GNC Holdings, Inc. (NYSE:GNC) was down 7.4% during trading on Monday . The stock traded as low as $7.92 and last traded at $7.93. Approximately 3,403,419 shares changed hands during trading, an increase of 46% from the average daily volume of 2,335,310 shares. The stock had previously closed at $8.56.
Several equities research analysts recently commented on GNC shares. ValuEngine lowered shares of GNC Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of GNC Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Robert W. Baird reiterated a “hold” rating and set a $10.00 price target on shares of GNC Holdings in a research note on Sunday, September 17th. BidaskClub lowered shares of GNC Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Finally, Bank of America Corporation cut their price target on shares of GNC Holdings from $6.25 to $5.50 and set an “underperform” rating on the stock in a research note on Tuesday, August 22nd. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $8.37.
The company’s 50-day moving average price is $8.75 and its 200-day moving average price is $8.24. The firm’s market cap is $560.75 million.
GNC Holdings (NYSE:GNC) last issued its earnings results on Thursday, July 27th. The specialty retailer reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. GNC Holdings had a negative net margin of 14.56% and a positive return on equity of 285.93%. The company had revenue of $640.99 million for the quarter, compared to analysts’ expectations of $646.48 million. During the same period in the prior year, the company earned $0.79 earnings per share. The firm’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts anticipate that GNC Holdings, Inc. will post $1.36 EPS for the current year.
In related news, CEO Kenneth Martindale sold 64,555 shares of the stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.85% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Bayesian Capital Management LP acquired a new stake in shares of GNC Holdings in the 2nd quarter worth about $102,000. WFG Advisors LP increased its holdings in shares of GNC Holdings by 13.1% in the 2nd quarter. WFG Advisors LP now owns 14,773 shares of the specialty retailer’s stock worth $125,000 after acquiring an additional 1,715 shares during the period. Stonebridge Capital Management Inc. acquired a new stake in shares of GNC Holdings in the 2nd quarter worth about $128,000. Karp Capital Management Corp acquired a new stake in shares of GNC Holdings in the 1st quarter worth about $113,000. Finally, Sii Investments Inc. WI acquired a new stake in shares of GNC Holdings in the 1st quarter worth about $140,000. 65.54% of the stock is currently owned by institutional investors and hedge funds.
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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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