GNC (NYSE:GNC) announced its earnings results on Friday. The specialty retailer reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02), Briefing.com reports. GNC had a negative return on equity of 57.85% and a negative net margin of 7.06%. The business had revenue of $580.00 million for the quarter, compared to analysts’ expectations of $580.45 million. During the same quarter last year, the firm earned $0.32 earnings per share. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year.

GNC stock traded down $0.07 during trading hours on Friday, hitting $4.22. 2,635,244 shares of the stock traded hands, compared to its average volume of 2,168,274. The company has a market cap of $365.76 million, a PE ratio of 3.13 and a beta of 0.54. GNC has a 1 year low of $2.71 and a 1 year high of $6.93.

Several research analysts recently weighed in on GNC shares. Zacks Investment Research upgraded GNC from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research note on Monday, October 15th. Buckingham Research started coverage on GNC in a research note on Monday, October 29th. They set a “buy” rating and a $6.00 target price on the stock. Finally, Barclays restated a “sell” rating and set a $3.00 target price on shares of GNC in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $4.50.

A number of institutional investors have recently bought and sold shares of the business. FMR LLC grew its stake in GNC by 7.7% during the 2nd quarter. FMR LLC now owns 7,806,946 shares of the specialty retailer’s stock valued at $27,480,000 after purchasing an additional 560,447 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in GNC by 39.8% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,619,594 shares of the specialty retailer’s stock valued at $9,221,000 after purchasing an additional 745,471 shares during the last quarter. Millennium Management LLC grew its stake in GNC by 47.9% during the 1st quarter. Millennium Management LLC now owns 2,167,408 shares of the specialty retailer’s stock valued at $8,366,000 after purchasing an additional 702,150 shares during the last quarter. Northern Trust Corp boosted 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 buying an additional 149,883 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted 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 buying an additional 186,073 shares during the last quarter. Institutional investors and hedge funds own 47.33% of the company’s stock.

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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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Earnings History for GNC (NYSE:GNC)

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