GNC (GNC) Stock Price Down 8.1%

GNC Holdings, Inc. (NYSE:GNC) shares were down 8.1% on Thursday . The company traded as low as $5.48 and last traded at $5.58. Approximately 3,782,169 shares changed hands during mid-day trading, an increase of 22% from the average daily volume of 3,099,323 shares. The stock had previously closed at $6.07.

A number of research analysts have weighed in on GNC shares. Zacks Investment Research downgraded shares of GNC from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. Barclays reduced their price target on shares of GNC from $9.00 to $6.00 and set an “underweight” rating for the company in a research report on Friday, October 27th. Bank of America reduced their price target on shares of GNC from $6.25 to $5.50 and set an “underperform” rating for the company in a research report on Tuesday, August 22nd. Robert W. Baird restated a “hold” rating and set a $10.00 price target on shares of GNC in a research report on Sunday, September 17th. Finally, ValuEngine downgraded shares of GNC from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Six equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.95.

The firm has a market capitalization of $381.24, a price-to-earnings ratio of 4.85 and a beta of 0.86. The company has a current ratio of 2.44, a quick ratio of 0.70 and a debt-to-equity ratio of -55.95.

GNC (NYSE:GNC) last released 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 business had revenue of $609.47 million during the quarter, compared to analyst estimates of $614.08 million. GNC had a negative net margin of 15.11% and a negative return on equity of 133.37%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. equities analysts anticipate that GNC Holdings, Inc. will post 1.28 earnings per share for the current year.

In other news, EVP Tim Mantel purchased 20,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was acquired at an average price of $5.80 per share, with a total value of $116,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kenneth Martindale sold 64,555 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $9.28, for a total transaction of $599,070.40. Following the completion of the sale, the chief executive officer now directly 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. 1.85% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System grew its stake in shares of GNC by 13.2% in the 3rd quarter. California Public Employees Retirement System now owns 556,518 shares of the specialty retailer’s stock valued at $4,920,000 after buying an additional 64,818 shares during the period. Allianz Asset Management GmbH grew its stake in shares of GNC by 40.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 61,641 shares of the specialty retailer’s stock valued at $545,000 after buying an additional 17,751 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of GNC by 17.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 532,155 shares of the specialty retailer’s stock valued at $4,705,000 after buying an additional 77,764 shares during the period. Wells Fargo & Company MN grew its stake in shares of GNC by 66.8% in the 3rd quarter. Wells Fargo & Company MN now owns 523,768 shares of the specialty retailer’s stock valued at $4,630,000 after buying an additional 209,789 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of GNC by 72.1% in the 3rd quarter. Legal & General Group Plc now owns 152,005 shares of the specialty retailer’s stock valued at $1,339,000 after buying an additional 63,690 shares during the period. 61.93% of the stock is owned by institutional investors and hedge funds.

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About GNC

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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