FY2017 Earnings Forecast for GNC Holdings, Inc. (GNC) Issued By Gabelli
GNC Holdings, Inc. (NYSE:GNC) – Stock analysts at Gabelli decreased their FY2017 earnings estimates for shares of GNC Holdings in a research report issued to clients and investors on Friday. Gabelli analyst D. Witkowski now anticipates that the specialty retailer will earn $1.15 per share for the year, down from their previous estimate of $1.35. Gabelli also issued estimates for GNC Holdings’ FY2019 earnings at $1.35 EPS and FY2020 earnings at $1.55 EPS.
Other research analysts also recently issued research reports about the company. BidaskClub downgraded GNC Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. ValuEngine downgraded GNC Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Barclays PLC boosted 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, Robert W. Baird reissued a “hold” rating and set a $10.00 target price on shares of GNC Holdings in a research note on Sunday, September 17th. Six investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. GNC Holdings currently has an average rating of “Hold” and a consensus price target of $7.95.
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Shares of GNC Holdings (GNC) opened at 6.88 on Monday. The company’s 50 day moving average is $8.57 and its 200-day moving average is $8.30. The firm’s market cap is $471.06 million. GNC Holdings has a 12 month low of $6.51 and a 12 month high of $15.50.
GNC Holdings (NYSE:GNC) last announced its earnings results on Thursday, October 26th. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The firm had revenue of $609.47 million for the quarter, compared to analyst estimates of $614.08 million. GNC Holdings had a negative return on equity of 133.37% and a negative net margin of 15.11%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 EPS.
Hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank bought a new stake in shares of GNC Holdings during the first quarter worth about $167,000. UBS Asset Management Americas Inc. grew its holdings in shares of GNC Holdings by 269.3% during the first quarter. UBS Asset Management Americas Inc. now owns 59,452 shares of the specialty retailer’s stock worth $438,000 after purchasing an additional 43,355 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of GNC Holdings during the first quarter worth about $113,000. Ameriprise Financial Inc. bought a new stake in shares of GNC Holdings during the first quarter worth about $233,000. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of GNC Holdings by 15.3% during the first quarter. Parametric Portfolio Associates LLC now owns 446,404 shares of the specialty retailer’s stock worth $3,286,000 after purchasing an additional 59,244 shares during the last quarter. 64.12% of the stock is owned by hedge funds and other institutional investors.
In other GNC Holdings news, CEO Kenneth Martindale sold 64,555 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $9.28, for a total transaction of $599,070.40. Following the completion of the transaction, the chief executive officer now owns 455,001 shares of the company’s stock, valued at $4,222,409.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.85% of the stock is currently owned by insiders.
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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