Johanson Financial Advisors adds Rite Aid Corporation (RAD) to its portfolio

Rite Aid Corporation (RAD) : Johanson Financial Advisors added new position in Rite Aid Corporation during the most recent quarter end. The investment management firm now holds 12,500 shares of Rite Aid Corporation which is valued at $88,250 , the company said in a statement filed on Oct 14, 2016 with the SEC.Rite Aid Corporation makes up approximately 0.10% of Johanson Financial Advisors’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in RAD in the latest quarter, The investment management firm added 5,406 additional shares and now holds a total of 24,609 shares of Rite Aid Corporation which is valued at $182,353. Rite Aid Corporation makes up approx 0.03% of Advisory Services Network’s portfolio.North Star Asset Management Inc reduced its stake in RAD by selling 50 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 10,004 shares of RAD which is valued at $75,830. Rite Aid Corporation makes up approx 0.01% of North Star Asset Management Inc’s portfolio.

Rite Aid Corporation closed down -0.14 points or -1.94% at $7.06 with 4,90,50,408 shares getting traded on Friday. Post opening the session at $7.04, the shares hit an intraday low of $6.8 and an intraday high of $7.13 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Rite Aid Corporation reported $0.03 EPS for the quarter, based on the information available during the earnings call on Sep 22, 2016. Analyst had a consensus estimate of $0.03. The company had revenue of $8029.80 million for the quarter, compared to analysts expectations of $8165.07 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Rite Aid Corporation is a retail drugstore chain. The Company sells prescription drugs and a range of other merchandise which are referred to as front-end products. The Company’s drugstores’ primary business is pharmacy services. It operates approximately 4570 stores in 31 states across the country and in the District of Columbia. Its front-end products include over-the-counter medications health and beauty aids personal care items cosmetics household items food and beverages greeting cards seasonal merchandise and various other every day and convenience products. The Company offers a range of products through its portfolio of private brands. Its classes of products include prescription drugs over-the-counter medications and personal care health and beauty aids and general merchandise and other. It sells private brand and co-branded products. It operates under The Rite Aid name.

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