GNC Holdings Inc. (GNC) Hits New 1-Year Low at $21.18
Shares of GNC Holdings Inc. (NYSE:GNC) reached a new 52-week low on Thursday . The company traded as low as $21.18 and last traded at $21.18, with a volume of 7,076,163 shares. The stock had previously closed at $27.23.
GNC has been the topic of a number of analyst reports. Goldman Sachs Group Inc. increased their price objective on shares of GNC Holdings from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, April 6th. Jefferies Group increased their price objective on shares of GNC Holdings from $32.00 to $35.00 in a report on Tuesday, April 12th. Zacks Investment Research raised shares of GNC Holdings from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Wednesday, April 13th. Wedbush initiated coverage on shares of GNC Holdings in a report on Wednesday, April 20th. They issued an “outperform” rating and a $40.00 price objective on the stock. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $26.00 price objective (down previously from $30.00) on shares of GNC Holdings in a report on Sunday, May 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $32.33.
The firm’s 50-day moving average is $25.72 and its 200-day moving average is $27.76. The firm has a market capitalization of $1.39 billion and a P/E ratio of 7.92.
GNC Holdings (NYSE:GNC) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. The company had revenue of $689.60 million for the quarter, compared to the consensus estimate of $670.65 million. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 earnings per share. Equities research analysts expect that GNC Holdings Inc. will post $2.86 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.94%.
Other hedge funds and institutional investors recently modified their holdings of the company. Eii Capital Management Inc. bought a new position in shares of GNC Holdings during the fourth quarter worth about $2,041,000. New York State Common Retirement Fund boosted its position in shares of GNC Holdings by 34.5% in the fourth quarter. New York State Common Retirement Fund now owns 283,501 shares of the company’s stock worth $8,794,000 after buying an additional 72,699 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in shares of GNC Holdings by 92.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 169,516 shares of the company’s stock worth $5,259,000 after buying an additional 81,453 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of GNC Holdings by 21.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 90,140 shares of the company’s stock worth $2,796,000 after buying an additional 15,941 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of GNC Holdings by 3.4% in the fourth quarter. Rhumbline Advisers now owns 83,601 shares of the company’s stock worth $2,593,000 after buying an additional 2,710 shares during the last quarter.
GNC Holdings, Inc is a specialty retailer of health, wellness and performance products, including vitamins, minerals and herbal supplement products (VMHS), sports nutrition products and diet products. The Company operates in three segments: Retail, Franchising and Manufacturing/Wholesale. The Retail segment includes sales of products to customers at its company-owned stores in the United States, Canada, Puerto Rico and Ireland and through its Websites, GNC.com and LuckyVitamin.com.
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