Shares of GNC Holdings Inc (NYSE:GNC) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $3.13.
Several brokerages have recently weighed in on GNC. Zacks Investment Research cut shares of GNC from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. Gabelli reiterated a “hold” rating on shares of GNC in a research note on Tuesday, March 5th. Jefferies Financial Group began coverage on shares of GNC in a research note on Monday, June 17th. They set a “hold” rating and a $1.50 price target on the stock. Finally, ValuEngine cut shares of GNC from a “sell” rating to a “strong sell” rating in a research note on Friday, May 17th.
GNC stock traded up $0.09 on Thursday, hitting $1.47. The company had a trading volume of 2,853,725 shares, compared to its average volume of 1,733,623. GNC has a 12-month low of $1.32 and a 12-month high of $4.65. The company has a 50-day moving average of $1.56. The company has a market capitalization of $115.04 million, a PE ratio of 4.32 and a beta of 1.16.
GNC (NYSE:GNC) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). GNC had a negative return on equity of 17.50% and a net margin of 2.09%. The company had revenue of $564.76 million during the quarter, compared to analysts’ expectations of $552.30 million. During the same quarter in the prior year, the business posted $0.24 EPS. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. Sell-side analysts forecast that GNC will post 0.39 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Alpha Omega Wealth Management LLC increased its stake in GNC by 183.0% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 10,052 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 6,500 shares in the last quarter. Comerica Bank acquired a new stake in shares of GNC in the fourth quarter worth $33,000. Two Sigma Securities LLC acquired a new stake in shares of GNC in the fourth quarter worth $51,000. FNY Investment Advisers LLC increased its stake in shares of 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 acquiring an additional 24,750 shares during the period. Finally, Zacks Investment Management acquired a new stake in shares of GNC in the fourth quarter worth $70,000. Institutional investors own 52.82% of the company’s stock.
GNC Company Profile
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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