Robert W. Baird restated their hold rating on shares of GNC Holdings, Inc. (NYSE:GNC) in a research report sent to investors on Sunday. The firm currently has a $10.00 price target on the specialty retailer’s stock.
GNC has been the subject of a number of other reports. Barclays PLC lifted their price target on shares of GNC Holdings from $7.00 to $9.00 and gave the stock an underweight rating in a research note on Friday, July 28th. ValuEngine raised 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 for the company in a research note on Tuesday, August 22nd. BidaskClub raised shares of GNC Holdings from a sell rating to a hold rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research raised shares of GNC Holdings from a sell rating to a hold rating in a research note on Monday, July 31st. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $8.39.
Shares of GNC Holdings (NYSE GNC) opened at 9.13 on Friday. The stock’s 50 day moving average is $9.08 and its 200-day moving average is $8.07. The stock’s market capitalization is $625.11 million. GNC Holdings has a 12-month low of $6.51 and a 12-month high of $22.32.
GNC Holdings (NYSE:GNC) last released its quarterly earnings results on Thursday, July 27th. The specialty retailer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. GNC Holdings had a negative net margin of 14.56% and a positive return on equity of 285.93%. The firm had revenue of $640.99 million during the quarter, compared to analysts’ expectations of $646.48 million. During the same period in the previous year, the company earned $0.79 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, analysts expect that GNC Holdings will post $1.36 earnings per share for the current year.
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In other GNC Holdings news, CEO Kenneth Martindale sold 64,555 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $9.28, for a total value of $599,070.40. Following the completion of the sale, the chief executive officer now directly owns 455,001 shares of the company’s stock, valued at approximately $4,222,409.28. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.85% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in GNC. Wells Fargo & Company MN boosted its position in GNC Holdings by 148.2% in the 1st quarter. Wells Fargo & Company MN now owns 357,447 shares of the specialty retailer’s stock valued at $2,631,000 after buying an additional 213,438 shares during the period. First Trust Advisors LP raised its holdings in shares of GNC Holdings by 183.2% in the 1st quarter. First Trust Advisors LP now owns 335,520 shares of the specialty retailer’s stock valued at $2,469,000 after purchasing an additional 217,047 shares in the last quarter. Comerica Bank bought a new stake in shares of GNC Holdings in the 1st quarter valued at about $167,000. UBS Asset Management Americas Inc. raised its holdings in shares of GNC Holdings by 269.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 59,452 shares of the specialty retailer’s stock valued at $438,000 after purchasing an additional 43,355 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of GNC Holdings by 12.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 105,000 shares of the specialty retailer’s stock valued at $773,000 after purchasing an additional 11,700 shares in the last quarter. 65.53% of the stock is owned by institutional investors.
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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