GNC Holdings Inc (GNC) PT Raised to $7.00
GNC Holdings Inc (NYSE:GNC) had its price objective increased by Barclays PLC from $5.00 to $7.00 in a research note issued to investors on Wednesday. The brokerage currently has an “underweight” rating on the specialty retailer’s stock. Barclays PLC’s price target points to a potential downside of 20.27% from the company’s previous close.
Several other research analysts also recently weighed in on the stock. Goldman Sachs Group Inc downgraded shares of GNC Holdings from a “neutral” rating to a “sell” rating and set a $8.00 target price for the company. in a research note on Thursday, January 19th. Zacks Investment Research upgraded shares of GNC Holdings from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 19th. TheStreet downgraded shares of GNC Holdings from a “c-” rating to a “d” rating in a research note on Monday, March 20th. Vetr upgraded shares of GNC Holdings from a “hold” rating to a “buy” rating and set a $11.50 target price for the company in a research note on Monday, January 16th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $10.00 target price (down from $16.00) on shares of GNC Holdings in a research note on Wednesday, February 15th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $14.56.
Shares of GNC Holdings (NYSE:GNC) opened at 8.78 on Wednesday. The company has a 50-day moving average of $7.41 and a 200 day moving average of $11.72. GNC Holdings has a 12-month low of $6.51 and a 12-month high of $35.90. The firm’s market cap is $600.58 million. GNC Holdings also was the target of some unusual options trading activity on Tuesday. Investors acquired 1,977 call options on the stock. This represents an increase of 980% compared to the average daily volume of 183 call options.
GNC Holdings (NYSE:GNC) last announced its earnings results on Tuesday, April 18th. The specialty retailer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. The business earned $644.80 million during the quarter, compared to the consensus estimate of $623.03 million. GNC Holdings had a net margin of 7.35% and a return on equity of 53.97%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. Equities research analysts anticipate that GNC Holdings will post $1.35 earnings per share for the current fiscal year.
In related news, SVP Guru Ramanathan acquired 29,500 shares of GNC Holdings stock in a transaction on Tuesday, March 7th. The shares were purchased at an average cost of $7.72 per share, for a total transaction of $227,740.00. Following the purchase, the senior vice president now directly owns 74,512 shares of the company’s stock, valued at approximately $575,232.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip E. Mallott acquired 23,557 shares of GNC Holdings stock in a transaction on Monday, February 27th. The shares were bought at an average price of $8.55 per share, for a total transaction of $201,412.35. Following the completion of the purchase, the director now directly owns 37,072 shares in the company, valued at $316,965.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 800,316 shares of company stock worth $6,659,718 over the last quarter. 0.78% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in GNC Holdings by 155.8% in the third quarter. Nisa Investment Advisors LLC now owns 11,000 shares of the specialty retailer’s stock worth $225,000 after buying an additional 6,700 shares during the last quarter. Miller Howard Investments Inc. NY acquired a new position in GNC Holdings during the third quarter worth about $2,022,000. Alpha Omega Wealth Management LLC increased its position in GNC Holdings by 35.1% in the third quarter. Alpha Omega Wealth Management LLC now owns 78,823 shares of the specialty retailer’s stock worth $1,610,000 after buying an additional 20,476 shares during the last quarter. Emerald Advisers Inc. PA increased its position in GNC Holdings by 48.6% in the third quarter. Emerald Advisers Inc. PA now owns 140,561 shares of the specialty retailer’s stock worth $2,870,000 after buying an additional 46,000 shares during the last quarter. Finally, Rothschild Asset Management Inc. acquired a new position in GNC Holdings during the third quarter worth about $11,960,000. Institutional investors own 76.75% 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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