GNC Holdings Inc. (GNC) Hits New 12-Month Low at $18.92
Shares of GNC Holdings Inc. (NYSE:GNC) reached a new 52-week low during trading on Wednesday . The company traded as low as $18.92 and last traded at $19.38, with a volume of 1,321,119 shares. The stock had previously closed at $19.54.
A number of analysts have recently commented on the company. Deutsche Bank AG reiterated a “hold” rating and set a $26.00 target price (down previously from $30.00) on shares of GNC Holdings in a research report on Sunday, May 1st. Wedbush restated a “buy” rating on shares of GNC Holdings in a research report on Saturday, April 30th. Morgan Stanley cut GNC Holdings from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $34.00 to $28.00 in a research report on Thursday, May 5th. Zacks Investment Research cut GNC Holdings from a “hold” rating to a “strong sell” rating in a research report on Monday, May 2nd. Finally, Robert W. Baird restated a “hold” rating on shares of GNC Holdings in a research report on Monday, May 16th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.33.
The company has a 50 day moving average of $25.05 and a 200 day moving average of $27.50. The stock has a market cap of $1.33 billion and a price-to-earnings ratio of 7.31.
GNC Holdings (NYSE:GNC) last released its earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. During the same quarter in the previous year, the company earned $0.79 EPS. The company earned $689.60 million during the quarter, compared to analysts’ expectations of $670.65 million. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, equities research analysts expect that GNC Holdings Inc. will post $2.75 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 4.10%.
A number of large investors recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in 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. 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. 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. 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. Finally, Eii Capital Management Inc. bought a new stake in GNC Holdings during the fourth quarter worth about $2,041,000.
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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