GNC Holdings, Inc. (NYSE:GNC) Price Target Raised to $9.00
GNC Holdings, Inc. (NYSE:GNC) had its target price boosted by Barclays PLC from $7.00 to $9.00 in a report issued on Friday morning, Marketbeat Ratings reports. They currently have an underweight rating on the specialty retailer’s stock.
GNC has been the topic of several other reports. Zacks Investment Research downgraded shares of GNC Holdings from a hold rating to a sell rating in a research report on Wednesday, July 19th. BidaskClub upgraded shares of GNC Holdings from a sell rating to a hold rating in a research report on Wednesday, July 19th. Deutsche Bank AG restated a hold rating and set a $9.00 price objective on shares of GNC Holdings in a research report on Wednesday, April 19th. Odeon Capital Group LLC restated a sell rating on shares of GNC Holdings in a research report on Tuesday, May 9th. Finally, ValuEngine downgraded shares of GNC Holdings from a buy rating to a hold rating in a research report on Tuesday, July 25th. Five analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. GNC Holdings currently has a consensus rating of Hold and an average price target of $11.07.
GNC Holdings (GNC) traded down 1.7886% on Friday, hitting $9.3399. 926,963 shares of the stock were exchanged. The company has a 50-day moving average of $8.37 and a 200 day moving average of $7.99. GNC Holdings has a 12 month low of $6.51 and a 12 month high of $22.32. The firm’s market cap is $639.48 million.
GNC Holdings (NYSE:GNC) last released its quarterly earnings results on Thursday, July 27th. The specialty retailer reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $640.99 million for the quarter, compared to the consensus estimate of $646.48 million. During the same period last year, the firm earned $0.79 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. Equities research analysts expect that GNC Holdings will post $1.35 earnings per share for the current fiscal year.
In related news, CEO Robert F. Moran bought 300,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was bought at an average cost of $6.69 per share, with a total value of $2,007,000.00. Following the completion of the purchase, the chief executive officer now owns 953,271 shares of the company’s stock, valued at approximately $6,377,382.99. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tim Mantel bought 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were bought at an average cost of $7.21 per share, with a total value of $108,150.00. Following the completion of the purchase, the executive vice president now directly owns 56,775 shares of the company’s stock, valued at approximately $409,347.75. The disclosure for this purchase can be found here. Insiders have purchased 354,400 shares of company stock valued at $2,388,048 over the last ninety days. 0.78% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Denver Investment Advisors LLC purchased a new stake in GNC Holdings during the first quarter worth $101,000. Stonebridge Capital Management Inc. purchased a new stake in GNC Holdings during the second quarter worth $128,000. Karp Capital Management Corp purchased a new stake in GNC Holdings during the first quarter worth $113,000. Sii Investments Inc. WI purchased a new stake in GNC Holdings during the first quarter worth $140,000. Finally, Mariner Investment Group LLC purchased a new stake in GNC Holdings during the second quarter worth $169,000. 83.32% of the stock is owned by institutional investors.
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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