GNC (GNC) Trading Up 7.7%

Shares of GNC Holdings Inc (NYSE:GNC) were up 7.7% during mid-day trading on Friday . The stock traded as high as $2.99 and last traded at $2.95. Approximately 1,971,298 shares were traded during mid-day trading, an increase of 72% from the average daily volume of 1,148,162 shares. The stock had previously closed at $2.74.

GNC has been the subject of a number of research analyst reports. Buckingham Research initiated coverage on GNC in a report on Monday, October 29th. They set a “buy” rating and a $6.00 price target for the company. Zacks Investment Research upgraded GNC from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a report on Monday, October 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. GNC currently has a consensus rating of “Hold” and a consensus target price of $4.50.

The firm has a market cap of $224.81 million, a P/E ratio of 2.19 and a beta of 0.61.

GNC (NYSE:GNC) last announced its earnings results on Friday, November 9th. The specialty retailer reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). GNC had a negative net margin of 8.42% and a negative return on equity of 33.50%. The firm had revenue of $580.00 million for the quarter, compared to analysts’ expectations of $580.45 million. During the same quarter last year, the business earned $0.32 earnings per share. The business’s revenue was down 5.4% compared to the same quarter last year. As a group, research analysts anticipate that GNC Holdings Inc will post 0.47 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Miller Value Partners LLC raised its position in GNC by 31.5% in the 2nd quarter. Miller Value Partners LLC now owns 92,285 shares of the specialty retailer’s stock valued at $325,000 after purchasing an additional 22,125 shares in the last quarter. Teachers Advisors LLC raised its position in GNC by 10.6% in the 3rd quarter. Teachers Advisors LLC now owns 240,275 shares of the specialty retailer’s stock valued at $995,000 after purchasing an additional 23,114 shares in the last quarter. Bank of New York Mellon Corp raised its position in GNC by 7.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 345,561 shares of the specialty retailer’s stock valued at $1,217,000 after purchasing an additional 24,656 shares in the last quarter. MetLife Investment Advisors LLC raised its position in GNC by 78.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 60,005 shares of the specialty retailer’s stock valued at $248,000 after purchasing an additional 26,466 shares in the last quarter. Finally, Swiss National Bank raised its position in GNC by 30.3% in the 2nd quarter. Swiss National Bank now owns 145,700 shares of the specialty retailer’s stock valued at $513,000 after purchasing an additional 33,900 shares in the last quarter. Institutional investors own 48.30% of the company’s stock.

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GNC Company Profile (NYSE:GNC)

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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