GNC Holdings, Inc. (GNC) Expected to Post Quarterly Sales of $647.57 Million
Analysts expect GNC Holdings, Inc. (NYSE:GNC) to post $647.57 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for GNC Holdings’ earnings, with the lowest sales estimate coming in at $638.00 million and the highest estimate coming in at $661.68 million. GNC Holdings posted sales of $673.22 million during the same quarter last year, which suggests a negative year-over-year growth rate of 3.8%. The company is expected to announce its next quarterly earnings results before the market opens on Thursday, July 27th.
On average, analysts expect that GNC Holdings will report full year sales of $647.57 million for the current financial year, with estimates ranging from $2.47 billion to $2.52 billion. For the next year, analysts anticipate that the firm will post sales of $2.50 billion per share, with estimates ranging from $2.43 billion to $2.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for GNC Holdings.
GNC has been the topic of a number of recent analyst reports. Zacks Investment Research raised GNC Holdings from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research report on Tuesday, June 20th. Vetr lowered GNC Holdings from a “strong-buy” rating to a “buy” rating and set a $10.12 target price on the stock. in a research report on Wednesday, April 19th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $9.00 target price on shares of GNC Holdings in a research report on Wednesday, April 19th. BidaskClub raised GNC Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Odeon Capital Group LLC reaffirmed a “sell” rating on shares of GNC Holdings in a research report on Tuesday, May 9th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.97.
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In other news, CEO Robert F. Moran purchased 300,000 shares of the stock in a transaction dated Friday, May 12th. The stock was acquired at an average cost of $6.69 per share, for a total transaction of $2,007,000.00. Following the acquisition, the chief executive officer now owns 953,271 shares of the company’s stock, valued at $6,377,382.99. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Alan D. Feldman purchased 36,400 shares of the stock in a transaction dated Tuesday, May 16th. The stock was purchased at an average price of $6.87 per share, with a total value of $250,068.00. Following the completion of the acquisition, the director now directly owns 47,337 shares in the company, valued at approximately $325,205.19. The disclosure for this purchase can be found here. Insiders bought a total of 354,400 shares of company stock valued at $2,388,048 over the last quarter. Company insiders own 0.78% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Denver Investment Advisors LLC bought a new position in shares of GNC Holdings during the first quarter worth approximately $101,000. Karp Capital Management Corp bought a new position in shares of GNC Holdings during the first quarter worth approximately $113,000. Sii Investments Inc. WI bought a new position in shares of GNC Holdings during the first quarter worth approximately $140,000. Tudor Investment Corp Et Al increased its position in shares of GNC Holdings by 10.7% in the fourth quarter. Tudor Investment Corp Et Al now owns 20,800 shares of the specialty retailer’s stock worth $230,000 after buying an additional 2,010 shares during the last quarter. Finally, Comerica Bank bought a new position in shares of GNC Holdings during the first quarter worth approximately $167,000. Institutional investors and hedge funds own 82.88% of the company’s stock.
Shares of GNC Holdings (NYSE GNC) traded down 5.73% during trading on Friday, reaching $8.89. 4,325,827 shares of the company’s stock traded hands. The stock’s market capitalization is $608.05 million. GNC Holdings has a 1-year low of $6.51 and a 1-year high of $27.93. The company has a 50 day moving average price of $7.97 and a 200 day moving average price of $8.09.
About GNC Holdings
GNC Holdings, Inc is a specialty retailer of health, wellness and performance products, which include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink and other general merchandise. The Company’s operations consist of purchasing raw materials, formulating and manufacturing products and selling the finished products.
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