GNC Holdings Inc. (GNC) Downgraded to Sell at Vetr Inc.
Vetr lowered shares of GNC Holdings Inc. (NYSE:GNC) from a hold rating to a sell rating in a research report sent to investors on Monday. The brokerage currently has $19.75 target price on the stock.
Other equities analysts have also issued research reports about the stock. Barclays PLC initiated coverage on shares of GNC Holdings in a report on Friday, September 23rd. They set an equal weight rating and a $21.00 target price on the stock. Zacks Investment Research upgraded shares of GNC Holdings from a sell rating to a hold rating in a report on Wednesday, September 28th. Piper Jaffray Cos. restated an overweight rating and set a $38.00 target price on shares of GNC Holdings in a report on Saturday, June 25th. Morgan Stanley restated an equal weight rating and set a $26.00 target price (down previously from $28.00) on shares of GNC Holdings in a report on Wednesday, June 22nd. Finally, Wedbush lowered shares of GNC Holdings from an outperform rating to a neutral rating and reduced their target price for the company from $31.00 to $23.00 in a report on Monday, August 1st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. GNC Holdings presently has a consensus rating of Hold and an average target price of $27.37.
GNC Holdings (NYSE:GNC) opened at 20.88 on Monday. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 7.82 and a beta of 0.91. GNC Holdings has a 12-month low of $18.92 and a 12-month high of $43.09. The company has a 50-day moving average price of $20.39 and a 200 day moving average price of $25.13.
GNC Holdings (NYSE:GNC) last released its earnings results on Thursday, July 28th. The company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ 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. GNC Holdings had a net margin of 7.73% and a return on equity of 50.48%. GNC Holdings’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 EPS. On average, equities research analysts predict that GNC Holdings will post $2.75 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Wednesday, September 14th. GNC Holdings’s payout ratio is currently 29.52%.
Large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in GNC Holdings by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,121 shares of the company’s stock valued at $173,000 after buying an additional 1,065 shares during the last quarter. Menta Capital LLC acquired a new stake in shares of GNC Holdings during the first quarter worth $240,000. Nisa Investment Advisors L.L.C. acquired a new stake in shares of GNC Holdings during the first quarter worth $251,000. Kempen Capital Management N.V. increased its stake in shares of GNC Holdings by 171.2% in the first quarter. Kempen Capital Management N.V. now owns 8,018 shares of the company’s stock worth $255,000 after buying an additional 5,061 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of GNC Holdings during the second quarter worth $213,000. 95.92% of the stock is owned by institutional investors.
About GNC Holdings
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.
To view Vetr’s full report, visit Vetr’s official website.
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