FREE Breaking News Alerts from StreetInsider.com!
E-mail Address
Top NewsMost Read Highlighted
Get AlertsVSI Hot Sheet
Rating Summary:
3 Buy, 7 Hold, 0 Sell
Rating Trend: Up
Today’s Overall Ratings:
Goldman Sachs upgraded Vitamin Shoppe (NYSE: VSI) from Neutral to Buy with a price target of $65 (from $60), suggesting 28% upside.
The firm said recent multiple compression provides an opportunity as they still like the supplement sector’s secular growth. In addition, Goldman is positive on the company’s incremental pursuit of own-brand product and international expansion. This brings it closer to GNC’s (NYSE: GNC) more lucrative operating model, according to the analyst.
On valuaiton, Goldman notes shares now trade near long-run relative P/E troughs.
The firm raised FY13 EPS from $2.30 to $2.35, FY14 from $2.80 to $2.87 and FY15 from $3.45 to $3.55.
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 $50.62 yesterday, with a 52 week range of $41.62-$65.93.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items – JOIN NOW