GNC Holdings Inc. (NYSE:GNC) was downgraded by equities research analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued on Monday. They currently have a $19.75 target price on the stock. Vetr‘s price target would suggest a potential downside of 5.41% from the company’s current price.
Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. restated a “hold” rating and issued a $25.00 price objective on shares of GNC Holdings in a report on Friday, July 29th. Piper Jaffray Cos. downgraded GNC Holdings from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $38.00 to $20.00 in a report on Thursday, July 28th. Zacks Investment Research upgraded GNC Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 30th. Jefferies Group cut their price objective on GNC Holdings from $27.00 to $20.00 and set a “hold” rating on the stock in a report on Friday, July 29th. Finally, Deutsche Bank AG cut their price objective on GNC Holdings from $26.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.37.
Shares of GNC Holdings (NYSE:GNC) traded up 2.25% during trading on Monday, reaching $20.88. 2,254,201 shares of the company traded hands. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 7.82 and a beta of 0.91. The stock’s 50 day moving average is $20.39 and its 200 day moving average is $25.13. GNC Holdings has a 1-year low of $18.92 and a 1-year high of $43.09.
GNC Holdings (NYSE:GNC) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $689.60 million for the quarter, compared to the consensus estimate of $670.65 million. GNC Holdings had a return on equity of 50.48% and a net margin of 7.73%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS. On average, analysts forecast that GNC Holdings will post $2.75 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were given a $0.20 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.83%. GNC Holdings’s payout ratio is 29.52%.
Several hedge funds and other institutional investors have recently modified their holdings of GNC. Glenmede Trust Co. NA purchased a new position in shares of GNC Holdings during the first quarter valued at approximately $822,000. Nisa Investment Advisors L.L.C. purchased a new position in shares of GNC Holdings during the first quarter valued at approximately $251,000. Pacad Investment Ltd. raised its position in shares of GNC Holdings by 49.2% in the first quarter. Pacad Investment Ltd. now owns 23,573 shares of the company’s stock valued at $748,000 after buying an additional 7,773 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of GNC Holdings during the first quarter valued at approximately $515,000. Finally, TIAA CREF Investment Management LLC raised its position in shares of GNC Holdings by 187.8% in the first quarter. TIAA CREF Investment Management LLC now owns 803,507 shares of the company’s stock valued at $25,511,000 after buying an additional 524,339 shares during the last quarter. Institutional investors own 95.92% of the company’s stock.
About GNC Holdings
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.
To view Vetr’s full report, visit Vetr’s official website.
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