GNC Holdings, Inc. (NYSE:GNC) EVP Tim Mantel purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average price of $5.80 per share, for a total transaction of $116,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
GNC Holdings, Inc. (GNC) traded up $0.18 during mid-day trading on Tuesday, hitting $6.01. The stock had a trading volume of 2,162,300 shares, compared to its average volume of 3,077,609. GNC Holdings, Inc. has a 52-week low of $5.61 and a 52-week high of $15.50. 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 capitalization of $402.29, a PE ratio of 4.98 and a beta of 0.86.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings results on Thursday, October 26th. The specialty retailer reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). GNC Holdings had a negative return on equity of 133.37% and a negative net margin of 15.11%. The business had revenue of $609.47 million during the quarter, compared to analysts’ expectations of $614.08 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. analysts expect that GNC Holdings, Inc. will post 1.28 EPS for the current year.
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Hedge funds have recently bought and sold shares of the company. Federated Investors Inc. PA raised its stake in shares of GNC Holdings by 28.3% in the second quarter. Federated Investors Inc. PA now owns 803,887 shares of the specialty retailer’s stock worth $6,777,000 after purchasing an additional 177,528 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of GNC Holdings by 20.7% in the second quarter. California Public Employees Retirement System now owns 491,700 shares of the specialty retailer’s stock worth $4,145,000 after purchasing an additional 84,300 shares during the last quarter. Maverick Capital Ltd. purchased a new position in shares of GNC Holdings in the second quarter worth $2,797,000. Ameriprise Financial Inc. purchased a new position in shares of GNC Holdings in the first quarter worth $233,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of GNC Holdings in the second quarter worth $311,000. Hedge funds and other institutional investors own 63.25% of the company’s stock.
Several equities research analysts recently weighed in on the company. Barclays PLC dropped their price target on GNC Holdings from $9.00 to $6.00 and set an “underweight” rating on the stock in a research report on Friday, October 27th. Zacks Investment Research downgraded GNC Holdings from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. ValuEngine raised GNC Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Robert W. Baird reissued a “hold” rating and issued a $10.00 target price on shares of GNC Holdings in a report on Sunday, September 17th. Finally, Bank of America Corporation dropped their target price on GNC Holdings from $6.25 to $5.50 and set an “underperform” rating on the stock in a report on Tuesday, August 22nd. Six equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. GNC Holdings has an average rating of “Hold” and a consensus price target of $7.95.
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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