GNC Holdings, Inc. (NYSE:GNC) announced its earnings results on Thursday, October 26th. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.01), Bloomberg Earnings reports. GNC Holdings 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 for the quarter, compared to analyst estimates of $614.08 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. GNC Holdings’s revenue for the quarter was down 2.9% on a year-over-year basis.
Shares of GNC Holdings (NYSE GNC) traded down $0.11 during trading on Friday, hitting $5.83. 3,341,700 shares of the company traded hands, compared to its average volume of 3,116,367. The company has a quick ratio of 0.70, a current ratio of 2.44 and a debt-to-equity ratio of -55.95. GNC Holdings has a 12 month low of $5.61 and a 12 month 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.
Several equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of GNC Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Barclays PLC increased their price target on shares of GNC Holdings from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of GNC Holdings from a “sell” rating to a “hold” rating in a research note 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, Robert W. Baird restated a “hold” rating and set a $10.00 target price on shares of GNC Holdings in a research note on Sunday, September 17th. Six research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $7.95.
In related news, CEO Kenneth Martindale sold 64,555 shares of GNC Holdings stock in a transaction that occurred 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 directly owns 455,001 shares in the company, valued at approximately $4,222,409.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.85% of the stock is owned by company insiders.
GNC Holdings Company Profile
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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