GNC Holdings Inc. (GNC) Trading Down 2.2%
GNC Holdings Inc. (NYSE:GNC)’s share price was down 2.2% on Friday . The stock traded as low as $19.50 and last traded at $19.53, with a volume of 592,650 shares changing hands. The stock had previously closed at $19.97.
Several equities analysts have recently weighed in on GNC shares. Piper Jaffray Cos. lowered shares of GNC Holdings from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $38.00 to $20.00 in a research report on Thursday, July 28th. Vetr lowered shares of GNC Holdings from a “buy” rating to a “hold” rating and set a $20.50 price objective for the company. in a research report on Monday, August 15th. Morgan Stanley restated an “equal weight” rating and set a $26.00 price objective (down previously from $28.00) on shares of GNC Holdings in a research report on Wednesday, June 22nd. Wedbush lowered shares of GNC Holdings from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $31.00 to $23.00 in a research report on Monday, August 1st. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $25.00 price objective on shares of GNC Holdings in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $28.65.
The firm’s 50-day moving average is $22.52 and its 200 day moving average is $26.57. The firm has a market cap of $1.34 billion and a PE ratio of 7.36.
GNC Holdings (NYSE:GNC) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The firm had revenue of $689.60 million for the quarter, compared to the consensus estimate of $670.65 million. During the same period in the prior year, the firm posted $0.79 earnings per share. The business’s revenue for the quarter 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 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.80 annualized dividend and a yield of 4.07%.
An institutional investor recently raised its position in GNC Holdings stock. Schroder Investment Management Group increased its position in shares of GNC Holdings Inc. (NYSE:GNC) by 1,763.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 607,373 shares of the company’s stock after buying an additional 574,773 shares during the period. Schroder Investment Management Group owned approximately 0.73% of GNC Holdings worth $18,840,000 at the end of the most recent 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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