Equities research analysts predict that GNC Holdings, Inc. (NYSE:GNC) will report earnings per share of $0.38 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for GNC Holdings’ earnings, with estimates ranging from $0.33 to $0.47. GNC Holdings posted earnings per share of $0.79 during the same quarter last year, which would suggest a negative year over year growth rate of 51.9%. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, July 27th.
On average, analysts expect that GNC Holdings will report full year earnings of $1.39 per share for the current financial year, with EPS estimates ranging from $1.19 to $1.57. For the next year, analysts forecast that the business will post earnings of $1.36 per share, with EPS estimates ranging from $1.13 to $1.62. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover GNC Holdings.
GNC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded GNC Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 19th. BidaskClub raised GNC Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Deutsche Bank AG reaffirmed a “hold” rating and set a $9.00 target price on shares of GNC Holdings in a research note on Wednesday, April 19th. Barclays PLC upped their target price on GNC Holdings from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Wednesday, April 19th. Finally, Odeon Capital Group LLC reaffirmed a “sell” rating on shares of GNC Holdings in a research note on Tuesday, May 9th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.97.
Shares of GNC Holdings (NYSE GNC) traded up 0.56% on Friday, hitting $8.94. The stock had a trading volume of 1,656,359 shares. GNC Holdings has a 12 month low of $6.51 and a 12 month high of $27.93. The stock’s market cap is $611.47 million. The stock has a 50 day moving average of $7.97 and a 200-day moving average of $8.09.
In other GNC Holdings news, EVP Tim Mantel purchased 15,000 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was acquired at an average price of $7.21 per share, for a total transaction of $108,150.00. Following the completion of the purchase, the executive vice president now directly owns 56,775 shares in the company, valued at approximately $409,347.75. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert F. Moran purchased 300,000 shares of the company’s stock in a transaction on Friday, May 12th. The stock was acquired at an average price of $6.69 per share, with a total value of $2,007,000.00. Following the purchase, the chief executive officer now owns 953,271 shares of the company’s stock, valued at $6,377,382.99. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 354,400 shares of company stock worth $2,388,048. Corporate insiders own 0.78% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Stoneridge Investment Partners LLC increased its position in shares of GNC Holdings by 71.9% in the first quarter. Stoneridge Investment Partners LLC now owns 194,136 shares of the specialty retailer’s stock worth $1,429,000 after buying an additional 81,172 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of GNC Holdings by 0.5% in the first quarter. Canada Pension Plan Investment Board now owns 629,400 shares of the specialty retailer’s stock worth $4,632,000 after buying an additional 2,900 shares during the period. Wells Fargo & Company MN boosted its stake in shares of GNC Holdings by 148.2% in the first 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 period. State of New Jersey Common Pension Fund D bought a new stake in shares of GNC Holdings during the first quarter worth $14,720,000. Finally, New Jersey Better Educational Savings Trust bought a new stake in shares of GNC Holdings during the first quarter worth $515,000. Hedge funds and other institutional investors own 83.48% of the company’s stock.
GNC Holdings Company Profile
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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