GNC Holdings' (GNC) Sell Rating Reiterated at Goldman Sachs Group Inc

Owen Stevens
April 21, 2017

Shares of GNC Holdings jumped 24% after the company posted first-quarter results that, while not flawless, were still not as bad as some investors had feared. Victory Capital Management Inc. now owns 9,544 shares of the specialty retailer's stock worth $195,000 after buying an additional 2,423 shares during the period. BlackRock Group LTD boosted its position in shares of GNC Holdings by 2.0% in the second quarter. GNC Holdings, Inc. (NASDAQ:GNC) has fallen 161.78% over the past 6 months and is downtrending. Although shares rose slightly immediately after the release, the stock has now seen a slight pullback from about $147 to $144 as the market digests the figures. Stillwater Investment Management L.P. acquired a new stake in GNC Holdings during the third quarter valued at approximately $3,196,000. The stock's price fluctuated within the range of $8.35 - $9.44 during previous trading session. It dropped, as 46 investors sold GNC Holdings Inc shares while 59 reduced holdings.

A number of analysts have recently commented on the company.

12/13/2016 - GNC Holdings, Inc. was downgraded to "underweight" by analysts at Barclays. GNC Holdings Inc (NYSE:GNC) shares were trading -74.39% below from the 52-week high mark of $34.76 and 38.71% above from the 52-week bottom of $6.51.

GNC Holdings Inc. closed its last trading session at $7.27 with the gain of 0.41%.

GNC Holdings Inc. (GNC)'s distance from 200 day simple moving average is -39.21 percent, its distance from 50 day simple moving average is 18.17 percent, while its distance from 20 day simple moving average is 26.68 percent.

At the moment 11 analysts are watching GNC Holdings, Inc. The company has a 1 Year high price target of $8.78.

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Best time to invest in stock market is when things are on odd side, and it's not easy how to pick stocks. This is an increase of 980% compared to the typical volume of 183 call options.

GNC Holdings Inc. (GNC) is expected to post revenue of $630.42 Million in the current quarter, according to consensus of 6 analysts. Its quick ratio for most recent quarter is 0.70 along with current ratio for most recent quarter of 2.60.

Maximum and minimum EPS estimate for the current quarter is projected at $0.54 and $0.25, respectively, according to 8 analysts.

TRADEMARK VIOLATION NOTICE: This report was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another website, it was copied illegally and reposted in violation of United States & worldwide trademark & copyright legislation. The original version of this piece of content can be read at Bank of America Corporation cut shares of GNC Holdings from a "neutral" rating to an "underperform" rating and set a $13.00 target price for the a report on Friday, October 28th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $12.00 target price on shares of GNC Holdings in a report on Tuesday, February 14th. Zacks Investment Research upgraded GNC Holdings from a "strong sell" rating to a "hold" rating in a report on Thursday, January 19th.

In other GNC Holdings news, SVP Guru Ramanathan purchased 29,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 7th. The number of shares now owned by investors are 68.56 mln. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The shares were purchased at an average price of $7.72 per share, with a total value of $227,740.00. Following the transaction, the director now owns 67,589 shares in the company, valued at $471,771.22. The disclosure for this purchase can be found here. Consequently, gross margin contracted 223 basis points (bps) to 33% owing to lower sales and product margins at the company's business and deleverage of occupancy costs as a result of negative same-store sales.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -37.76%, and has a poor year to date (YTD) performance of -16.67% which means the stock is constantly subtracting to its value from the previous fiscal year end price.

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