Barclays Maintains a Sell Rating on GNC Holdings Inc
Barclays analyst Karen Short maintained a Sell rating on GNC Holdings Inc (NYSE: GNC) yesterday and set a price target of $3. The company’s shares opened today at $3.28, close to its 52-week low of $2.90.
According to TipRanks.com, Short is a 3-star analyst with an average return of 5.1% and a 55.7% success rate. Short covers the Services sector, focusing on stocks such as The Chefs’ Warehouse, Sprouts Farmers, and Kroger Company.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for GNC Holdings Inc with a $3 average price target.
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Based on GNC Holdings Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $6.19 million. In comparison, last year the company had a net profit of $15.66 million.
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GNC Holdings, Inc. engages in the global retail of health, wellness and performance products, including vitamins, minerals and herbal supplements products, sports nutrition products and diet products. It operates through the following segments: U.S. & Canada, International and Manufacturing or Wholesale.