GNC Holdings, Inc. (GNC) Sees Large Volume Increase on Better-Than-Expected Earnings

GNC Holdings, Inc. (NYSE:GNC) shares saw unusually-high trading volume on Thursday following a stronger than expected earnings report. Approximately 14,238,414 shares traded hands during trading, an increase of 510% from the previous session’s volume of 2,332,840 shares.The stock last traded at $10.95 and had previously closed at $9.37.

The specialty retailer reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. The company had revenue of $640.99 million during the quarter, compared to analysts’ expectations of $646.48 million. GNC Holdings had a positive return on equity of 285.93% and a negative net margin of 14.56%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS.

A number of research analysts have issued reports on the company. ValuEngine upgraded GNC Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Barclays PLC boosted their price target on GNC Holdings from $7.00 to $9.00 and gave the stock 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 report on Monday, July 31st. BidaskClub raised GNC Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Vetr lowered GNC Holdings from a “strong-buy” rating to a “buy” rating and set a $10.12 price objective for the company. in a report on Wednesday, April 19th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $9.58.

In related news, Director Alan D. Feldman bought 36,400 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were acquired at an average price of $6.87 per share, with a total value of $250,068.00. Following the transaction, the director now owns 47,337 shares of the company’s stock, valued at $325,205.19. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Tim Mantel acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were acquired at an average price of $7.21 per share, with a total value of $108,150.00. Following the acquisition, the executive vice president now owns 56,775 shares in the company, valued at approximately $409,347.75. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 354,400 shares of company stock worth $2,388,048. Insiders own 1.85% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Denver Investment Advisors LLC acquired a new stake in shares of GNC Holdings during the first quarter valued at approximately $101,000. Karp Capital Management Corp acquired a new stake in shares of GNC Holdings during the first quarter valued at approximately $113,000. Stonebridge Capital Management Inc. acquired a new stake in shares of GNC Holdings during the second quarter valued at approximately $128,000. Sii Investments Inc. WI acquired a new stake in shares of GNC Holdings during the first quarter valued at approximately $140,000. Finally, Comerica Bank purchased a new position in shares of GNC Holdings during the first quarter worth about $167,000. Hedge funds and other institutional investors own 79.50% of the company’s stock.

The stock has a 50-day moving average price of $8.61 and a 200 day moving average price of $8.02. The stock’s market capitalization is $652.50 million.

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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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