Shares of GNC Holdings, Inc. (NYSE:GNC) have been given a consensus rating of “Hold” by the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $7.94.

GNC has been the subject of several research reports. Bank of America decreased their price target on shares of GNC from $6.25 to $5.50 and set an “underperform” rating for the company in a report on Tuesday, August 22nd. ValuEngine lowered shares of GNC from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of GNC from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $10.00 price target on shares of GNC in a report on Sunday, September 17th. Finally, Barclays decreased their price target on shares of GNC from $9.00 to $6.00 and set an “underweight” rating for the company in a report on Friday, October 27th.

Shares of GNC (NYSE GNC) traded down $0.49 during mid-day trading on Thursday, reaching $5.58. 3,782,169 shares of the company’s stock traded hands, compared to its average volume of 3,099,323. The firm has a market cap of $381.24, a price-to-earnings ratio of 4.85 and a beta of 0.86. The company has a debt-to-equity ratio of -55.95, a quick ratio of 0.70 and a current ratio of 2.44. GNC has a 52 week low of $5.18 and a 52 week high of $15.27.

GNC (NYSE:GNC) last posted its quarterly earnings results on Thursday, October 26th. The specialty retailer reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). GNC had a negative net margin of 15.11% and a negative return on equity of 133.37%. The business had revenue of $609.47 million during the quarter, compared to analyst estimates of $614.08 million. During the same period last year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. equities research analysts predict that GNC will post 1.28 earnings per share for the current fiscal year.

In related news, EVP Tim Mantel purchased 20,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were bought at an average cost of $5.80 per share, for a total transaction of $116,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 sale, the chief executive officer now owns 455,001 shares in the company, valued at $4,222,409.28. The disclosure for this sale can be found here. Company insiders own 1.85% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its position in shares of GNC by 13.2% during the 3rd quarter. California Public Employees Retirement System now owns 556,518 shares of the specialty retailer’s stock worth $4,920,000 after buying an additional 64,818 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of GNC by 40.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 61,641 shares of the specialty retailer’s stock worth $545,000 after buying an additional 17,751 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of GNC by 17.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 532,155 shares of the specialty retailer’s stock worth $4,705,000 after buying an additional 77,764 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of GNC by 66.8% during the 3rd quarter. Wells Fargo & Company MN now owns 523,768 shares of the specialty retailer’s stock worth $4,630,000 after buying an additional 209,789 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of GNC by 72.1% in the 3rd quarter. Legal & General Group Plc now owns 152,005 shares of the specialty retailer’s stock worth $1,339,000 after purchasing an additional 63,690 shares during the last quarter. Institutional investors own 61.93% of the company’s stock.

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GNC 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.

Analyst Recommendations for GNC (NYSE:GNC)

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