GNC Holdings, Inc. (NYSE:GNC) announced its quarterly earnings results on Thursday, October 26th. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01), Bloomberg Earnings reports. GNC Holdings had a negative net margin of 15.11% and a negative return on equity of 133.37%. The company had revenue of $609.47 million during the quarter, compared to the consensus estimate of $614.08 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis.
GNC Holdings (NYSE:GNC) traded down $0.11 during trading hours on Friday, reaching $5.83. 3,341,700 shares of the company’s stock were exchanged, compared to its average volume of 3,116,367. The company has a debt-to-equity ratio of -55.95, a current ratio of 2.44 and a quick ratio of 0.70. The firm has a market capitalization of $402.29, a PE ratio of 4.98 and a beta of 0.86. GNC Holdings has a 52 week low of $5.61 and a 52 week high of $15.50.
In other 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 completion of the sale, the chief executive officer now directly owns 455,001 shares in the company, valued at $4,222,409.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.85% of the company’s stock.
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GNC has been the subject of a number of recent analyst reports. ValuEngine raised shares of GNC Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Robert W. Baird restated a “hold” rating and issued a $10.00 price target on shares of GNC Holdings in a report on Sunday, September 17th. Zacks Investment Research upgraded shares of GNC Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 31st. 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 objective on shares of GNC Holdings from $6.25 to $5.50 and set an “underperform” rating for the company in a research note on Tuesday, August 22nd. Six 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 stock. The stock has an average rating of “Hold” and an average target price 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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