GNC Holdings Inc (NYSE:GNC) Director Jeffrey Paul Berger purchased 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were acquired at an average cost of $6.98 per share, with a total value of $209,400.00. Following the completion of the transaction, the director now directly owns 67,589 shares of the company’s stock, valued at approximately $471,771.22. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of GNC Holdings Inc (NYSE:GNC) opened at 7.22 on Tuesday. The firm’s 50-day moving average is $8.10 and its 200-day moving average is $13.92. GNC Holdings Inc has a 52 week low of $6.87 and a 52 week high of $35.90. The stock’s market capitalization is $493.87 million.
GNC Holdings (NYSE:GNC) last announced its earnings results on Thursday, February 16th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.29. GNC Holdings had a return on equity of 53.97% and a net margin of 7.35%. The business had revenue of $569.90 million for the quarter, compared to analysts’ expectations of $571.79 million. During the same period in the previous year, the company earned $0.63 earnings per share. GNC Holdings’s quarterly revenue was down 7.8% on a year-over-year basis. Analysts forecast that GNC Holdings Inc will post $1.35 earnings per share for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. 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 in the last quarter. Renaissance Technologies LLC increased its stake in shares of GNC Holdings by 364.1% in the fourth quarter. Renaissance Technologies LLC now owns 756,100 shares of the company’s stock worth $8,347,000 after buying an additional 593,200 shares in the last quarter. Rothschild Asset Management Inc. purchased a new stake in shares of GNC Holdings during the third quarter worth approximately $11,960,000. Norges Bank purchased a new stake in shares of GNC Holdings during the fourth quarter worth approximately $6,441,000. Finally, Teachers Advisors LLC increased its stake in shares of GNC Holdings by 296.3% in the third quarter. Teachers Advisors LLC now owns 490,372 shares of the company’s stock worth $10,013,000 after buying an additional 366,638 shares in the last quarter. 76.75% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on the company. Vetr downgraded GNC Holdings from a “strong-buy” rating to a “buy” rating and set a $17.00 price target on the stock. in a research report on Tuesday, November 22nd. Zacks Investment Research upgraded GNC Holdings from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 19th. Deutsche Bank AG reiterated a “hold” rating and issued a $10.00 price objective (down previously from $16.00) on shares of GNC Holdings in a report on Wednesday, February 15th. Robert W. Baird reiterated a “neutral” rating and issued a $12.00 price objective on shares of GNC Holdings in a report on Tuesday, February 14th. Finally, Goldman Sachs Group Inc downgraded GNC Holdings from a “neutral” rating to a “sell” rating and set a $8.00 price objective on the stock. in a report on Thursday, January 19th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.88.
About GNC Holdings
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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