GNC Holdings Inc. (GNC) Shares Up 4.7%
GNC Holdings Inc. (NYSE:GNC) shares shot up 4.7% during mid-day trading on Wednesday . The stock traded as high as $21.43 and last traded at $20.74, with a volume of 1,453,867 shares. The stock had previously closed at $19.81.
Several research firms have issued reports on GNC. Vetr upgraded shares of GNC Holdings from a “hold” rating to a “buy” rating and set a $20.50 price target on the stock in a research report on Monday. Wedbush lowered shares of GNC Holdings from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $31.00 to $23.00 in a research report on Monday, August 1st. JPMorgan Chase & Co. restated a “hold” rating and issued a $25.00 price target on shares of GNC Holdings in a research report on Friday, July 29th. Jefferies Group decreased their price target on shares of GNC Holdings from $27.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, July 29th. Finally, Deutsche Bank AG decreased their price target on shares of GNC Holdings from $26.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. GNC Holdings currently has an average rating of “Hold” and a consensus price target of $28.65.
The company has a market cap of $1.43 billion and a price-to-earnings ratio of 7.86. The company’s 50-day moving average is $22.19 and its 200-day moving average is $26.48.
GNC Holdings (NYSE:GNC) last announced its 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 company had revenue of $689.60 million for the quarter, compared to analyst estimates of $670.65 million. GNC Holdings’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.79 earnings per share. On average, equities analysts predict that GNC Holdings Inc. will post $2.75 earnings per share 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 given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.04%.
An institutional investor recently raised its position in GNC Holdings stock. Schroder Investment Management Group increased its position in GNC Holdings Inc. (NYSE:GNC) by 1,763.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 607,373 shares of the company’s stock after buying an additional 574,773 shares during the period. Schroder Investment Management Group owned approximately 0.73% of GNC Holdings worth $18,840,000 as of its most recent SEC filing.
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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