GNC Holdings Inc (NYSE:GNC) Given Consensus Rating of “Hold” by Brokerages

GNC Holdings Inc (NYSE:GNC) has been given an average recommendation of “Hold” by the six analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $3.13.

A number of brokerages have recently commented on GNC. ValuEngine raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Jefferies Financial Group cut their price target on Huntsman from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, June 17th. Finally, Zacks Investment Research raised Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th.

Shares of GNC stock remained flat at $$1.87 during mid-day trading on Monday. The stock had a trading volume of 2,140,143 shares, compared to its average volume of 1,520,921. The business has a fifty day simple moving average of $1.54. GNC has a 12-month low of $1.32 and a 12-month high of $4.65. The firm has a market cap of $157.02 million, a PE ratio of 5.50 and a beta of 1.21.

GNC (NYSE:GNC) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). GNC had a net margin of 2.09% and a negative return on equity of 17.50%. The firm had revenue of $564.76 million for the quarter, compared to analyst estimates of $552.30 million. During the same period in the previous year, the business posted $0.24 earnings per share. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. Equities analysts predict that GNC will post 0.39 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. Alpha Omega Wealth Management LLC lifted its stake in shares of GNC by 183.0% in the first quarter. Alpha Omega Wealth Management LLC now owns 10,052 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 6,500 shares during the period. Comerica Bank bought a new stake in GNC in the fourth quarter worth approximately $33,000. Two Sigma Securities LLC bought a new stake in GNC in the fourth quarter worth approximately $51,000. FNY Investment Advisers LLC increased its holdings in GNC by 9,900.0% in the first quarter. FNY Investment Advisers LLC now owns 25,000 shares of the specialty retailer’s stock worth $68,000 after purchasing an additional 24,750 shares in the last quarter. Finally, Zacks Investment Management bought a new stake in GNC in the fourth quarter worth approximately $70,000. 52.82% of the stock is currently owned by institutional investors.

About GNC

GNC Holdings, Inc, together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. The company operates through three segments: U.S. and Canada, International, and Manufacturing/Wholesale. Its products include proteins, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty products, food and drink products, and other general merchandise.

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