GNC Holdings Inc Gets a Hold Rating from Robert W. Baird

By Jason Carr

Robert W. Baird analyst Peter Benedict reiterated a Hold rating on GNC Holdings Inc (NYSE: GNC) on September 15 and set a price target of $10. The company’s shares closed on Friday at $10.16.

According to TipRanks.com, Benedict is a 3-star analyst with an average return of 2.8% and a 62.0% success rate. Benedict covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Dick’s Sporting Goods, and Sportsman’s Warehouse.

GNC Holdings Inc has an analyst consensus of Moderate Sell, with a price target consensus of $9.50.

Based on GNC Holdings Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $641 million and quarterly net profit of $15.66 million. In comparison, last year the company earned revenue of $673 million and had a net profit of $64.03 million.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GNC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

GNC Holdings, Inc. is a global retailer of health, wellness and performance products, including vitamins, minerals and herbal supplements products, sports nutrition products and diet products. The company operates through the following segments: Retail, Franchise, and Manufacturing & Wholesale.