GNC Holdings Inc. (GNC) Shares Down 2.2%
GNC Holdings Inc. (NYSE:GNC)’s share price dropped 2.2% on Friday . The company traded as low as $19.50 and last traded at $19.53, with a volume of 592,650 shares traded. The stock had previously closed at $19.97.
GNC has been the subject of a number of recent analyst reports. Piper Jaffray Cos. lowered GNC Holdings from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $38.00 to $20.00 in a research note on Thursday, July 28th. Vetr lowered GNC Holdings from a “buy” rating to a “hold” rating and set a $20.50 price target for the company. in a research note on Monday, August 15th. Morgan Stanley reissued an “equal weight” rating and set a $26.00 price target (down from $28.00) on shares of GNC Holdings in a research note on Wednesday, June 22nd. Goldman Sachs Group Inc. lowered GNC Holdings from a “buy” rating to a “neutral” rating and dropped their price target for the company from $40.00 to $30.00 in a research note on Friday, April 29th. Finally, Wedbush lowered GNC Holdings from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $31.00 to $23.00 in a research note on Monday, August 1st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $28.65.
The firm has a market cap of $1.34 billion and a PE ratio of 7.36. The firm has a 50 day moving average of $22.66 and a 200 day moving average of $26.61.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The firm earned $689.60 million during the quarter, compared to analyst estimates of $670.65 million. The company’s quarterly revenue was down 2.4% on a year-over-year basis. Analysts anticipate that GNC Holdings Inc. will post $2.75 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Wednesday, September 14th.
An institutional investor recently raised its position in GNC Holdings stock. Trexquant Investment LP increased its stake in GNC Holdings Inc. (NYSE:GNC) by 19.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,766 shares of the company’s stock after buying an additional 6,566 shares during the period. Trexquant Investment LP’s holdings in GNC Holdings were worth $1,265,000 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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