GNC Holdings Inc. (GNC) Trading 4.9% Higher
GNC Holdings Inc. (NYSE:GNC)’s share price traded up 4.9% during trading on Tuesday . The company traded as high as $20.92 and last traded at $20.68, with a volume of 2,118,380 shares trading hands. The stock had previously closed at $19.72.
A number of equities analysts have recently commented on the stock. Vetr downgraded shares of GNC Holdings from a “buy” rating to a “hold” rating and set a $20.50 target price on the stock. in a research note on Monday. Wedbush downgraded shares of GNC Holdings from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $31.00 to $23.00 in a research note on Monday, August 1st. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $25.00 price target on shares of GNC Holdings in a research note on Friday, July 29th. Jefferies Group dropped their price target on shares of GNC Holdings from $27.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday, July 29th. Finally, Deutsche Bank AG dropped their price target on shares of GNC Holdings from $26.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, July 29th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. GNC Holdings currently has an average rating of “Hold” and a consensus price target of $28.65.
The company’s 50-day moving average is $23.35 and its 200-day moving average is $26.93. The firm has a market capitalization of $1.34 billion and a price-to-earnings ratio of 7.35.
GNC Holdings (NYSE:GNC) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The firm earned $689.60 million during the quarter, compared to analyst estimates of $670.65 million. GNC Holdings’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, equities research analysts anticipate that GNC Holdings Inc. will post $2.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders 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 dividend yield of 4.08%. The ex-dividend date of this dividend is Wednesday, September 14th.
An institutional investor recently raised its position in GNC Holdings stock. Trexquant Investment LP boosted its position in GNC Holdings Inc. (NYSE:GNC) by 19.2% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 40,766 shares of the company’s stock after buying an additional 6,566 shares during the period. Trexquant Investment LP’s holdings in GNC Holdings were worth $1,265,000 at the end of the most recent reporting 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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