GNC Holdings Inc. (GNC) Stock Price Up 4.7%
GNC Holdings Inc. (NYSE:GNC) rose 4.7% during trading on Wednesday . The company traded as high as $21.43 and last traded at $20.74, with a volume of 1,453,867 shares traded. The stock had previously closed at $19.81.
GNC has been the subject of a number of research analyst reports. Morgan Stanley downgraded shares of GNC Holdings from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $34.00 to $28.00 in a research report on Thursday, May 5th. Zacks Investment Research raised shares of GNC Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 30th. Deutsche Bank AG cut their price objective on shares of GNC Holdings from $26.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, July 29th. Vetr downgraded shares of GNC Holdings from a “buy” rating to a “hold” rating and set a $20.50 price objective for the company. in a research report on Monday, August 15th. Finally, Sterne Agee CRT reissued a “neutral” rating on shares of GNC Holdings in a research report on Monday, May 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $28.65.
The company has a 50 day moving average of $21.89 and a 200 day moving average of $26.40. The company has a market cap of $1.42 billion and a price-to-earnings ratio of 7.80.
GNC Holdings (NYSE:GNC) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The business earned $689.60 million during the quarter, compared to analyst estimates of $670.65 million. During the same quarter in the previous year, the company earned $0.79 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. On average, equities analysts forecast that GNC Holdings Inc. will post $2.75 earnings per share for the current year.
The firm also recently disclosed 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. 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 3.84%.
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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