GNC Holdings, Inc. (NYSE:GNC) had its price objective lowered by research analysts at Barclays PLC from $9.00 to $6.00 in a research report issued to clients and investors on Friday, October 27th. The brokerage currently has an “underweight” rating on the specialty retailer’s stock. Barclays PLC’s price target indicates a potential downside of 2.44% from the company’s previous close.
A number of other equities analysts have also commented on the company. Zacks Investment Research lowered GNC Holdings from a “hold” rating to a “strong sell” rating in a research note on Friday, October 27th. ValuEngine raised GNC Holdings from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Robert W. Baird reaffirmed a “hold” rating and issued a $10.00 price objective on shares of GNC Holdings in a research note on Sunday, September 17th. Bank of America Corporation lowered their target price on GNC Holdings from $6.25 to $5.50 and set an “underperform” rating for the company in a report on Tuesday, August 22nd. Finally, BidaskClub upgraded GNC Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Six research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $7.95.
GNC Holdings (GNC) traded up $0.37 during trading on Friday, hitting $6.15. The company had a trading volume of 3,566,300 shares, compared to its average volume of 3,075,732. The company has a debt-to-equity ratio of -55.95, a quick ratio of 0.70 and a current ratio of 2.44. The firm has a market capitalization of $414.71, a price-to-earnings ratio of 5.14 and a beta of 0.86. GNC Holdings has a one year low of $5.61 and a one year high of $15.50.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings data on Thursday, October 26th. The specialty retailer reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.01). The company had revenue of $609.47 million during the quarter, compared to analyst estimates of $614.08 million. GNC Holdings had a negative return on equity of 133.37% and a negative net margin of 15.11%. GNC Holdings’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. analysts predict that GNC Holdings will post 1.28 EPS for the current year.
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In other news, EVP Tim Mantel acquired 20,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was purchased at an average price of $5.80 per share, for a total transaction of $116,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kenneth Martindale sold 64,555 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $9.28, for a total value of $599,070.40. Following the sale, the chief executive officer now owns 455,001 shares of the company’s stock, valued at approximately $4,222,409.28. The disclosure for this sale can be found here. Insiders own 1.85% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bayesian Capital Management LP bought a new stake in shares of GNC Holdings during the second quarter valued at approximately $102,000. Quantitative Systematic Strategies LLC bought a new stake in shares of GNC Holdings during the third quarter valued at approximately $109,000. Karp Capital Management Corp bought a new stake in shares of GNC Holdings during the first quarter valued at approximately $113,000. WFG Advisors LP increased its holdings in shares of GNC Holdings by 13.1% during the second quarter. WFG Advisors LP now owns 14,773 shares of the specialty retailer’s stock valued at $125,000 after acquiring an additional 1,715 shares in the last quarter. Finally, Stonebridge Capital Management Inc. bought a new stake in shares of GNC Holdings during the second quarter valued at approximately $128,000. Hedge funds and other institutional investors own 63.25% of the company’s stock.
GNC Holdings Company Profile
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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