GNC Holdings Inc (NYSE:GNC) – Analysts at Gabelli lifted their FY2019 earnings estimates for shares of GNC in a note issued to investors on Tuesday, November 13th, Zacks Investment Research reports. Gabelli analyst D. Witkowski now anticipates that the specialty retailer will post earnings per share of $0.60 for the year, up from their previous forecast of $0.50. Gabelli also issued estimates for GNC’s FY2021 earnings at $0.95 EPS and FY2022 earnings at $1.10 EPS.

GNC (NYSE:GNC) last announced its quarterly earnings data on Friday, November 9th. The specialty retailer reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to analysts’ expectations of $580.45 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year.

GNC has been the subject of several other research reports. Buckingham Research started coverage on GNC in a research note on Monday, October 29th. They issued 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 research note on Monday, October 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. GNC has a consensus rating of “Hold” and a consensus price target of $4.50.

Shares of GNC stock traded down $0.02 during mid-day trading on Thursday, hitting $2.66. The company’s stock had a trading volume of 1,818,058 shares, compared to its average volume of 1,845,151. GNC has a 52-week low of $2.52 and a 52-week high of $5.71. The stock has a market capitalization of $224.81 million, a P/E ratio of 1.97 and a beta of 0.47.

Several hedge funds have recently bought and sold shares of GNC. Hartford Investment Management Co. bought a new stake in shares of GNC in the second quarter worth $176,000. MetLife Investment Advisors LLC grew its holdings in shares of GNC by 78.9% in the third quarter. MetLife Investment Advisors LLC now owns 60,005 shares of the specialty retailer’s stock worth $248,000 after acquiring an additional 26,466 shares during the period. Miller Value Partners LLC grew its holdings in shares of GNC by 31.5% in the second quarter. Miller Value Partners LLC now owns 92,285 shares of the specialty retailer’s stock worth $325,000 after acquiring an additional 22,125 shares during the period. Spark Investment Management LLC bought a new stake in shares of GNC in the second quarter worth $381,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of GNC in the third quarter worth $421,000. Hedge funds and other institutional investors own 48.30% of the company’s stock.

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 and Estimates for GNC (NYSE:GNC)

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