Several other analysts also recently issued reports on GNC. Morgan Stanley reiterated an equal weight rating and set a $26.00 price target (down previously from $28.00) on shares of GNC Holdings in a research note on Wednesday, June 22nd. Piper Jaffray Cos. reiterated an overweight rating and set a $38.00 price target on shares of GNC Holdings in a research note on Saturday, June 25th. Zacks Investment Research upgraded GNC Holdings from a sell rating to a hold rating in a research note on Thursday, June 30th. Deutsche Bank AG decreased their price target on GNC Holdings from $26.00 to $22.00 and set a hold rating for the company in a research note on Friday, July 29th. Finally, Jefferies Group decreased their price target on GNC Holdings from $27.00 to $20.00 and set a hold rating for the company in a research note on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. GNC Holdings presently has an average rating of Hold and a consensus target price of $27.42.
Shares of GNC Holdings (NYSE:GNC) traded down 0.20% during midday trading on Friday, hitting $20.11. The stock had a trading volume of 239,776 shares. The firm has a market cap of $1.38 billion, a PE ratio of 7.53 and a beta of 1.03. GNC Holdings has a 12-month low of $18.92 and a 12-month high of $43.09. The firm has a 50-day moving average of $20.27 and a 200 day moving average of $25.56.
GNC Holdings (NYSE:GNC) last issued its earnings results on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.01. GNC Holdings had a return on equity of 50.48% and a net margin of 7.73%. The company had revenue of $689.60 million for the quarter, compared to analyst estimates of $670.65 million. During the same period in the prior year, the firm posted $0.79 EPS. The business’s revenue was down 2.4% compared to the same quarter last year. On average, analysts expect that GNC Holdings 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 issued 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 3.97%. GNC Holdings’s payout ratio is presently 29.52%.
Several institutional investors have recently modified their holdings of the company. Capital Investment Counsel Inc boosted its position in shares of GNC Holdings by 0.7% in the second quarter. Capital Investment Counsel Inc now owns 31,250 shares of the company’s stock worth $759,000 after buying an additional 225 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of GNC Holdings by 2.6% in the second quarter. Teacher Retirement System of Texas now owns 10,417 shares of the company’s stock worth $253,000 after buying an additional 264 shares during the last quarter. Frontier Capital Management Co. LLC boosted its position in shares of GNC Holdings by 3.2% in the second quarter. Frontier Capital Management Co. LLC now owns 22,148 shares of the company’s stock worth $538,000 after buying an additional 686 shares during the last quarter. Boston Advisors LLC boosted its position in shares of GNC Holdings by 0.8% in the first quarter. Boston Advisors LLC now owns 94,613 shares of the company’s stock worth $3,004,000 after buying an additional 710 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in GNC Holdings by 1.6% in the second quarter. Raymond James & Associates now owns 47,320 shares of the company’s stock worth $1,149,000 after buying an additional 733 shares in the last quarter. 95.92% of the stock is owned by institutional investors and hedge funds.
GNC Holdings Company Profile
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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