GNC Holdings Inc. (GNC) Shares Up 2.4%
GNC Holdings Inc. (NYSE:GNC)’s share price shot up 2.4% on Wednesday . The stock traded as high as $28.11 and last traded at $26.96, with a volume of 1,826,610 shares. The stock had previously closed at $26.34.
Several research firms recently weighed in on GNC. Zacks Investment Research cut GNC Holdings from a “hold” rating to a “strong sell” rating in a research report on Monday, May 2nd. Wedbush restated a “buy” rating on shares of GNC Holdings in a research note on Saturday, April 30th. Morgan Stanley lowered GNC Holdings from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $34.00 to $28.00 in a research note on Thursday, May 5th. Sterne Agee CRT restated a “neutral” rating on shares of GNC Holdings in a research note on Monday, May 16th. Finally, Robert W. Baird restated a “hold” rating on shares of GNC Holdings in a research note on Monday, May 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.83.
The company has a 50-day moving average of $25.39 and a 200 day moving average of $28.07. The firm has a market cap of $1.82 billion and a price-to-earnings ratio of 10.41.
GNC Holdings (NYSE:GNC) last issued its earnings results on Thursday, April 28th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.07. During the same period in the prior year, the business earned $0.72 EPS. The company had revenue of $668.90 million for the quarter, compared to analyst estimates of $667.06 million. The business’s revenue was down 1.8% compared to the same quarter last year. On average, analysts anticipate that GNC Holdings Inc. will post $2.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.80 annualized dividend and a yield of 3.00%.
Other large investors have recently modified their holdings of the company. California State Teachers Retirement System increased its stake in shares of GNC Holdings by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 160,521 shares of the company’s stock valued at $4,979,000 after buying an additional 2,557 shares during the period. Rhumbline Advisers increased its stake in shares of GNC Holdings by 3.4% in the fourth quarter. Rhumbline Advisers now owns 83,601 shares of the company’s stock valued at $2,593,000 after buying an additional 2,710 shares during the period. Trexquant Investment LP increased its stake in shares of GNC Holdings by 19.2% in the fourth quarter. Trexquant Investment LP now owns 40,766 shares of the company’s stock valued at $1,265,000 after buying an additional 6,566 shares during the period. Capital Investment Counsel Inc increased its stake in shares of GNC Holdings by 55.2% in the fourth quarter. Capital Investment Counsel Inc now owns 32,275 shares of the company’s stock valued at $1,001,000 after buying an additional 11,475 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of GNC Holdings by 21.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 90,140 shares of the company’s stock valued at $2,796,000 after buying an additional 15,941 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.