GNC (GNC) Shares Up 7.7%

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

Several research firms have commented on GNC. Buckingham Research began coverage on GNC in a research report on Monday, October 29th. They set a “buy” rating and a $6.00 price target on the stock. Zacks Investment Research raised GNC from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research report on Monday, October 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. GNC currently has an average rating of “Hold” and a consensus target price of $4.50.

The stock has a market capitalization 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 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $580.00 million during the quarter, compared to analysts’ expectations of $580.45 million. During the same quarter last year, the business posted $0.32 earnings per share. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, research analysts expect that GNC Holdings Inc will post 0.47 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC grew its stake in shares of 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 during the last quarter. Miller Value Partners LLC grew its stake in shares of 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 during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of GNC in the 3rd quarter valued at approximately $421,000. Swiss National Bank grew its stake in shares of 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 during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of GNC by 1,010.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 185,431 shares of the specialty retailer’s stock valued at $768,000 after purchasing an additional 168,733 shares during 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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