GNC (GNC) Shares Gap Up to $3.35
Shares of GNC Holdings Inc (NYSE:GNC) gapped up prior to trading on Monday . The stock had previously closed at $3.27, but opened at $3.35. GNC shares last traded at $3.69, with a volume of 7719300 shares traded.
A number of analysts have recently weighed in on the stock. Robert W. Baird reaffirmed a “hold” rating and issued a $10.00 price target on shares of GNC in a research note on Sunday, September 17th. ValuEngine raised shares of GNC from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. 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 note on Friday, October 27th. Finally, Zacks Investment Research lowered shares of GNC from a “hold” rating to a “strong sell” rating in a research note on Friday, October 27th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. GNC has an average rating of “Hold” and an average price target of $8.10.
The company has a market cap of $254.62, a P/E ratio of -0.68 and a beta of 0.79. 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 earnings results on Thursday, October 26th. The specialty retailer reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). GNC had a negative net margin of 15.11% and a negative return on equity of 133.37%. The business had revenue of $609.47 million for the quarter, compared to analyst estimates of $614.08 million. During the same period in the prior year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. equities analysts predict that GNC Holdings Inc will post 1.28 EPS for the current fiscal year.
In other GNC news, EVP Tim Mantel bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average cost of $5.80 per share, with a total value of $116,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.85% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of GNC by 5.3% during the second quarter. State Street Corp now owns 2,369,707 shares of the specialty retailer’s stock valued at $19,971,000 after acquiring an additional 118,390 shares during the period. Northern Trust Corp raised its holdings in shares of GNC by 4.6% during the second quarter. Northern Trust Corp now owns 891,636 shares of the specialty retailer’s stock valued at $7,517,000 after acquiring an additional 39,378 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of GNC by 53.0% during the second quarter. Parametric Portfolio Associates LLC now owns 683,197 shares of the specialty retailer’s stock valued at $5,759,000 after acquiring an additional 236,793 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of GNC by 14.9% during the second quarter. Bank of New York Mellon Corp now owns 567,750 shares of the specialty retailer’s stock valued at $4,787,000 after acquiring an additional 73,710 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of GNC by 13.2% during the third quarter. California Public Employees Retirement System now owns 556,518 shares of the specialty retailer’s stock valued at $4,920,000 after acquiring an additional 64,818 shares during the period. Institutional investors and hedge funds own 61.81% of the company’s stock.
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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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