GNC Holdings, Inc. (GNC) Shares Down 14.4%

GNC Holdings, Inc. (NYSE:GNC)’s share price dropped 14.4% during trading on Tuesday . The stock traded as low as $5.34 and last traded at $5.76. Approximately 5,975,734 shares traded hands during mid-day trading, an increase of 94% from the average daily volume of 3,077,042 shares. The stock had previously closed at $6.73.

GNC has been the topic of a number of analyst reports. Bank of America Corporation reduced their price target on GNC Holdings from $6.25 to $5.50 and set an “underperform” rating on the stock in a research report on Tuesday, August 22nd. ValuEngine downgraded GNC Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded GNC Holdings from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. Robert W. Baird reissued a “hold” rating and set a $10.00 price target on shares of GNC Holdings in a research report on Sunday, September 17th. Finally, Barclays PLC reduced 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. Six research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. GNC Holdings currently has a consensus rating of “Hold” and an average price target of $7.95.

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 company has a market cap of $447.14, a P/E ratio of 5.85 and a beta of 0.86.

GNC Holdings (NYSE:GNC) last released its earnings results on Thursday, October 26th. The specialty retailer reported $0.32 earnings per share 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 business 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 company earned $0.59 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. sell-side analysts anticipate that GNC Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

In other news, EVP Tim Mantel purchased 20,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was bought at an average cost of $5.80 per share, for a total transaction of $116,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Kenneth Martindale sold 64,555 shares of the 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 transaction, the chief executive officer now owns 455,001 shares of the company’s stock, valued at $4,222,409.28. The disclosure for this sale can be found here. 1.85% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System lifted its stake in shares of GNC Holdings by 13.2% in the 3rd 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 last quarter. Allianz Asset Management GmbH lifted its stake in shares of GNC Holdings by 40.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 61,641 shares of the specialty retailer’s stock valued at $545,000 after acquiring an additional 17,751 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of GNC Holdings by 17.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 532,155 shares of the specialty retailer’s stock valued at $4,705,000 after acquiring an additional 77,764 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of GNC Holdings by 66.8% in the 3rd quarter. Wells Fargo & Company MN now owns 523,768 shares of the specialty retailer’s stock valued at $4,630,000 after acquiring an additional 209,789 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of GNC Holdings by 72.1% in the 3rd quarter. Legal & General Group Plc now owns 152,005 shares of the specialty retailer’s stock valued at $1,339,000 after acquiring an additional 63,690 shares during the last quarter. Institutional investors own 58.32% of the company’s stock.

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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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