GNC (GNC) Sets New 12-Month Low at $2.52

Shares of GNC Holdings Inc (NYSE:GNC) reached a new 52-week low on Thursday . The company traded as low as $2.52 and last traded at $2.65, with a volume of 43671 shares traded. The stock had previously closed at $2.77.

A number of analysts have recently weighed in on the company. Buckingham Research assumed coverage on GNC in a research report on Monday, October 29th. They set a “buy” rating and a $6.00 price objective on the stock. Zacks Investment Research raised GNC from a “hold” rating to a “buy” rating and set a $4.50 price objective 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 three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $4.50.

The company has a market capitalization of $224.81 million, a P/E ratio of 3.77 and a beta of 0.47.

GNC (NYSE:GNC) last issued 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). The firm had revenue of $580.00 million for the quarter, compared to analyst estimates of $580.45 million. GNC had a negative return on equity of 33.50% and a negative net margin of 8.42%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS. As a group, equities research analysts anticipate that GNC Holdings Inc will post 0.47 earnings per share for the current year.

Several hedge funds have recently modified their holdings of GNC. MetLife Investment Advisors LLC grew its stake in shares of GNC by 78.9% during the third quarter. MetLife Investment Advisors LLC now owns 60,005 shares of the specialty retailer’s stock worth $248,000 after purchasing an additional 26,466 shares in the last quarter. Miller Value Partners LLC grew its stake in shares of GNC by 31.5% during the second quarter. Miller Value Partners LLC now owns 92,285 shares of the specialty retailer’s stock worth $325,000 after purchasing an additional 22,125 shares in the last quarter. Spark Investment Management LLC acquired a new position in shares of GNC during the second quarter worth $381,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of GNC during the third quarter worth $421,000. Finally, Swiss National Bank grew its stake in shares of GNC by 30.3% during the second quarter. Swiss National Bank now owns 145,700 shares of the specialty retailer’s stock worth $513,000 after purchasing an additional 33,900 shares in the last quarter. Hedge funds and other institutional investors own 48.30% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.chaffeybreeze.com/2018/12/08/gnc-gnc-sets-new-12-month-low-at-2-52.html.

About GNC (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.

Featured Article: What is a Futures Contract?

Receive News & Ratings for GNC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GNC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply