ValuEngine Upgrades GNC Holdings, Inc. (GNC) to Buy

ValuEngine upgraded shares of GNC Holdings, Inc. (NYSE:GNC) from a hold rating to a buy rating in a report issued on Monday.

GNC has been the subject of a number of other reports. Barclays PLC lifted their target price on GNC Holdings from $7.00 to $9.00 and gave the company an underweight rating in a research report on Friday, July 28th. Bank of America Corporation decreased their target price on GNC Holdings from $6.25 to $5.50 and set an underperform rating for the company in a research report on Tuesday, August 22nd. BidaskClub raised GNC Holdings from a sell rating to a hold rating in a research report on Wednesday, July 19th. Zacks Investment Research raised GNC Holdings from a sell rating to a hold rating in a research report on Monday, July 31st. Finally, Robert W. Baird reaffirmed a hold rating and set a $10.00 target price on shares of GNC Holdings in a research report on Sunday, September 17th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. GNC Holdings has a consensus rating of Hold and a consensus target price of $8.37.

Shares of GNC Holdings (NYSE GNC) traded up 0.985% during midday trading on Monday, reaching $8.715. The company had a trading volume of 891,653 shares. The stock’s market capitalization is $596.70 million. The firm’s 50 day moving average price is $8.85 and its 200-day moving average price is $8.20. GNC Holdings has a 1-year low of $6.51 and a 1-year high of $22.32.

GNC Holdings (NYSE:GNC) last issued its earnings results on Thursday, July 27th. The specialty retailer reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. The business had revenue of $640.99 million during the quarter, compared to analyst estimates of $646.48 million. GNC Holdings had a positive return on equity of 285.93% and a negative net margin of 14.56%. GNC Holdings’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 EPS. Equities research analysts expect that GNC Holdings will post $1.36 EPS for the current fiscal year.

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In other news, CEO Kenneth Martindale sold 64,555 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $9.28, for a total value of $599,070.40. Following the completion of the transaction, the chief executive officer now directly owns 455,001 shares of the company’s stock, valued at approximately $4,222,409.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.85% of the company’s stock.

A number of hedge funds have recently made changes to their positions in GNC. Wells Fargo & Company MN grew its stake in GNC Holdings by 148.2% during the 1st quarter. Wells Fargo & Company MN now owns 357,447 shares of the specialty retailer’s stock worth $2,631,000 after buying an additional 213,438 shares during the last quarter. First Trust Advisors LP grew its stake in GNC Holdings by 183.2% during the 1st quarter. First Trust Advisors LP now owns 335,520 shares of the specialty retailer’s stock worth $2,469,000 after buying an additional 217,047 shares during the last quarter. Comerica Bank purchased a new position in GNC Holdings during the 1st quarter worth $167,000. UBS Asset Management Americas Inc. grew its stake in GNC Holdings by 269.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 59,452 shares of the specialty retailer’s stock worth $438,000 after buying an additional 43,355 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in GNC Holdings during the 1st quarter worth $113,000. Hedge funds and other institutional investors own 65.53% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for GNC Holdings (NYSE:GNC)

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