GNC Holdings Inc (NYSE:GNC) shares gapped up before the market opened on Thursday . The stock had previously closed at $3.48, but opened at $3.59. GNC shares last traded at $3.69, with a volume of 2867800 shares.
Several research firms have recently weighed in on GNC. Zacks Investment Research upgraded shares of GNC from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. JPMorgan Chase lowered their price objective on shares of GNC from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Finally, ValuEngine lowered shares of GNC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 21st. Four research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.77.
The company has a market capitalization of $308.71, a price-to-earnings ratio of 2.64 and a beta of 0.88. The company has a current ratio of 2.83, a quick ratio of 0.89 and a debt-to-equity ratio of -8.01.
GNC (NYSE:GNC) last released its quarterly earnings data on Tuesday, February 13th. The specialty retailer reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. GNC had a negative net margin of 6.07% and a negative return on equity of 120.93%. The company had revenue of $557.74 million for the quarter, compared to analyst estimates of $568.80 million. During the same period in the previous year, the business earned $0.07 EPS. GNC’s revenue for the quarter was down 2.1% compared to the same quarter last year. equities research analysts forecast that GNC Holdings Inc will post 0.94 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in GNC. Koch Industries Inc. acquired a new position in GNC in the 4th quarter valued at about $104,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in GNC in the 4th quarter valued at about $126,000. Macquarie Group Ltd. acquired a new position in GNC in the 4th quarter valued at about $126,000. Trilogy Capital Inc. acquired a new position in GNC in the 4th quarter valued at about $150,000. Finally, American International Group Inc. acquired a new position in GNC in the 4th quarter valued at about $169,000. Institutional investors and hedge funds own 59.69% of the company’s stock.
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GNC Company Profile
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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