GNC Holdings Inc (GNC) is Initiated by Piper Jaffray to Overweight, Price Target at $38

GNC Holdings Inc (GNC) was Initiated by Piper Jaffray to “Overweight” and the brokerage firm has set the Price Target at $38. Piper Jaffray advised their investors in a research report released on May 10, 2016.

Many Wall Street Analysts have commented on GNC Holdings Inc. GNC Holdings Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on May 5, 2016. GNC Holdings Inc was Downgraded by Goldman to ” Neutral” on Apr 29, 2016. Shares were Reiterated by Wedbush on Apr 29, 2016 to “Outperform” and Lowered the Price Target to $ 31 from a previous price target of $40 .

On the company’s financial health, GNC Holdings Inc reported $0.69 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.74. The company had revenue of $668.90 million for the quarter, compared to analysts expectations of $668.32 million. The company’s revenue was down -1.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.

GNC Holdings Inc closed down -0.01 points or -0.04% at $25.94 with 17,51,015 shares getting traded on Friday. Post opening the session at $25.89, the shares hit an intraday low of $25.52 and an intraday high of $26.16 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Nov 6, 2015, Tricia K. Tolivar (CFO) purchased 760 shares at $33.07 per share price.

GNC Holdings Inc. (GNC) is a specialty retailer of health and wellness products including vitamins minerals and herbal supplement products (VMHS) sports nutrition products and diet products. Its product mix is sold under its GNC brands including Mega Men Ultra Mega Total Lean Pro Performance and Pro Performance AMP and Beyond Raw and under third-party brands. It operates in three segments: Retail Franchise and Manufacturing/Wholesale. The Company’s retail generates revenues from sales of products to customers at Company-owned stores in the United States Canada and Puerto Rico and through its Websites and Franchise consists of its domestic and international franchise operations and generates revenues from franchise activities through product sales to franchisees royalties on franchise retail sales and franchise fees. Manufacturing/Wholesale comprises manufacturing operations in South Carolina and its wholesale sales business.

GNC Holdings Inc

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