GNC Holdings Inc. (GNC) Trading 2.4% Higher
GNC Holdings Inc. (NYSE:GNC)’s share price traded up 2.4% during mid-day trading on Wednesday . The stock traded as high as $28.11 and last traded at $26.96, with a volume of 1,826,610 shares traded. The stock had previously closed at $26.34.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded GNC Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 30th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $38.00 price objective on shares of GNC Holdings in a report on Saturday, June 25th. Morgan Stanley reiterated an “equal weight” rating and issued a $26.00 price objective (down previously from $28.00) on shares of GNC Holdings in a report on Wednesday, June 22nd. Sterne Agee CRT reiterated a “neutral” rating on shares of GNC Holdings in a report on Monday, May 16th. Finally, Robert W. Baird reiterated a “hold” rating on shares of GNC Holdings in a report on Monday, May 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $33.83.
The firm’s 50-day moving average price is $25.47 and its 200-day moving average price is $28.04. The company has a market capitalization of $1.82 billion and a P/E ratio of 10.39.
GNC Holdings (NYSE:GNC) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.76 by $0.07. The business earned $668.90 million during the quarter, compared to the consensus estimate of $667.06 million. During the same quarter in the prior year, the company earned $0.72 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities research analysts forecast that GNC Holdings Inc. will post $2.86 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Wednesday, June 8th.
Other large investors have bought and sold shares of the company. California State Teachers Retirement System boosted its stake in GNC Holdings by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 160,521 shares of the company’s stock worth $4,979,000 after buying an additional 2,557 shares during the period. Eii Capital Management Inc. acquired a new stake in GNC Holdings during the fourth quarter worth approximately $2,041,000. New York State Common Retirement Fund boosted its stake in GNC Holdings by 34.5% in the fourth quarter. New York State Common Retirement Fund now owns 283,501 shares of the company’s stock worth $8,794,000 after buying an additional 72,699 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its stake in GNC Holdings by 92.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 169,516 shares of the company’s stock worth $5,259,000 after buying an additional 81,453 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in GNC Holdings by 8.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 761,813 shares of the company’s stock worth $23,632,000 after buying an additional 58,575 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.