Notable Price Action: Is Buying Stock Like GNC Holdings Inc After Such Increase Winning Strategy?

Notable Price Action: Is Buying Stock Like GNC Holdings Inc After Such Increase Winning Strategy?

The stock of GNC Holdings Inc (NYSE:GNC) is a huge mover today! About 489,060 shares traded hands. GNC Holdings Inc (NYSE:GNC) has declined 58.96% since April 26, 2016 and is downtrending. It has underperformed by 64.22% the S&P500.
The move comes after 8 months positive chart setup for the $956.26 million company. It was reported on Nov, 29 by Barchart.com. We have $15.21 PT which if reached, will make NYSE:GNC worth $28.69 million more.

Analysts await GNC Holdings Inc (NYSE:GNC) to report earnings on February, 9. They expect $0.41 earnings per share, down 34.92% or $0.22 from last year’s $0.63 per share. GNC’s profit will be $26.54M for 9.01 P/E if the $0.41 EPS becomes a reality. After $0.59 actual earnings per share reported by GNC Holdings Inc for the previous quarter, Wall Street now forecasts -30.51% 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. $54 is the highest target while $16 is the lowest. The $29.88 average target is 102.30% above today’s ($14.77) stock price. GNC Holdings has been the topic of 18 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, October 30 by Deutsche Bank. The rating was upgraded by Stephens on Friday, October 30 to “Overweight”. The rating was initiated by Piper Jaffray on Tuesday, May 10 with “Overweight”. The company was maintained on Monday, November 2 by Barclays Capital. Barclays Capital initiated the shares of GNC in a report on Friday, September 23 with “Equal-Weight” rating. The firm has “Hold” rating by Deutsche Bank given on Friday, October 28. Goldman Sachs downgraded it to “Neutral” rating and $30 target price in Friday, April 29 report. The firm earned “Outperform” rating on Friday, April 29 by Wedbush. The firm has “Underweight” rating given on Friday, October 28 by Piper Jaffray. On Monday, November 2 the stock rating was maintained by JP Morgan with “Neutral”.

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 increased to 0.93 in 2016 Q2. Its up 0.03, from 0.9 in 2016Q1. The ratio increased, 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.
Ny State Teachers Retirement Systems accumulated 6,000 shares or 0% of the stock. Walleye Trading Limited Co, a Minnesota-based fund reported 32,100 shares. Moreover, Hutchin Hill Capital L P has 0.03% invested in GNC Holdings Inc (NYSE:GNC) for 37,600 shares. Jane Street Gru Ltd has invested 0.01% of its portfolio in GNC Holdings Inc (NYSE:GNC). Hsbc Public Limited Liability holds 97,768 shares or 0.01% of its portfolio. Clearline Capital Lp has 2.91% invested in the company for 603,931 shares. Fincl Bank Of New York Mellon holds 0.01% or 950,658 shares in its portfolio. Winslow Evans And Crocker Inc reported 6,686 shares or 0% of all its holdings. Federated Invsts Inc Pa last reported 0.03% of its portfolio in the stock. Credit Agricole S A has invested 0% of its portfolio in GNC Holdings Inc (NYSE:GNC). X Mgmt Communications Ltd Liability has invested 0% of its portfolio in GNC Holdings Inc (NYSE:GNC). Financial Bank Of America Corp De has 568,835 shares for 0% of their US portfolio. Engineers Gate Manager L P holds 0.09% or 49,800 shares in its portfolio. Scotia Capital Incorporated has 44,320 shares for 0.02% of their US portfolio. Cap Fund Mgmt Sa owns 236,608 shares or 0.05% of their US portfolio.

Another recent and important GNC Holdings Inc (NYSE:GNC) news was published by Seekingalpha.com which published an article titled: “GNC Holdings: Intriguing And Terrifying” on November 23, 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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