Wall Street brokerages expect GNC Holdings, Inc. (NYSE:GNC) to post $549.45 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for GNC Holdings’ earnings, with the lowest sales estimate coming in at $544.86 million and the highest estimate coming in at $554.04 million. GNC Holdings reported sales of $569.93 million in the same quarter last year, which indicates a negative year-over-year growth rate of 3.6%. The business is scheduled to issue its next earnings report on Thursday, February 15th.
According to Zacks, analysts expect that GNC Holdings will report full year sales of $549.45 million for the current year, with estimates ranging from $2.44 billion to $2.47 billion. For the next year, analysts forecast that the company will report sales of $2.42 billion per share, with estimates ranging from $2.31 billion to $2.50 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for GNC Holdings.
GNC Holdings (NYSE:GNC) last released its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $614.08 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year.
A number of research firms recently issued reports on GNC. ValuEngine lowered GNC Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Barclays PLC boosted their price objective on GNC Holdings from $7.00 to $9.00 and gave the company an “underweight” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded GNC Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub upgraded GNC Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Robert W. Baird restated a “hold” rating and set a $10.00 price objective on shares of GNC Holdings in a research report on Sunday, September 17th. Six investment 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 currently has an average rating of “Hold” and a consensus price target of $7.95.
GNC Holdings (NYSE GNC) opened at $5.78 on Wednesday. GNC Holdings has a 12-month low of $5.61 and a 12-month high of $15.50. The stock has a market capitalization of $414.71, a P/E ratio of 5.14 and a beta of 0.86. The company has a debt-to-equity ratio of -55.95, a quick ratio of 0.70 and a current ratio of 2.44.
In other news, EVP Tim Mantel acquired 20,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $5.80 per share, with a total value of $116,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kenneth Martindale sold 64,555 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was 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 approximately $4,222,409.28. The disclosure for this sale can be found here. Insiders own 1.85% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Allianz Asset Management GmbH raised 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 worth $545,000 after buying an additional 17,751 shares in the last quarter. Schwab Charles Investment Management Inc. raised 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 worth $4,705,000 after buying an additional 77,764 shares in the last quarter. Wells Fargo & Company MN raised 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 worth $4,630,000 after buying an additional 209,789 shares in the last quarter. Legal & General Group Plc raised 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 worth $1,339,000 after buying an additional 63,690 shares in the last quarter. Finally, K2 Principal Fund L.P. raised its stake in shares of GNC Holdings by 457.9% in the 3rd quarter. K2 Principal Fund L.P. now owns 70,128 shares of the specialty retailer’s stock worth $620,000 after buying an additional 89,720 shares in the last quarter. 63.25% of the stock is currently owned by institutional investors.
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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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