News stories about GNC Holdings (NYSE:GNC) have been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. GNC Holdings earned a news impact score of 0.11 on Accern’s scale. Accern also gave news headlines about the specialty retailer an impact score of 46.4208816802959 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
GNC Holdings (GNC) traded down $0.11 during trading on Friday, reaching $5.83. 3,341,700 shares of the company’s stock traded hands, compared to its average volume of 3,116,367. 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 Holdings has a 52-week low of $5.61 and a 52-week high of $15.50. The company has a market cap of $402.29, a price-to-earnings ratio of 4.98 and a beta of 0.86.
GNC Holdings (NYSE:GNC) last released its quarterly earnings results on Thursday, October 26th. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $609.47 million for the quarter, compared to the consensus estimate of $614.08 million. During the same quarter in the previous year, the business posted $0.59 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. equities research analysts expect that GNC Holdings will post 1.28 EPS for the current fiscal year.
A number of equities research analysts have issued reports on GNC shares. ValuEngine downgraded shares of GNC Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of GNC Holdings from a “hold” rating to a “strong sell” rating in a research note on Friday, October 27th. Robert W. Baird restated a “hold” rating and issued a $10.00 price target on shares of GNC Holdings in a research note on Sunday, September 17th. BidaskClub upgraded shares of GNC Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Bank of America Corporation reduced 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. Six investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.95.
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In other news, CEO Kenneth Martindale sold 64,555 shares of GNC Holdings stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $9.28, for a total value of $599,070.40. Following the completion of the sale, the chief executive officer now owns 455,001 shares in the company, valued at approximately $4,222,409.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.85% of the stock is currently owned by company insiders.
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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