GNC Holdings, Inc. (GNC) Stock Price Up 7.7%
GNC Holdings, Inc. (NYSE:GNC) rose 7.7% during trading on Thursday . The stock traded as high as $9.57 and last traded at $9.55. Approximately 3,830,907 shares changed hands during trading, an increase of 70% from the average daily volume of 2,251,830 shares. The stock had previously closed at $8.87.
GNC has been the topic of several recent analyst reports. Bank of America Corporation dropped their target price on GNC Holdings from $6.25 to $5.50 and set an “underperform” rating on the stock in a report on Tuesday, August 22nd. ValuEngine lowered shares of GNC Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered 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. Finally, Barclays PLC lifted their price target on shares of GNC Holdings from $7.00 to $9.00 and gave the stock an “underweight” rating in a research report on Friday, July 28th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $8.64.
The firm’s market cap is $695.63 million. The stock has a 50-day moving average of $9.10 and a 200-day moving average of $8.05.
GNC Holdings (NYSE:GNC) last announced its quarterly earnings data on Thursday, July 27th. The specialty retailer reported $0.41 earnings per share for the quarter, beating 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 analyst estimates of $646.48 million. During the same period in the prior year, the business posted $0.79 earnings per share. GNC Holdings’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts forecast that GNC Holdings, Inc. will post $1.36 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Denver Investment Advisors LLC acquired a new stake in GNC Holdings in the first quarter worth $101,000. Bayesian Capital Management LP acquired a new stake in GNC Holdings in the second quarter worth $102,000. Karp Capital Management Corp acquired a new stake in GNC Holdings in the first quarter worth $113,000. WFG Advisors LP raised its holdings in GNC Holdings by 13.1% in the second quarter. WFG Advisors LP now owns 14,773 shares of the specialty retailer’s stock worth $125,000 after purchasing an additional 1,715 shares during the period. Finally, Stonebridge Capital Management Inc. acquired a new stake in GNC Holdings in the second quarter worth $128,000. Institutional investors own 65.53% of the company’s stock.
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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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