GNC Holdings Inc. (GNC) Sets New 1-Year Low at $18.92
Shares of GNC Holdings Inc. (NYSE:GNC) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $18.92 and last traded at $19.38, with a volume of 1,321,119 shares. The stock had previously closed at $19.54.
Several analysts have recently issued reports on the company. Zacks Investment Research cut GNC Holdings from a “hold” rating to a “strong sell” rating in a report on Monday, May 2nd. Wedbush restated a “buy” rating on shares of GNC Holdings in a report on Saturday, April 30th. Morgan Stanley lowered GNC Holdings from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $34.00 to $28.00 in a report on Thursday, May 5th. Sterne Agee CRT restated a “neutral” rating on shares of GNC Holdings in a report on Monday, May 16th. Finally, Jefferies Group decreased their price target on GNC Holdings from $27.00 to $20.00 and set a “hold” rating on the stock in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.33.
The stock has a 50-day moving average price of $24.71 and a 200-day moving average price of $27.39. The stock has a market cap of $1.32 billion and a price-to-earnings ratio of 7.24.
GNC Holdings (NYSE:GNC) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The firm earned $689.60 million during the quarter, compared to analyst estimates of $670.65 million. The business’s revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. On average, analysts forecast that GNC Holdings Inc. will post $2.75 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Wednesday, September 14th.
Other hedge funds have recently modified their holdings of the company. Rhumbline Advisers raised 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 worth $2,593,000 after buying an additional 2,710 shares in the last quarter. Trexquant Investment LP raised its position in GNC Holdings by 19.2% in the fourth quarter. Trexquant Investment LP now owns 40,766 shares of the company’s stock worth $1,265,000 after buying an additional 6,566 shares during the period. BNP Paribas Arbitrage SA raised its position in GNC Holdings by 21.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 90,140 shares of the company’s stock worth $2,796,000 after buying an additional 15,941 shares during the period. Wells Fargo & Company MN raised its position in GNC Holdings by 6.7% in the fourth quarter. Wells Fargo & Company MN now owns 284,145 shares of the company’s stock worth $8,814,000 after buying an additional 17,908 shares during the period. Finally, Eii Capital Management Inc. bought a new position in GNC Holdings during the fourth quarter worth $2,041,000.
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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