GNC Holdings, Inc. (NYSE:GNC) has been assigned an average recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $8.44.
A number of research analysts have issued reports on GNC shares. Zacks Investment Research cut GNC Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub cut GNC Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. ValuEngine cut GNC Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Barclays PLC lifted their price objective on GNC Holdings from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Friday, July 28th. Finally, Bank of America Corporation lowered their price objective on GNC Holdings from $6.25 to $5.50 and set an “underperform” rating for the company in a research note on Tuesday, August 22nd.
GNC Holdings (NYSE GNC) traded down 2.20% during midday trading on Wednesday, reaching $8.01. The company had a trading volume of 2,253,609 shares. The company has a 50-day moving average of $8.75 and a 200-day moving average of $8.24. GNC Holdings has a 12-month low of $6.51 and a 12-month high of $22.32. The stock’s market capitalization is $548.43 million.
GNC Holdings (NYSE:GNC) last announced its quarterly earnings data on Thursday, July 27th. The specialty retailer reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. The business had revenue of $640.99 million during the quarter, compared to analysts’ expectations of $646.48 million. GNC Holdings had a positive return on equity of 285.93% and a negative net margin of 14.56%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 earnings per share. On average, analysts predict that GNC Holdings will post $1.36 EPS for the current fiscal year.
In other news, CEO Kenneth Martindale sold 64,555 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $9.28, for a total value of $599,070.40. Following the completion of the transaction, the chief executive officer now owns 455,001 shares in the company, valued at $4,222,409.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.85% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of GNC. Wells Fargo & Company MN raised its stake in shares of GNC Holdings by 148.2% in the first quarter. Wells Fargo & Company MN now owns 357,447 shares of the specialty retailer’s stock worth $2,631,000 after purchasing an additional 213,438 shares during the last quarter. Comerica Bank purchased a new position in shares of GNC Holdings in the first quarter worth $167,000. UBS Asset Management Americas Inc. raised its stake in shares of GNC Holdings by 269.3% in 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 purchased a new position in shares of GNC Holdings in the first quarter worth $113,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of GNC Holdings in the first quarter worth $233,000. Hedge funds and other institutional investors own 65.54% of the company’s stock.
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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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