GNC Holdings, Inc. (NYSE:GNC)‘s stock had its “hold” rating reissued by analysts at Robert W. Baird in a research report issued on Sunday. They currently have a $10.00 price objective on the specialty retailer’s stock. Robert W. Baird’s price objective points to a potential downside of 1.57% from the company’s current price.
GNC has been the topic of several other reports. Barclays PLC increased their price target on shares of GNC Holdings from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Friday, July 28th. ValuEngine upgraded shares of GNC Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Bank of America Corporation dropped their price target on shares of GNC Holdings from $6.25 to $5.50 and set an “underperform” rating on the stock in a research note on Tuesday, August 22nd. BidaskClub upgraded shares of GNC Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of GNC Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $8.39.
GNC Holdings (NYSE GNC) opened at 10.16 on Friday. The stock’s market cap is $695.63 million. The stock has a 50 day moving average of $9.10 and a 200-day moving average of $8.05. GNC Holdings has a 12 month low of $6.51 and a 12 month high of $22.32.
GNC Holdings (NYSE:GNC) last announced its quarterly earnings results on Thursday, July 27th. The specialty retailer reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $640.99 million for the quarter, compared to analyst estimates of $646.48 million. GNC Holdings had a negative net margin of 14.56% and a positive return on equity of 285.93%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 earnings per share. On average, equities analysts forecast that GNC Holdings will post $1.36 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently made changes to their positions in GNC. Wells Fargo & Company MN lifted its holdings in shares of GNC Holdings by 148.2% during 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 period. First Trust Advisors LP lifted its holdings in shares of GNC Holdings by 183.2% during the first quarter. First Trust Advisors LP now owns 335,520 shares of the specialty retailer’s stock worth $2,469,000 after purchasing an additional 217,047 shares during the period. Comerica Bank acquired a new stake in shares of GNC Holdings during the first quarter worth $167,000. UBS Asset Management Americas Inc. lifted its holdings in shares of GNC Holdings by 269.3% during 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 period. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of GNC Holdings by 12.5% during the first quarter. Gamco Investors INC. ET AL now owns 105,000 shares of the specialty retailer’s stock worth $773,000 after purchasing an additional 11,700 shares during the period. Institutional investors and hedge funds own 65.53% of the company’s stock.
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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