GNC (GNC) Receiving Somewhat Positive News Coverage, Accern Reports
Headlines about GNC (NYSE:GNC) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. GNC earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 45.0475550137651 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- GNC (GNC) Lifted to “Strong-Buy” at ValuEngine (americanbankingnews.com)
- $0.21 Earnings Per Share Expected for GNC Holdings, Inc. (GNC) This Quarter (americanbankingnews.com)
- Notable Thursday Option Activity: RRGB, GNC, DDS (marketnewsvideo.com)
- GNC Holdings Grapples With Margin Weakness, Stiff Competition (zacks.com)
- GNC Holdings (GNC) Down 16.8% Since Earnings Report: Can It Rebound? – Nasdaq (nasdaq.com)
A number of equities analysts have weighed in on GNC shares. Zacks Investment Research downgraded GNC from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. ValuEngine raised GNC from a “buy” rating to a “strong-buy” rating in a research report on Friday. Robert W. Baird reissued a “hold” rating and set a $10.00 price target on shares of GNC in a research report on Sunday, September 17th. Bank of America lowered their price target on GNC from $6.25 to $5.50 and set an “underperform” rating on the stock in a research report on Tuesday, August 22nd. Finally, Barclays lowered their price target 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 equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $7.95.
Shares of GNC (NYSE GNC) traded down $0.19 during midday trading on Friday, reaching $5.39. The company’s stock had a trading volume of 3,093,311 shares, compared to its average volume of 3,127,889. The firm has a market capitalization of $371.93, a P/E ratio of 4.61 and a beta of 0.79. 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 has a 1 year low of $5.18 and a 1 year high of $14.64.
GNC (NYSE:GNC) last posted its earnings results on Thursday, October 26th. The specialty retailer reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). GNC had a negative net margin of 15.11% and a negative return on equity of 133.37%. The firm had revenue of $609.47 million during the quarter, compared to analyst estimates of $614.08 million. During the same period in the previous year, the company posted $0.59 EPS. GNC’s revenue for the quarter was down 2.9% compared to the same quarter last year. equities analysts forecast that GNC will post 1.28 EPS for the current fiscal year.
In other news, CEO Kenneth Martindale sold 64,555 shares of the company’s 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 transaction, the chief executive officer now owns 455,001 shares of the company’s stock, valued at $4,222,409.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tim Mantel bought 20,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $5.80 per share, for a total transaction of $116,000.00. The disclosure for this purchase can be found here. 1.85% of the stock is currently owned by corporate insiders.
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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