GNC Holdings Inc. (GNC) Trading 4.9% Higher
Shares of GNC Holdings Inc. (NYSE:GNC) traded up 4.9% on Tuesday . The stock traded as high as $20.92 and last traded at $20.68, with a volume of 2,118,380 shares. The stock had previously closed at $19.72.
Several analysts have weighed in on the stock. Wedbush assumed coverage on shares of GNC Holdings in a research note on Wednesday, April 20th. They issued an “outperform” rating and a $40.00 price objective for the company. Zacks Investment Research cut shares of GNC Holdings from a “buy” rating to a “hold” rating in a research report on Monday, April 18th. Piper Jaffray Cos. cut shares of GNC Holdings from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $38.00 to $20.00 in a research report on Thursday, July 28th. Morgan Stanley cut shares of GNC Holdings from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $34.00 to $28.00 in a research report on Thursday, May 5th. Finally, Goldman Sachs Group Inc. cut shares of GNC Holdings from a “buy” rating to a “neutral” rating and dropped their target price for the company from $40.00 to $30.00 in a research report on Friday, April 29th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. GNC Holdings presently has an average rating of “Hold” and an average price target of $28.65.
The firm has a market cap of $1.41 billion and a PE ratio of 7.74. The firm has a 50 day moving average price of $23.56 and a 200-day moving average price of $27.04.
GNC Holdings (NYSE:GNC) last issued its earnings results on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates 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. GNC Holdings’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 EPS. On average, equities research analysts predict that GNC Holdings Inc. will post $2.75 earnings per share for the current fiscal year.
The firm 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 dividend of $0.20 per share. 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 4.06%.
Other institutional investors have recently added to or reduced their stakes in the company. Trexquant Investment LP raised its position 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 period. New York State Common Retirement Fund raised 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 during the period. Finally, Schroder Investment Management Group raised 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 during the period.
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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