GNC Holdings Inc. (GNC) Trading Down 2.7%
Shares of GNC Holdings Inc. (NYSE:GNC) fell 2.7% during mid-day trading on Wednesday . The company traded as low as $19.75 and last traded at $19.88, with a volume of 975,151 shares. The stock had previously closed at $20.43.
A number of research firms have issued reports on GNC. Wedbush reaffirmed a “buy” rating on shares of GNC Holdings in a research note on Saturday, April 30th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $26.00 price objective (down previously from $30.00) on shares of GNC Holdings in a research note on Sunday, May 1st. Morgan Stanley downgraded GNC Holdings from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $34.00 to $28.00 in a research note on Thursday, May 5th. Zacks Investment Research downgraded GNC Holdings from a “hold” rating to a “strong sell” rating in a research note on Monday, May 2nd. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of GNC Holdings in a research note on Monday, May 16th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $28.65.
The firm has a 50 day moving average of $23.23 and a 200 day moving average of $26.88. The stock has a market capitalization of $1.38 billion and a price-to-earnings ratio of 7.55.
GNC Holdings (NYSE:GNC) last released its earnings results on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. The firm earned $689.60 million during the quarter, compared to analysts’ expectations of $670.65 million. The business’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 EPS. On average, equities analysts predict that GNC Holdings Inc. will post $2.75 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.80 annualized dividend and a dividend yield of 4.03%.
An institutional investor recently raised its position in GNC Holdings stock. Trexquant Investment LP increased its stake in shares of GNC Holdings Inc. (NYSE:GNC) by 19.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund 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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