GNC (GNC) Sets New 12-Month Low at $4.95

GNC Holdings, Inc. (NYSE:GNC)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.95 and last traded at $5.14, with a volume of 3109500 shares trading hands. The stock had previously closed at $5.27.

Several equities analysts recently issued reports on GNC shares. Bank of America lowered their price objective on GNC from $6.25 to $5.50 and set an “underperform” rating on the stock in a research report on Tuesday, August 22nd. ValuEngine cut GNC from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and issued a $10.00 price objective on shares of GNC in a research report on Sunday, September 17th. Zacks Investment Research cut GNC from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. Finally, Barclays lowered their price objective on GNC 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 assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. GNC currently has a consensus rating of “Hold” and an average target price of $7.95.

The company has a market capitalization of $363.64, a P/E ratio of 4.50 and a beta of 0.78. 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 announced its earnings results on Thursday, October 26th. The specialty retailer reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The company had revenue of $609.47 million for the quarter, compared to analysts’ expectations of $614.08 million. GNC had a negative net margin of 15.11% and a negative return on equity of 133.37%. GNC’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. analysts predict that GNC Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

In related news, EVP Tim Mantel bought 20,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was acquired at an average cost of $5.80 per share, for a total transaction of $116,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kenneth Martindale sold 64,555 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $9.28, for a total transaction of $599,070.40. Following the sale, 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 currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bayesian Capital Management LP purchased a new stake in shares of GNC in the 2nd quarter worth $102,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of GNC in the 3rd quarter worth $109,000. WFG Advisors LP increased its stake in shares of GNC by 13.1% in the 2nd quarter. WFG Advisors LP now owns 14,773 shares of the specialty retailer’s stock worth $125,000 after purchasing an additional 1,715 shares in the last quarter. Comerica Bank increased its stake in shares of GNC by 6.7% in the 2nd quarter. Comerica Bank now owns 22,443 shares of the specialty retailer’s stock worth $201,000 after purchasing an additional 1,419 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of GNC in the 3rd quarter worth $203,000. Institutional investors and hedge funds own 61.93% of the company’s stock.

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About GNC

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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