Wedbush Downgrades GNC Holdings Inc to Neutral

Brokerage firm Wedbush Downgrades its rating on GNC Holdings Inc(NYSE:GNC). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Wedbush was issued on Aug 1, 2016.

In a different note, On Jul 29, 2016, Deutsche Bank said it Maintains its rating on GNC Holdings Inc. In the research note, the firm Lowers the price-target to $26.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 29, 2016, Jefferies said it Maintains its rating on GNC Holdings Inc. In the research note, the firm Lowers the price-target to $27.00 per share. The shares have been rated ‘Hold’ by the firm. Piper Jaffray said it Initiates Coverage on GNC Holdings Inc, according to a research note issued on May 10, 2016. The shares have been rated ‘Overweight’ by the firm. On May 5, 2016, Morgan Stanley said it Downgrades its rating on GNC Holdings Inc. The shares have been rated ‘Equal-weight’ by the firm.

GNC Holdings Inc (GNC) made into the market gainers list on Mondays trading session with the shares advancing 1.11% or 0.22 points. Due to strong positive momentum, the stock ended at $20.05, which is also near the day’s high of $20.24. The stock began the session at $19.9 and the volume stood at 23,60,614 shares. The 52-week high of the shares is $50.89 and the 52 week low is $18.92. The company has a current market capitalization of $1,371 M and it has 6,83,82,474 shares in outstanding.

GNC Holdings Inc(GNC) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $673.22M. Analysts had an estimated revenue of $670.65M. Earnings per share were $0.79. Analysts had estimated an EPS of $0.78.

Several Insider Transactions has been reported to the SEC. 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 GNC.com LuckyVitamin.com and DiscountSupplements.com. 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.

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