GNC (GNC) PT Lowered to $6.00

GNC (NYSE:GNC) had its price target lowered by JPMorgan Chase & Co. from $7.00 to $6.00 in a research report issued on Wednesday. The brokerage presently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 43.54% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered GNC from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. Barclays dropped their target price on GNC from $9.00 to $6.00 and set an “underweight” rating on the stock in a research report on Friday, October 27th. Finally, ValuEngine upgraded 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, five have assigned a hold rating and two have assigned a buy rating to the stock. GNC presently has a consensus rating of “Hold” and an average target price of $7.77.

Shares of GNC (GNC) traded down $0.77 during midday trading on Wednesday, reaching $4.18. The company had a trading volume of 13,223,067 shares, compared to its average volume of 6,609,543. The stock has a market capitalization of $288.43, a price-to-earnings ratio of -1.24 and a beta of 0.89. GNC has a 52-week low of $3.13 and a 52-week high of $10.95. The company has a current ratio of 2.44, a quick ratio of 0.70 and a debt-to-equity ratio of -55.95.

GNC (NYSE:GNC) last issued its earnings results on Tuesday, February 13th. The specialty retailer reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. The firm had revenue of $557.74 million for the quarter, compared to analyst estimates of $568.80 million. GNC had a negative return on equity of 133.37% and a negative net margin of 15.11%. GNC’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 earnings per share. sell-side analysts anticipate that GNC will post 1.29 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Koch Industries Inc. acquired a new position in GNC in the fourth quarter valued at approximately $104,000. Quantitative Systematic Strategies LLC acquired a new position in GNC in the third quarter valued at approximately $109,000. WFG Advisors LP lifted its holdings in GNC by 13.1% in the second quarter. WFG Advisors LP now owns 14,773 shares of the specialty retailer’s stock valued at $125,000 after acquiring an additional 1,715 shares during the period. Trilogy Capital Inc. acquired a new position in GNC in the fourth quarter valued at approximately $150,000. Finally, American International Group Inc. acquired a new position in GNC in the fourth quarter valued at approximately $169,000. 62.08% of the stock is owned by institutional investors.

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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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