Wedbush Starts Vitamin Shoppe (VSI) at Neutral; Unit-Growth Story Fairly Valued at Current Levels
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Price: $6.50 --0%
Rating Summary:
2 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 10
Rating Summary:
2 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 10
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Wedbush initiates coverage on Vitamin Shoppe (NYSE: VSI) with a Neutral. PT $36.00.
Wedbush analyst says, "Vitamin Shoppe, with a three year compound annual growth rate of 11.8%, is the fastest-growing retailer in the U.S. supplements industry. Additionally, Vitamin Shoppe generates 56% of its sales from sports nutrition and specialty supplement sales compared to just 29% of overall industry sales. Given these are the fastest growing categories in the industry, the favorable product mix could provide Vitamin Shoppe with an extra boost to the already robust industry growth rate over the next several years. The combination of mid-single-digit SSS, contribution from new store openings, and favorable product mix should drive consistent double-digit sales growth."
For an analyst ratings summary and ratings history on Vitamin Shoppe click here. For more ratings news on Vitamin Shoppe click here.
Shares of Vitamin Shoppe closed at $38.12 yesterday.
Wedbush analyst says, "Vitamin Shoppe, with a three year compound annual growth rate of 11.8%, is the fastest-growing retailer in the U.S. supplements industry. Additionally, Vitamin Shoppe generates 56% of its sales from sports nutrition and specialty supplement sales compared to just 29% of overall industry sales. Given these are the fastest growing categories in the industry, the favorable product mix could provide Vitamin Shoppe with an extra boost to the already robust industry growth rate over the next several years. The combination of mid-single-digit SSS, contribution from new store openings, and favorable product mix should drive consistent double-digit sales growth."
For an analyst ratings summary and ratings history on Vitamin Shoppe click here. For more ratings news on Vitamin Shoppe click here.
Shares of Vitamin Shoppe closed at $38.12 yesterday.
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