Analysts Set GNC Holdings Inc (GNC) PT at $4.50

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Shares of GNC Holdings Inc (NYSE:GNC) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.50.

A number of equities analysts recently issued reports on GNC shares. Zacks Investment Research cut GNC from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Barclays reiterated a “sell” rating and issued a $3.00 target price on shares of GNC in a report on Friday, July 27th. Finally, Buckingham Research assumed coverage on GNC in a report on Monday. They issued a “buy” rating and a $6.00 target price for the company.

GNC opened at $3.68 on Monday. GNC has a 52-week low of $2.71 and a 52-week high of $7.00. The firm has a market cap of $327.17 million, a P/E ratio of 2.73 and a beta of 0.55.

Hedge funds have recently modified their holdings of the business. Miller Value Partners LLC raised its position in shares of GNC by 31.5% in the 2nd quarter. Miller Value Partners LLC now owns 92,285 shares of the specialty retailer’s stock worth $325,000 after acquiring an additional 22,125 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of GNC by 7.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 345,561 shares of the specialty retailer’s stock worth $1,217,000 after acquiring an additional 24,656 shares in the last quarter. Clinton Group Inc. bought a new position in shares of GNC in the 2nd quarter worth $105,000. Gamco Investors INC. ET AL raised its position in shares of GNC by 22.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 165,000 shares of the specialty retailer’s stock worth $581,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of GNC by 30.3% in the 2nd quarter. Swiss National Bank now owns 145,700 shares of the specialty retailer’s stock worth $513,000 after acquiring an additional 33,900 shares in the last quarter. Institutional investors and hedge funds own 47.53% of the company’s stock.

GNC Company Profile

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

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