ValuEngine Lowers GNC (GNC) to Strong Sell

ValuEngine cut shares of GNC (NYSE:GNC) from a sell rating to a strong sell rating in a report issued on Friday morning, ValuEngine reports.

GNC has been the subject of several other research reports. Gabelli reissued a hold rating on shares of GNC in a research note on Tuesday, March 5th. Zacks Investment Research raised GNC from a sell rating to a hold rating in a research note on Wednesday, January 23rd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. GNC has a consensus rating of Hold and an average price target of $4.13.

Shares of GNC stock opened at $1.63 on Friday. The stock has a market capitalization of $136.03 million, a PE ratio of 4.79 and a beta of 0.84. GNC has a 1-year low of $1.59 and a 1-year high of $4.65.

GNC (NYSE:GNC) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). The company had revenue of $564.76 million during the quarter, compared to analyst estimates of $552.30 million. GNC had a net margin of 2.09% and a negative return on equity of 17.50%. The company’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. Sell-side analysts expect that GNC will post 0.49 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in GNC by 0.4% during the first quarter. FMR LLC now owns 7,912,006 shares of the specialty retailer’s stock worth $21,600,000 after purchasing an additional 35,000 shares during the period. Oxford Asset Management LLP acquired a new stake in GNC during the first quarter worth approximately $375,000. Geode Capital Management LLC grew its stake in GNC by 7.1% during the first quarter. Geode Capital Management LLC now owns 920,719 shares of the specialty retailer’s stock worth $2,513,000 after purchasing an additional 61,059 shares during the period. Charles Schwab Investment Management Inc. grew its stake in GNC by 348.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,396,953 shares of the specialty retailer’s stock worth $14,734,000 after purchasing an additional 4,193,020 shares during the period. Finally, Renaissance Technologies LLC grew its stake in GNC by 191.5% during the first quarter. Renaissance Technologies LLC now owns 653,999 shares of the specialty retailer’s stock worth $1,785,000 after purchasing an additional 429,666 shares during the period. 46.77% of the stock is owned by institutional investors and hedge funds.

About GNC

GNC Holdings, Inc, together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. The company operates through three segments: U.S. and Canada, International, and Manufacturing/Wholesale. Its products include proteins, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty products, food and drink products, and other general merchandise.

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