Vetr upgraded shares of GNC Holdings Inc. (NYSE:GNC) from a hold rating to a buy rating in a research report sent to investors on Thursday. The brokerage currently has $20.83 price objective on the stock.
GNC has been the topic of several other reports. Zacks Investment Research upgraded GNC Holdings from a sell rating to a hold rating in a report on Wednesday, September 28th. Piper Jaffray Cos. restated an overweight rating and set a $38.00 price target on shares of GNC Holdings in a report on Saturday, June 25th. Jefferies Group reduced their price target on GNC Holdings from $27.00 to $20.00 and set a hold rating on the stock in a report on Friday, July 29th. JPMorgan Chase & Co. restated a hold rating and set a $25.00 price target on shares of GNC Holdings in a report on Friday, July 29th. Finally, Wedbush cut GNC Holdings from an outperform rating to a neutral rating and reduced their price target for the stock from $31.00 to $23.00 in a report on Monday, August 1st. 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 company’s stock. GNC Holdings has a consensus rating of Hold and an average target price of $27.37.
Shares of GNC Holdings (NYSE:GNC) opened at 20.69 on Thursday. GNC Holdings has a 1-year low of $18.92 and a 1-year high of $43.09. The company has a market capitalization of $1.41 billion, a PE ratio of 7.75 and a beta of 0.91. The company’s 50-day moving average price is $20.42 and its 200-day moving average price is $25.06.
GNC Holdings (NYSE:GNC) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The company had revenue of $689.60 million for the quarter, compared to analysts’ expectations of $670.65 million. GNC Holdings had a return on equity of 50.48% and a net margin of 7.73%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 earnings per share. On average, equities analysts expect that GNC Holdings will post $2.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.87%. GNC Holdings’s dividend payout ratio is 29.52%.
Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in GNC Holdings by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,121 shares of the company’s stock valued at $173,000 after buying an additional 1,065 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in GNC Holdings during the second quarter valued at approximately $213,000. ProShare Advisors LLC purchased a new stake in GNC Holdings during the second quarter valued at approximately $218,000. Oregon Public Employees Retirement Fund purchased a new stake in GNC Holdings during the second quarter valued at approximately $237,000. Finally, Menta Capital LLC purchased a new stake in GNC Holdings during the first quarter valued at approximately $240,000. Hedge funds and other 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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