GNC (NYSE:GNC) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of GNC (NYSE:GNC) from a hold rating to a buy rating in a research report report published on Thursday morning, ValuEngine reports.

GNC has been the subject of several other reports. Jefferies Financial Group initiated coverage on GNC in a research report on Monday, June 17th. They issued a hold rating and a $1.50 price objective for the company. Zacks Investment Research upgraded GNC from a sell rating to a hold rating and set a $2.00 price objective for the company in a research report on Wednesday, May 29th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $3.17.

Shares of GNC stock traded down $0.10 during trading on Thursday, hitting $1.97. 12,265 shares of the company were exchanged, compared to its average volume of 2,050,091. The company has a market capitalization of $175.08 million, a price-to-earnings ratio of 5.93, a P/E/G ratio of 0.33 and a beta of 1.24. GNC has a 1-year low of $1.32 and a 1-year high of $4.65. The stock has a fifty day moving average price of $1.69.

GNC (NYSE:GNC) last posted its earnings results on Monday, July 22nd. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.06. The company had revenue of $534.00 million during the quarter, compared to analyst estimates of $553.30 million. GNC had a negative return on equity of 18.14% and a net margin of 2.29%. The company’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 EPS. As a group, research analysts expect that GNC will post 0.33 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Alpha Omega Wealth Management LLC grew its position in shares of GNC by 183.0% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 10,052 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 6,500 shares during the period. Gamco Investors INC. ET AL lifted its stake in GNC by 4.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 225,000 shares of the specialty retailer’s stock valued at $338,000 after acquiring an additional 10,000 shares in the last quarter. Two Sigma Advisers LP lifted its stake in GNC by 5.5% in the 4th quarter. Two Sigma Advisers LP now owns 200,700 shares of the specialty retailer’s stock valued at $476,000 after acquiring an additional 10,531 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in GNC by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 392,220 shares of the specialty retailer’s stock valued at $929,000 after acquiring an additional 14,470 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its stake in GNC by 449.1% in the 4th quarter. Macquarie Group Ltd. now owns 30,200 shares of the specialty retailer’s stock valued at $72,000 after acquiring an additional 24,700 shares in the last quarter. Institutional investors and hedge funds own 54.95% of the company’s stock.

About GNC

GNC Holdings, Inc, together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. The company operates through three segments: U.S. and Canada, International, and Manufacturing/Wholesale. Its products include proteins, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty products, food and drink products, and other general merchandise.

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