GNC Holdings Inc (NYSE:GNC) has received a consensus rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. Two investment 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 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.50.
A number of research analysts have weighed in on the company. Barclays restated a “sell” rating and issued a $3.00 price target on shares of GNC in a research note on Friday, July 27th. Morgan Stanley started coverage on GNC in a research note on Wednesday, May 30th. They issued an “equal weight” rating and a $3.00 price target for the company. Finally, Zacks Investment Research raised GNC from a “sell” rating to a “hold” rating in a research report on Monday, May 14th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of GNC by 7.7% in the second quarter. Bank of New York Mellon Corp now owns 345,561 shares of the specialty retailer’s stock valued at $1,217,000 after buying an additional 24,656 shares during the last quarter. Miller Value Partners LLC lifted its position in shares of GNC by 31.5% in the second quarter. Miller Value Partners LLC now owns 92,285 shares of the specialty retailer’s stock valued at $325,000 after buying an additional 22,125 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of GNC by 22.2% in the second quarter. Gamco Investors INC. ET AL now owns 165,000 shares of the specialty retailer’s stock valued at $581,000 after buying an additional 30,000 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of GNC by 28.6% in the second quarter. Gabelli Funds LLC now owns 225,000 shares of the specialty retailer’s stock valued at $792,000 after buying an additional 50,000 shares during the last quarter. Finally, FMR LLC lifted its position in shares of GNC by 7.7% in the second quarter. FMR LLC now owns 7,806,946 shares of the specialty retailer’s stock valued at $27,480,000 after buying an additional 560,447 shares during the last quarter. 47.63% of the stock is owned by institutional investors.
GNC stock traded down $0.04 during mid-day trading on Friday, reaching $2.87. The company had a trading volume of 87,684 shares, compared to its average volume of 1,246,296. The company has a quick ratio of 0.50, a current ratio of 1.52 and a debt-to-equity ratio of -6.30. The company has a market cap of $252.51 million, a price-to-earnings ratio of 2.14 and a beta of 0.64. GNC has a 52 week low of $2.78 and a 52 week high of $10.44.
GNC (NYSE:GNC) last posted its quarterly earnings results on Thursday, July 26th. The specialty retailer reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. The firm had revenue of $617.94 million during the quarter, compared to the consensus estimate of $607.70 million. GNC had a negative return on equity of 57.85% and a negative net margin of 7.06%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. equities research analysts anticipate that GNC will post 0.48 EPS for the current fiscal year.
GNC Holdings, Inc, together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. It operates through three segments: U.S. and Canada, International, and Manufacturing/Wholesale. Its products include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink, and other general merchandise.
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