The stock of GNC Holdings Inc (NYSE:GNC) hit a new 52-week low and has $11.96 target or 9.00% below today’s $13.14 share price. The 8 months bearish chart indicates high risk for the $895.44 million company. The 1-year low was reported on Nov, 1 by Barchart.com. If the $11.96 price target is reached, the company will be worth $80.59M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.60 million shares traded hands. GNC Holdings Inc (NYSE:GNC) has declined 57.47% since March 30, 2016 and is downtrending. It has underperformed by 60.49% the S&P500.
Analysts await GNC Holdings Inc (NYSE:GNC) to report earnings on November, 3. They expect $0.72 EPS, down 4.00% or $0.03 from last year’s $0.75 per share. GNC’s profit will be $49.07M for 4.56 P/E if the $0.72 EPS becomes a reality. After $0.79 actual EPS reported by GNC Holdings Inc for the previous quarter, Wall Street now forecasts -8.86% negative EPS growth.
GNC Holdings Inc (NYSE:GNC) Ratings Coverage
Out of 10 analysts covering GNC Holdings (NYSE:GNC), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. GNC Holdings has been the topic of 18 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Wedbush given on Friday, April 29. On Friday, October 28 the stock rating was downgraded by Piper Jaffray to “Underweight”. The rating was initiated by Barclays Capital with “Equal-Weight” on Friday, September 23. Barclays Capital maintained GNC Holdings Inc (NYSE:GNC) rating on Monday, November 2. Barclays Capital has “Overweight” rating and $37 price target. Wedbush initiated GNC Holdings Inc (NYSE:GNC) rating on Thursday, April 21. Wedbush has “Outperform” rating and $40 price target. The rating was maintained by Deutsche Bank with “Hold” on Friday, October 28. As per Tuesday, May 10, the company rating was initiated by Piper Jaffray. The firm has “Neutral” rating by JP Morgan given on Monday, November 2. Sterne Agee CRT downgraded the shares of GNC in a report on Friday, October 23 to “Neutral” rating. The firm has “Buy” rating given on Wednesday, April 6 by Goldman Sachs.
According to Zacks Investment Research, “GNC Holdings, Inc. operates as a specialty retailer of nutritional products including vitamin, mineral, herbal and other specialty supplements and sports nutrition, diet and energy products. The Company offers its products under the brands- Mega Men, Ultra Mega, GNC WELLbeING, Pro Performance, Pro Performance AMP and Longevity Factors and etc. It also offers products and product information online. GNC Holdings, Inc. is based in Pittsburgh, Pennsylvania.”
Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.15, from 1.05 in 2016Q1. The ratio worsened, as 47 funds sold all GNC Holdings Inc shares owned while 67 reduced positions. 33 funds bought stakes while 70 increased positions. They now own 64.83 million shares or 5.96% less from 68.93 million shares in 2016Q1.
Sei Invs has invested 0% of its portfolio in GNC Holdings Inc (NYSE:GNC). Gotham Asset Mngmt Limited Company owns 298,026 shares or 0.09% of their US portfolio. The Pennsylvania-based Federated Invsts Inc Pa has invested 0.03% in GNC Holdings Inc (NYSE:GNC). Sg Americas Securities Limited, a New York-based fund reported 59,654 shares. Principal Financial Grp Incorporated last reported 13,870 shares in the company. Blackrock Grp Inc has 0.01% invested in the company for 623,011 shares. Private Llc holds 1.3% or 364,759 shares in its portfolio. Clinton Grp Inc last reported 22,155 shares in the company. Voya Mngmt Ltd Liability Corp reported 27,235 shares or 0% of all its holdings. Ig Invest Management Limited accumulated 0% or 623 shares. Engineers Gate Manager Limited Partnership, a New York-based fund reported 49,800 shares. Deere Company last reported 17,483 shares in the company. Capital Inv Counsel Incorporated accumulated 0.39% or 31,250 shares. Tpg accumulated 10.72% or 3.06 million shares. Dimensional Fund Advsr Limited Partnership has 0.01% invested in the company for 921,509 shares.
More notable recent GNC Holdings Inc (NYSE:GNC) news were published by: Prnewswire.com which released: “GNC Holdings, Inc. Announces Quarterly Dividend” on October 21, 2016, also Nasdaq.com with their article: “Earnings Reaction History: GNC Holdings Inc, 50.0% Follow-Through Indicator, 8 …” published on October 27, 2016, Prnewswire.com published: “GNC Holdings, Inc. Third Quarter 2016 Earnings Release, Webcast and Conference …” on October 11, 2016. More interesting news about GNC Holdings Inc (NYSE:GNC) were released by: Investorplace.com and their article: “Why Halliburton Company (HAL), GNC Holdings Inc (GNC) and Michael Kors …” published on October 19, 2016 as well as Forbes.com‘s news article titled: “GNC Holdings is Oversold” with publication date: October 27, 2016.
GNC Company Profile
GNC Holdings, Inc., incorporated on February 5, 2007, 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’s activities consist of purchasing raw materials, formulating and manufacturing products and selling the finished products. The Firm operates in three divisions: Retail, Franchising and Manufacturing/Wholesale. The Company’s brands include Mega Men, Ultra Mega, Total Lean, Pro Performance and Pro Performance AMP, Beyond Raw, GNC Puredge, GNC GenetixHD and Herbal Plus. The Firm operates its primary manufacturing facilities in South Carolina and distribution centers in Arizona, Indiana, Pennsylvania and South Carolina. The Firm makes its branded products and also merchandises various third-party products.
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