GNC Holdings Inc (GNC) Receives $15.85 Average Price Target from Analysts

Shares of GNC Holdings Inc (NYSE:GNC) have earned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the firm. Five investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $15.21.

A number of equities analysts recently commented on GNC shares. Zacks Investment Research raised shares of GNC Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Goldman Sachs Group Inc reaffirmed a “sell” rating on shares of GNC Holdings in a research report on Wednesday, March 22nd. TheStreet lowered shares of GNC Holdings from a “c-” rating to a “d” rating in a research report on Monday, March 20th. Odeon Capital Group LLC reaffirmed a “sell” rating on shares of GNC Holdings in a research report on Tuesday, May 9th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $9.00 price target on shares of GNC Holdings in a research report on Wednesday, April 19th.

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Shares of GNC Holdings (NYSE:GNC) opened at 7.28 on Monday. The firm’s market cap is $497.93 million. The company has a 50 day moving average price of $7.43 and a 200-day moving average price of $9.83. GNC Holdings has a 12-month low of $6.51 and a 12-month high of $28.11.

GNC Holdings (NYSE:GNC) last posted its earnings results on Tuesday, April 18th. The specialty retailer reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The company had revenue of $644.80 million during the quarter, compared to analysts’ expectations of $623.03 million. GNC Holdings had a net margin of 7.35% and a return on equity of 53.97%. GNC Holdings’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS. Analysts expect that GNC Holdings will post $1.35 EPS for the current year.

In other GNC Holdings news, Director Alan D. Feldman bought 36,400 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average cost of $6.87 per share, for a total transaction of $250,068.00. Following the transaction, the director now directly owns 47,337 shares in the company, valued at $325,205.19. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert F. Moran purchased 300,000 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was purchased at an average price of $6.69 per share, for a total transaction of $2,007,000.00. Following the transaction, the chief executive officer now directly owns 953,271 shares in the company, valued at approximately $6,377,382.99. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 1,136,716 shares of company stock worth $8,916,786. 0.78% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. State of New Jersey Common Pension Fund D purchased a new position in shares of GNC Holdings during the first quarter worth about $14,720,000. Two Sigma Investments LP increased its position in shares of GNC Holdings by 1,696.2% in the fourth quarter. Two Sigma Investments LP now owns 1,456,705 shares of the specialty retailer’s stock worth $16,082,000 after buying an additional 1,375,606 shares during the period. Sessa Capital IM L.P. purchased a new position in shares of GNC Holdings during the first quarter worth about $9,186,000. Quantitative Investment Management LLC increased its position in shares of GNC Holdings by 231.3% in the first quarter. Quantitative Investment Management LLC now owns 1,250,900 shares of the specialty retailer’s stock worth $9,206,000 after buying an additional 873,300 shares during the period. Finally, Tairen Capital Ltd purchased a new position in shares of GNC Holdings during the first quarter worth about $6,347,000. Hedge funds and other 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.

12 Month Chart for NYSE:GNC

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