GNC Holdings, Inc. (GNC) Given Average Rating of “Hold” by Analysts
Shares of GNC Holdings, Inc. (NYSE:GNC) have received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $8.77.
Several equities research analysts have recently weighed in on GNC shares. Zacks Investment Research upgraded shares of GNC Holdings from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Tuesday, June 20th. ValuEngine upgraded shares of GNC Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of GNC Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Odeon Capital Group LLC reiterated a “sell” rating on shares of GNC Holdings in a research report on Tuesday, May 9th. Finally, Bank of America Corporation decreased their price objective on shares of GNC Holdings from $6.25 to $5.50 and set an “underperform” rating for the company in a research report on Tuesday.
In related news, EVP Tim Mantel purchased 15,000 shares of GNC Holdings stock in a transaction on Wednesday, May 24th. The stock was acquired at an average cost of $7.21 per share, for a total transaction of $108,150.00. Following the completion of the acquisition, the executive vice president now owns 56,775 shares of the company’s stock, valued at approximately $409,347.75. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.85% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Capital Investment Counsel Inc boosted its stake in GNC Holdings by 2.7% in the first quarter. Capital Investment Counsel Inc now owns 33,675 shares of the specialty retailer’s stock worth $248,000 after buying an additional 900 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in GNC Holdings by 0.8% in the first quarter. Goldman Sachs Group Inc. now owns 153,115 shares of the specialty retailer’s stock worth $1,127,000 after buying an additional 1,153 shares during the last quarter. Teachers Advisors LLC boosted its stake in GNC Holdings by 1.1% in the second quarter. Teachers Advisors LLC now owns 124,251 shares of the specialty retailer’s stock worth $1,047,000 after buying an additional 1,315 shares during the last quarter. American International Group Inc. boosted its stake in GNC Holdings by 3.3% in the first quarter. American International Group Inc. now owns 42,261 shares of the specialty retailer’s stock worth $311,000 after buying an additional 1,362 shares during the last quarter. Finally, Comerica Bank boosted its stake in GNC Holdings by 6.7% in the second quarter. Comerica Bank now owns 22,443 shares of the specialty retailer’s stock worth $201,000 after buying an additional 1,419 shares during the last quarter. Institutional investors and hedge funds own 78.45% of the company’s stock.
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Shares of GNC Holdings (NYSE GNC) traded down 7.51% during trading on Tuesday, hitting $8.62. 4,638,637 shares of the stock traded hands. The firm’s market capitalization is $590.19 million. GNC Holdings has a 1-year low of $6.51 and a 1-year high of $22.32. The firm has a 50-day moving average of $9.15 and a 200-day moving average of $8.01.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings data on Thursday, July 27th. The specialty retailer reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. GNC Holdings had a negative net margin of 14.56% and a positive return on equity of 285.93%. The company had revenue of $640.99 million during the quarter, compared to analysts’ expectations of $646.48 million. During the same period in the prior year, the company posted $0.79 earnings per share. GNC Holdings’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities analysts forecast that GNC Holdings will post $1.36 earnings per share for the current year.
GNC Holdings Company Profile
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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