GNC Holdings Inc. (GNC) Sets New 12-Month Low at $21.18
GNC Holdings Inc. (NYSE:GNC) shares reached a new 52-week low on Thursday . The stock traded as low as $21.18 and last traded at $21.18, with a volume of 7,076,163 shares traded. The stock had previously closed at $27.23.
Several research analysts recently weighed in on GNC shares. Piper Jaffray Cos. cut shares of GNC Holdings from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $38.00 to $20.00 in a research report on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 target price (down previously from $28.00) on shares of GNC Holdings in a research note on Wednesday, June 22nd. Goldman Sachs Group Inc. upped their target price on GNC Holdings from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, April 6th. Wedbush assumed coverage on GNC Holdings in a research note on Wednesday, April 20th. They issued an “outperform” rating and a $40.00 target price for the company. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $26.00 target price (down previously from $30.00) on shares of GNC Holdings in a research note on Sunday, May 1st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. GNC Holdings presently has an average rating of “Hold” and an average price target of $30.00.
The firm has a market capitalization of $1.39 billion and a P/E ratio of 7.65. The company has a 50 day moving average price of $25.38 and a 200 day moving average price of $27.63.
GNC Holdings (NYSE:GNC) last issued its earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. The business had revenue of $689.60 million for the quarter, compared to the consensus estimate of $670.65 million. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS. On average, equities research analysts expect that GNC Holdings Inc. will post $2.81 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Wednesday, September 14th.
A number of hedge funds have recently added to or reduced their stakes in GNC. BNP Paribas Arbitrage SA increased its stake in 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. Trexquant Investment LP increased its stake in GNC Holdings by 19.2% in the fourth quarter. Trexquant Investment LP now owns 40,766 shares of the company’s stock worth $1,265,000 after buying an additional 6,566 shares during the last quarter. Eii Capital Management Inc. purchased a new stake in GNC Holdings during the fourth quarter worth about $2,041,000. Schroder Investment Management Group increased its stake in GNC Holdings by 1,763.1% in the fourth quarter. Schroder Investment Management Group now owns 607,373 shares of the company’s stock worth $18,840,000 after buying an additional 574,773 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in GNC Holdings by 6.7% in the fourth quarter. Wells Fargo & Company MN now owns 284,145 shares of the company’s stock worth $8,814,000 after buying an additional 17,908 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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