Equities analysts expect GNC Holdings Inc (NYSE:GNC) to post $0.23 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for GNC’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.20. GNC posted earnings per share of $0.07 during the same quarter last year, which indicates a positive year over year growth rate of 228.6%. The firm is expected to announce its next quarterly earnings report on Thursday, February 15th.
According to Zacks, analysts expect that GNC will report full year earnings of $1.29 per share for the current year, with EPS estimates ranging from $1.15 to $1.35. For the next fiscal year, analysts anticipate that the business will report earnings of $1.10 per share, with EPS estimates ranging from $0.93 to $1.23. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for GNC.
A number of equities research analysts recently weighed in on GNC shares. Zacks Investment Research downgraded shares of GNC from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. Barclays lowered their price objective on shares of GNC from $9.00 to $6.00 and set an “underweight” rating for the company in a research report on Friday, October 27th. Finally, ValuEngine raised shares of GNC from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. GNC currently has an average rating of “Hold” and an average target price of $8.12.
In other news, EVP Tim Mantel bought 20,000 shares of GNC stock in a transaction on Friday, November 10th. The stock was purchased at an average cost of $5.80 per share, with a total value of $116,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.85% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. State Street Corp boosted its stake in GNC by 5.3% during the 2nd quarter. State Street Corp now owns 2,369,707 shares of the specialty retailer’s stock valued at $19,971,000 after purchasing an additional 118,390 shares during the period. Northern Trust Corp boosted its stake in GNC by 4.6% during the 2nd quarter. Northern Trust Corp now owns 891,636 shares of the specialty retailer’s stock valued at $7,517,000 after purchasing an additional 39,378 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in GNC by 39.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 739,603 shares of the specialty retailer’s stock valued at $2,730,000 after purchasing an additional 207,448 shares during the period. California Public Employees Retirement System boosted its stake in GNC by 24.5% during the 4th quarter. California Public Employees Retirement System now owns 692,917 shares of the specialty retailer’s stock valued at $2,557,000 after purchasing an additional 136,399 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in GNC by 53.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 683,197 shares of the specialty retailer’s stock valued at $5,759,000 after purchasing an additional 236,793 shares during the period. 62.18% of the stock is owned by hedge funds and other institutional investors.
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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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