GNC Holdings Inc. (GNC) Shares Down 3.2%
GNC Holdings Inc. (NYSE:GNC) dropped 3.2% during trading on Tuesday . The company traded as low as $19.33 and last traded at $19.41, with a volume of 930,213 shares. The stock had previously closed at $20.05.
GNC has been the subject of a number of research reports. Jefferies Group lifted their target price on GNC Holdings from $32.00 to $35.00 in a report on Tuesday, April 12th. Zacks Investment Research raised GNC Holdings from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, April 13th. Wedbush initiated coverage on GNC Holdings in a report on Wednesday, April 20th. They set an “outperform” rating and a $40.00 target price for the company. Goldman Sachs Group Inc. downgraded GNC Holdings from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $40.00 to $30.00 in a report on Friday, April 29th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $26.00 target price (down previously from $30.00) on shares of GNC Holdings in a report on Sunday, May 1st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $29.33.
The company’s 50 day moving average price is $24.22 and its 200-day moving average price is $27.27. The firm has a market capitalization of $1.33 billion and a price-to-earnings ratio of 7.30.
GNC Holdings (NYSE:GNC) last released its quarterly 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. The firm had revenue of $689.60 million for the quarter, compared to analysts’ expectations of $670.65 million. During the same quarter in the prior year, the business earned $0.79 EPS. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, equities analysts anticipate that GNC Holdings Inc. will post $2.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be paid 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 yield of 4.11%.
A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position 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 in the last quarter. New York State Common Retirement Fund increased its position in 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 in the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in 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 in the last quarter. Wells Fargo & Company MN increased its position 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 in the last quarter. Finally, Schroder Investment Management Group increased its position 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 in 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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