GNC (NYSE:GNC) announced its earnings results on Friday. The specialty retailer reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02), Briefing.com reports. The firm had revenue of $580.00 million during the quarter, compared to analysts’ expectations of $580.45 million. GNC had a negative net margin of 7.06% and a negative return on equity of 57.85%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS.
Shares of NYSE:GNC traded down $0.07 during trading on Friday, hitting $4.22. The company’s stock had a trading volume of 2,635,244 shares, compared to its average volume of 2,168,274. The company has a market cap of $365.76 million, a price-to-earnings ratio of 3.13 and a beta of 0.54. GNC has a fifty-two week low of $2.71 and a fifty-two week high of $6.93.
Several large investors have recently bought and sold shares of the business. FMR LLC grew its stake in shares of GNC by 7.7% in the second quarter. FMR LLC now owns 7,806,946 shares of the specialty retailer’s stock worth $27,480,000 after acquiring an additional 560,447 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of GNC by 39.8% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,619,594 shares of the specialty retailer’s stock worth $9,221,000 after acquiring an additional 745,471 shares in the last quarter. Millennium Management LLC grew its stake in shares of GNC by 47.9% in the first quarter. Millennium Management LLC now owns 2,167,408 shares of the specialty retailer’s stock worth $8,366,000 after acquiring an additional 702,150 shares in the last quarter. Northern Trust Corp grew its stake in shares of GNC by 18.5% in the second quarter. Northern Trust Corp now owns 957,967 shares of the specialty retailer’s stock worth $3,372,000 after acquiring an additional 149,883 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of GNC by 24.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 935,890 shares of the specialty retailer’s stock worth $3,295,000 after acquiring an additional 186,073 shares in the last quarter. Institutional investors and hedge funds own 47.33% of the company’s stock.
A number of brokerages have issued reports on GNC. Buckingham Research began coverage on GNC in a research report on Monday, October 29th. They issued a “buy” rating and a $6.00 target price on the stock. Zacks Investment Research raised GNC from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research report on Monday, October 15th. Finally, Barclays reissued a “sell” rating and issued a $3.00 target price on shares of GNC in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $4.50.
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GNC Company Profile
GNC Holdings, Inc, together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. It operates through three segments: U.S. and Canada, International, and Manufacturing/Wholesale. Its products include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink, and other general merchandise.
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