GNC Holdings, Inc. (NYSE:GNC)’s share price dropped 7.4% on Monday . The stock traded as low as $7.92 and last traded at $7.93. Approximately 3,403,419 shares traded hands during trading, an increase of 46% from the average daily volume of 2,335,310 shares. The stock had previously closed at $8.56.

GNC has been the topic of several recent research reports. ValuEngine raised shares of GNC Holdings from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of GNC Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Robert W. Baird reaffirmed a “hold” rating and set a $10.00 price objective on shares of GNC Holdings in a research report on Sunday, September 17th. BidaskClub raised shares of GNC Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Bank of America Corporation cut their price objective on shares of GNC Holdings from $6.25 to $5.50 and set an “underperform” rating on the stock in a research report on Tuesday, August 22nd. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $8.37.

The company’s 50-day moving average price is $8.79 and its 200-day moving average price is $8.23. The stock’s market cap is $542.95 million.

GNC Holdings (NYSE:GNC) last released its quarterly earnings data on Thursday, July 27th. The specialty retailer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $640.99 million during the quarter, compared to the consensus estimate of $646.48 million. GNC Holdings had a positive return on equity of 285.93% and a negative net margin of 14.56%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. On average, equities research analysts forecast that GNC Holdings, Inc. will post $1.36 EPS for the current year.

In other news, CEO Kenneth Martindale sold 64,555 shares of the stock in a transaction that occurred 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 owns 455,001 shares of the company’s stock, valued at approximately $4,222,409.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.85% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA boosted its holdings in shares of GNC Holdings by 28.3% in the 2nd quarter. Federated Investors Inc. PA now owns 803,887 shares of the specialty retailer’s stock valued at $6,777,000 after buying an additional 177,528 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of GNC Holdings in the 1st quarter valued at approximately $1,298,000. Royce & Associates LP boosted its holdings in shares of GNC Holdings by 34.5% in the 1st quarter. Royce & Associates LP now owns 179,235 shares of the specialty retailer’s stock valued at $1,319,000 after buying an additional 45,997 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of GNC Holdings by 148.2% in the 1st quarter. Wells Fargo & Company MN now owns 357,447 shares of the specialty retailer’s stock valued at $2,631,000 after buying an additional 213,438 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in shares of GNC Holdings in the 1st quarter valued at approximately $233,000. 65.54% of the stock is 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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