Deutsche Bank AG Reiterates “Hold” Rating for GNC Holdings, Inc. (GNC)
GNC Holdings, Inc. (NYSE:GNC)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank AG in a report released on Wednesday. They presently have a $10.00 price target on the stock, down from their prior price target of $16.00. Deutsche Bank AG’s price objective points to a potential upside of 29.53% from the company’s current price.
A number of other research analysts have also issued reports on the stock. Goldman Sachs Group, Inc. (The) lowered shares of GNC Holdings from a “neutral” rating to a “sell” rating and set a $8.00 target price on the stock. 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. Barclays PLC lowered shares of GNC Holdings from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $15.00 to $11.00 in a research note on Tuesday, December 13th. Vetr upgraded shares of GNC Holdings from a “hold” rating to a “buy” rating and set a $11.50 target price on the stock in a research note on Monday, January 16th. Finally, Bank of America Corporation lowered shares of GNC Holdings from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research note on Friday, October 28th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.88.
GNC Holdings (NYSE:GNC) opened at 7.72 on Wednesday. The company has a market cap of $528.04 million, a PE ratio of 2.94 and a beta of 0.87. GNC Holdings has a 52-week low of $6.95 and a 52-week high of $35.90. The firm has a 50-day moving average of $9.62 and a 200 day moving average of $15.67.
GNC Holdings (NYSE:GNC) last posted its earnings results on Thursday, February 16th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.29. GNC Holdings had a net margin of 7.35% and a return on equity of 53.97%. The firm earned $569.90 million during the quarter, compared to analyst estimates of $571.79 million. During the same quarter in the previous year, the business posted $0.63 earnings per share. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. Equities research analysts expect that GNC Holdings will post $2.45 earnings per share for the current fiscal year.
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A number of hedge funds have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. increased its stake in shares of GNC Holdings by 4.2% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,226,043 shares of the company’s stock worth $65,876,000 after buying an additional 131,364 shares during the period. BlackRock Fund Advisors increased its stake in shares of GNC Holdings by 4.6% in the third quarter. BlackRock Fund Advisors now owns 1,827,803 shares of the company’s stock worth $37,324,000 after buying an additional 79,556 shares during the period. State Street Corp increased its stake in shares of GNC Holdings by 6.3% in the fourth quarter. State Street Corp now owns 1,681,518 shares of the company’s stock worth $18,563,000 after buying an additional 99,325 shares during the period. Neuberger Berman Group LLC increased its stake in shares of GNC Holdings by 1.2% in the third quarter. Neuberger Berman Group LLC now owns 1,669,350 shares of the company’s stock worth $34,088,000 after buying an additional 19,113 shares during the period. Finally, Two Sigma Investments LP increased its stake 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 company’s stock worth $16,082,000 after buying an additional 1,375,606 shares during the period. 76.75% of the stock is owned by hedge funds and other institutional investors.
GNC Holdings Company Profile
GNC Holdings, Inc is a specialty retailer of health, wellness and performance products, including vitamins, minerals and herbal supplement products (VMHS), sports nutrition products and diet products. The Company operates in three segments: Retail, Franchising and Manufacturing/Wholesale. The Retail segment includes sales of products to customers at its company-owned stores in the United States, Canada, Puerto Rico and Ireland and through its Websites, GNC.com and LuckyVitamin.com.
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