GNC Holdings Inc

On April 27, 2017, Herbalife was trading at $62.94, reflecting a 7.8% upside to analysts’ 12-month price target of $68.25 per share.

Herbalife expects its 4Q16 net sales to be lower than expectation due to the strong US dollar and lower volumes.

GNC Holdings reported 3Q16 revenues of $628.0 million, a fall of 8.1% compared to revenues of $683.4 million in 3Q15.

Delphi Automotive (DLPH) reported net sales of $4.1 billion in 3Q16, a rise of 13.9% compared to its net sales of $3.6 billion in 3Q15.

GNC’s peers have outperformed GNC Holdings based on PE and PBV ratios. But GNC has mostly outperformed its peers based on PS ratios.

GNC Holdings (GNC) reported 3Q16 revenue of $628.0 million, a fall of 8.1%. Its gross profit margin and operating margin fell 240 bps and 170 bps, respectively.

Herbalife (HLF) rose 1.6% to close at $62.03 per share during the second week of September 2016.

Herbalife fell by 2.3% to close at $60.50 per share on August 26, 2016. The stock’s weekly, monthly, and YTD price movements were -4.4%, -9.7%, and 12.8%.

Herbalife (HLF) fell by 3.4% and closed at $64.81 per share during the second week of August 2016. Herbalife reported 2Q16 net sales of $1.20 billion.

Herbalife (HLF) fell by 1.4% to close at $67.09 per share during the first week of August 2016.

GNC Holdings has a market cap of $1.5 billion. It fell by 25.5% and closed at $20.28 per share on July 28, 2016. It reported 2Q16 revenue of $673.2 million.

Herbalife rose by 9.9% to close at $65.25 per share on July 15. Its weekly, monthly, and YTD price movements were 6.9%, 10.2%, and 21.7%, respectively.

Herbalife (HLF) fell by 2.5% and closed at $57.50 per share at the end of the fourth week of June 2016. It reported fiscal 1Q16 net sales of $1.12 billion.

Herbalife (HLF) has a market cap of $5.6 billion. It fell by 2.0% to close at $60.71 per share on May 25, 2016.

Herbalife reported fiscal 4Q15 net sales of $1,098.4 million, a fall of 3.1% compared to net sales of $1,133.6 million in fiscal 4Q14.

GNC Holdings has mostly outperformed its peers, based on its price-to-sales ratio.

GNC Holdings (GNC) reported revenue of $618.2 million, a rise of 1.8% over the corresponding period last year.

GNC Holdings (GNC) has a market cap of $2.2 billion. GNC rose by 1.6% to close at $26.98 per share on February 11, 2016.

Herbalife (HLF), which has a market cap of $4.4 billion, rose by 3.6% to close at $47.86 per share on February 1.

Rite Aid (RAD) has a market cap of $8.2 billion. After the fiscal 3Q16 earnings report, Rite Aid fell by 0.25% to close at $7.88 per share as of December 17, 2015.

eBay Enterprise operates three primary lines of business: commerce technologies, omnichannel operations, and marketing solutions.

In 4Q14, TPG-Axon Management initiated stakes in Air Lease Corporation (AL), Axalta Coatings Systems Ltd. (AXTA), IMS Health Holdings Inc. (IMS), and Ubiquiti Networks Inc. (UBNT).

SD shares rose 15% the day after SandRidge released 3Q14 financial results, complementing operational results reported in November 2014.

In 3Q14, same-store sales—as measured on a product-only basis—decreased 6.9% in domestic company-owned stores, including GNC.com.

Eminence Capital initiated a position in GNC Holdings during 3Q14. The position accounts for 2.40% of the fund’s 3Q14 portfolio. GNC is headquartered in Pittsburgh, Pennsylvania.

Ingersoll-Rand is a global diversified firm. The company’s reported revenues increased 5% to $3,385 million, beating estimates by 6%. It expects revenues for full-year 2014 to increase by approximately 4%.

Allegion provides security solutions for homes and businesses, employing more than 8,000 people and selling products in more than 120 countries across the world. Allegion reported third-quarter 2014 net revenues of $546.7 million, up 3.3% compared to the previous year.

Consolidated revenues were $523.4 million in the second quarter of 2014, compared to $650.5 million in the second quarter of 2013. The 19.5% decrease came from loss of revenue resulting from the sale of 418 company-operated restaurants to franchisees.

Mondelez is a global snacking powerhouse and a world leader in biscuits, chocolate, gum, candy, coffee, and powdered beverages. It owns billion-dollar brands and reported net revenues of $8.4 billion.

The front-month Ginnie Mae TBA drifted higher as bonds rallied. After starting the week at 105 4/32, they traded 7/16 higher to close at 105 18/32.

In this six-part series, we’ll go through some of the main positions TPG-Axon Capital traded this past quarter. Why buy Outerwall Inc. (OUTR)?