ValuEngine cut shares of GNC (NYSE:GNC) from a strong-buy rating to a buy rating in a research note released on Thursday, December 21st.
GNC has been the subject of several other research reports. Zacks Investment Research cut shares of GNC from a hold rating to a strong sell rating in a research report on Friday, October 27th. Robert W. Baird reiterated a hold rating and set a $10.00 price target on shares of GNC in a research report on Sunday, September 17th. Finally, Barclays lowered 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. Five investment 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’s stock. The stock presently has an average rating of Hold and an average price target of $8.10.
Shares of GNC (NYSE:GNC) remained flat at $$3.72 during midday trading on Thursday. The stock had a trading volume of 5,547,410 shares, compared to its average volume of 4,168,972. GNC has a one year low of $3.13 and a one year high of $11.79. The company has a market capitalization of $256.69, a P/E ratio of -0.68 and a beta of 0.79. The company has a debt-to-equity ratio of -55.95, a current ratio of 2.44 and a quick ratio of 0.70.
GNC (NYSE:GNC) last announced its earnings results on Thursday, October 26th. The specialty retailer reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.01). GNC had a negative return on equity of 133.37% and a negative net margin of 15.11%. The company had revenue of $609.47 million during the quarter, compared to the consensus estimate of $614.08 million. During the same period in the prior year, the firm posted $0.59 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. equities research analysts expect that GNC will post 1.28 earnings per share for the current year.
In related news, EVP Tim Mantel purchased 20,000 shares of GNC stock in a transaction dated Friday, November 10th. The stock was bought 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 the SEC website. 1.85% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System raised its position in GNC by 13.2% during the third quarter. California Public Employees Retirement System now owns 556,518 shares of the specialty retailer’s stock worth $4,920,000 after acquiring an additional 64,818 shares in the last quarter. Allianz Asset Management GmbH raised its position in GNC by 40.4% during the third quarter. Allianz Asset Management GmbH now owns 61,641 shares of the specialty retailer’s stock worth $545,000 after acquiring an additional 17,751 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in GNC by 17.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 532,155 shares of the specialty retailer’s stock worth $4,705,000 after acquiring an additional 77,764 shares in the last quarter. Wells Fargo & Company MN raised its position in GNC by 66.8% during the third quarter. Wells Fargo & Company MN now owns 523,768 shares of the specialty retailer’s stock worth $4,630,000 after acquiring an additional 209,789 shares in the last quarter. Finally, Legal & General Group Plc raised its position in GNC by 72.1% during the third quarter. Legal & General Group Plc now owns 152,005 shares of the specialty retailer’s stock worth $1,339,000 after acquiring an additional 63,690 shares in the last quarter. 61.81% of the stock is currently owned by institutional investors and hedge funds.
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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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