GNC (GNC) PT Lowered to $6.00
GNC (NYSE:GNC) had its price objective decreased by analysts at JPMorgan Chase & Co. from $7.00 to $6.00 in a research note issued to investors on Wednesday. The firm currently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 21.21% from the company’s current price.
Several other equities research analysts have also recently commented on the company. Zacks Investment Research raised GNC from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. ValuEngine cut GNC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 21st. Finally, Barclays lowered their price target on GNC from $9.00 to $6.00 and set an “underweight” rating for the company in a research note on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. GNC has a consensus rating of “Hold” and a consensus target price of $7.77.
Shares of GNC (NYSE GNC) opened at $4.95 on Wednesday. The company has a market capitalization of $289.12, a P/E ratio of -0.91 and a beta of 0.89. GNC has a 12 month low of $3.13 and a 12 month high of $10.95. The company has a quick ratio of 0.70, a current ratio of 2.44 and a debt-to-equity ratio of -55.95.
A number of institutional investors and hedge funds have recently bought and sold shares of GNC. Schwab Charles Investment Management Inc. lifted its holdings in GNC by 58.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 454,391 shares of the specialty retailer’s stock worth $3,831,000 after purchasing an additional 168,082 shares during the last quarter. Teachers Advisors LLC lifted its holdings in GNC by 1.1% in the 2nd quarter. Teachers Advisors LLC now owns 124,251 shares of the specialty retailer’s stock worth $1,047,000 after purchasing an additional 1,315 shares during the last quarter. Northern Trust Corp lifted its holdings in GNC by 4.6% in the 2nd quarter. Northern Trust Corp now owns 891,636 shares of the specialty retailer’s stock worth $7,517,000 after purchasing an additional 39,378 shares during the last quarter. California Public Employees Retirement System lifted its holdings in GNC by 20.7% in the 2nd quarter. California Public Employees Retirement System now owns 491,700 shares of the specialty retailer’s stock worth $4,145,000 after purchasing an additional 84,300 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in GNC by 53.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 683,197 shares of the specialty retailer’s stock worth $5,759,000 after purchasing an additional 236,793 shares during the last quarter. Hedge funds and other institutional investors own 62.08% of the company’s stock.
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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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