy at Deutsche Bank.
07:16 EDTGNCGNC Holdings downgraded to Hold from Buy at Jefferies
Jefferies downgraded GNC Holdings to Hold citing a slowdown in industry sales trends and risk of near-term earnings disappointments. The firm lowered its price target for shares to $39 from $50.
05:30 EDTGNCGNC Holdings downgraded to Hold from Buy at Jefferies
Subscribe for More Information
July 14, 2014
10:03 EDTGNCOptions with increasing implied volatility: GNC SD MDLZ ETP
July 11, 2014
11:31 EDTGNCOptions with increasing implied volatility
Options with increasing implied volatility: INO AEGR UBNT INVN WTW OREX GNC CREE SD SAN
July 10, 2014
16:06 EDTVITCGabelli reports 8.99% stake in Vitacost.com
Subscribe for More Information
11:09 EDTGNCOptions with increasing implied volatility
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use