GNC Holdings, Inc. (GNC) Receives Average Recommendation of “Hold” from Analysts
Shares of GNC Holdings, Inc. (NYSE:GNC) have received an average recommendation of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $8.44.
GNC has been the topic of several recent research reports. ValuEngine upgraded GNC Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded GNC Holdings from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research report on Tuesday, June 20th. Robert W. Baird restated a “hold” rating and issued a $10.00 price target on shares of GNC Holdings in a research report on Sunday. BidaskClub upgraded GNC Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Bank of America Corporation reduced their price target on GNC Holdings from $6.25 to $5.50 and set an “underperform” rating on the stock in a research report on Tuesday, August 22nd.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings results on Thursday, July 27th. The specialty retailer reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. GNC Holdings had a positive return on equity of 285.93% and a negative net margin of 14.56%. The business had revenue of $640.99 million for the quarter, compared to analyst estimates of $646.48 million. During the same period last year, the company earned $0.79 EPS. The firm’s revenue was down 4.8% on a year-over-year basis.
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In related news, CEO Kenneth Martindale sold 64,555 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $9.28, for a total transaction of $599,070.40. Following the sale, the chief executive officer now owns 455,001 shares of the company’s stock, valued at approximately $4,222,409.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.85% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Bayesian Capital Management LP acquired a new stake in GNC Holdings during the 2nd quarter worth $102,000. Denver Investment Advisors LLC acquired a new stake in shares of GNC Holdings in the 1st quarter valued at about $101,000. WFG Advisors LP raised its stake in shares of GNC Holdings by 13.1% in the 2nd quarter. WFG Advisors LP now owns 14,773 shares of the specialty retailer’s stock valued at $125,000 after purchasing an additional 1,715 shares during the period. Stonebridge Capital Management Inc. acquired a new stake in shares of GNC Holdings in the 2nd quarter valued at about $128,000. Finally, Karp Capital Management Corp acquired a new stake in shares of GNC Holdings in the 1st quarter valued at about $113,000. 65.53% of the stock is currently owned by institutional investors and hedge funds.
GNC Holdings Company Profile
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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