GNC Holdings Inc (GNC) Receives Average Recommendation of “Hold” from Analysts

GNC Holdings Inc (NYSE:GNC) has earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Four investment 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 1 year price target among brokerages that have issued ratings on the stock in the last year is $8.12.

A number of analysts have recently issued reports on GNC shares. Zacks Investment Research downgraded shares of GNC from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. ValuEngine downgraded shares of GNC from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 21st. Finally, Barclays lowered their price objective on shares of GNC from $9.00 to $6.00 and set an “underweight” rating on the stock in a report on Friday, October 27th.

GNC (NYSE:GNC) traded up $0.76 during midday trading on Tuesday, hitting $4.95. 37,551,839 shares of the stock were exchanged, compared to its average volume of 6,388,726. The company has a quick ratio of 0.70, a current ratio of 2.44 and a debt-to-equity ratio of -55.95. GNC has a 12 month low of $3.13 and a 12 month high of $10.95. The firm has a market capitalization of $296.02, a P/E ratio of -0.91 and a beta of 0.89.

GNC (NYSE:GNC) last posted its quarterly earnings data on Wednesday, February 14th. The specialty retailer reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. GNC had a negative net margin of 15.11% and a negative return on equity of 133.37%. The company had revenue of $557.74 million for the quarter, compared to the consensus estimate of $568.80 million. During the same period last year, the company earned $0.07 earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year. sell-side analysts predict that GNC will post 1.29 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of GNC. Schwab Charles Investment Management Inc. increased its holdings in GNC by 58.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 454,391 shares of the specialty retailer’s stock worth $3,831,000 after buying an additional 168,082 shares during the last quarter. Teachers Advisors LLC increased its holdings in GNC by 1.1% during 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. Northern Trust Corp increased its holdings in GNC by 4.6% during the second quarter. Northern Trust Corp now owns 891,636 shares of the specialty retailer’s stock worth $7,517,000 after buying an additional 39,378 shares during the last quarter. California Public Employees Retirement System increased its holdings in GNC by 20.7% during the second quarter. California Public Employees Retirement System now owns 491,700 shares of the specialty retailer’s stock worth $4,145,000 after buying an additional 84,300 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in GNC by 53.0% during the second quarter. Parametric Portfolio Associates LLC now owns 683,197 shares of the specialty retailer’s stock worth $5,759,000 after buying an additional 236,793 shares during the last quarter. Institutional investors and hedge funds own 62.08% of the company’s stock.

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About GNC

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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