GNC Holdings, Inc. (GNC) Shares Down 6%
GNC Holdings, Inc. (NYSE:GNC) shares traded down 6% on Wednesday . The company traded as low as $6.19 and last traded at $5.93. 3,868,865 shares traded hands during mid-day trading, an increase of 37% from the average session volume of 2,833,801 shares. The stock had previously closed at $6.30.
A number of research analysts recently weighed in on the company. ValuEngine raised GNC Holdings from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Barclays PLC raised their price objective on GNC Holdings from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Friday, July 28th. Zacks Investment Research raised GNC Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Robert W. Baird reissued a “hold” rating and issued a $10.00 price objective on shares of GNC Holdings in a research note on Sunday, September 17th. Finally, Bank of America Corporation cut their price objective on GNC Holdings from $6.25 to $5.50 and set an “underperform” rating on the stock in a research note on Tuesday, August 22nd. Six research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $7.95.
The company has a quick ratio of 0.70, a current ratio of 2.44 and a debt-to-equity ratio of -55.95. The stock has a market cap of $470.60, a PE ratio of 5.83 and a beta of 0.86.
GNC Holdings (NYSE:GNC) last issued its quarterly earnings results on Thursday, October 26th. The specialty retailer reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). The business had revenue of $609.47 million during the quarter, compared to the consensus estimate of $614.08 million. GNC Holdings had a negative return on equity of 133.37% and a negative net margin of 15.11%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 earnings per share. sell-side analysts expect that GNC Holdings, Inc. will post 1.28 EPS for the current fiscal year.
In other GNC Holdings news, CEO Kenneth Martindale sold 64,555 shares of GNC Holdings stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $9.28, for a total value of $599,070.40. Following the transaction, the chief executive officer now directly owns 455,001 shares of the company’s stock, valued at approximately $4,222,409.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.85% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Wedge Capital Management L L P NC acquired a new stake in shares of GNC Holdings during the 3rd quarter worth approximately $311,000. Dupont Capital Management Corp grew its holdings in shares of GNC Holdings by 54.7% during the 3rd quarter. Dupont Capital Management Corp now owns 152,333 shares of the specialty retailer’s stock worth $1,347,000 after purchasing an additional 53,879 shares in the last quarter. Nationwide Fund Advisors grew its holdings in shares of GNC Holdings by 61.6% during the 3rd quarter. Nationwide Fund Advisors now owns 64,311 shares of the specialty retailer’s stock worth $569,000 after purchasing an additional 24,511 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of GNC Holdings during the 3rd quarter worth approximately $203,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of GNC Holdings during the 3rd quarter worth approximately $109,000. 63.62% of the stock is currently owned by institutional investors.
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About GNC Holdings
GNC Holdings, Inc is a specialty retailer of health, wellness and performance products, which include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink and other general merchandise. The Company’s operations consist of purchasing raw materials, formulating and manufacturing products and selling the finished products.
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