GNC Holdings, Inc. (GNC) Receives Consensus Rating of “Hold” from Brokerages
GNC Holdings, Inc. (NYSE:GNC) has been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $8.77.
A number of brokerages have recently commented on GNC. BidaskClub lowered GNC Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. ValuEngine lowered GNC Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Barclays PLC lifted their price target on GNC Holdings from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Friday, July 28th. Zacks Investment Research raised GNC Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Bank of America Corporation cut their price target on GNC Holdings from $6.25 to $5.50 and set an “underperform” rating on the stock in a research note on Tuesday, August 22nd.
Several institutional investors have recently bought and sold shares of GNC. Denver Investment Advisors LLC acquired a new position in shares of GNC Holdings in the first quarter worth approximately $101,000. Bayesian Capital Management LP acquired a new position in shares of GNC Holdings in the second quarter worth approximately $102,000. Karp Capital Management Corp acquired a new position in shares of GNC Holdings in the first quarter worth approximately $113,000. WFG Advisors LP lifted its stake in shares of GNC Holdings by 13.1% in the second quarter. WFG Advisors LP now owns 14,773 shares of the specialty retailer’s stock worth $125,000 after acquiring an additional 1,715 shares during the period. Finally, Stonebridge Capital Management Inc. acquired a new position in shares of GNC Holdings in the second quarter worth approximately $128,000. 65.53% of the stock is currently owned by institutional investors.
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Shares of GNC Holdings (GNC) traded up 6.28% during mid-day trading on Friday, reaching $10.16. The company’s stock had a trading volume of 3,454,196 shares. GNC Holdings has a 12 month low of $6.51 and a 12 month high of $22.32. The firm’s market cap is $695.63 million. The company has a 50-day moving average of $9.10 and a 200-day moving average of $8.05.
GNC Holdings (NYSE:GNC) last announced its quarterly earnings results on Thursday, July 27th. The specialty retailer reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. GNC Holdings had a positive return on equity of 285.93% and a negative net margin of 14.56%. The firm had revenue of $640.99 million for the quarter, compared to analyst estimates of $646.48 million. During the same period last year, the firm posted $0.79 earnings per share. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts predict that GNC Holdings will post $1.36 earnings per share for the current year.
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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