Investment analysts at Barclays PLC began coverage on shares of GNC Holdings Inc. (NYSE:GNC) in a report issued on Friday. The firm set an “equal weight” rating and a $21.00 price target on the stock. Barclays PLC’s target price would indicate a potential upside of 5.58% from the stock’s previous close.
GNC has been the topic of several other reports. Vetr upgraded shares of GNC Holdings from a “hold” rating to a “buy” rating and set a $20.50 target price on the stock in a research note on Monday, August 29th. Morgan Stanley reiterated an “equal weight” rating and issued a $26.00 target price (down from $28.00) on shares of GNC Holdings in a research note on Wednesday, June 22nd. Zacks Investment Research upgraded shares of GNC Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 30th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $25.00 target price on shares of GNC Holdings in a research note on Friday, July 29th. Finally, Jefferies Group lowered their target price on shares of GNC Holdings from $27.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.42.
Shares of GNC Holdings (NYSE:GNC) opened at 19.89 on Friday. The firm’s 50 day moving average is $20.27 and its 200-day moving average is $25.45. GNC Holdings has a 1-year low of $18.92 and a 1-year high of $43.09. The company has a market cap of $1.36 billion, a PE ratio of 7.45 and a beta of 1.03.
GNC Holdings (NYSE:GNC) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.79 EPS for the quarter, beating the Zacks’ 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 net margin of 7.73% and a return on equity of 50.48%. GNC Holdings’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 EPS. Equities analysts expect that GNC Holdings will post $2.75 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Wednesday, September 14th. GNC Holdings’s dividend payout ratio is currently 29.52%.
Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in shares of GNC Holdings by 14.3% in the first quarter. Geode Capital Management LLC now owns 1,055,517 shares of the company’s stock valued at $33,512,000 after buying an additional 132,002 shares during the last quarter. HealthInvest Partners AB boosted its stake in shares of GNC Holdings by 16.2% in the second quarter. HealthInvest Partners AB now owns 681,955 shares of the company’s stock valued at $16,565,000 after buying an additional 95,000 shares during the last quarter. Teachers Advisors Inc. boosted its stake in shares of GNC Holdings by 7.3% in the first quarter. Teachers Advisors Inc. now owns 125,585 shares of the company’s stock valued at $3,987,000 after buying an additional 8,527 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of GNC Holdings during the first quarter valued at $440,000. Finally, Prudential Financial Inc. boosted its stake in shares of GNC Holdings by 176.8% in the first quarter. Prudential Financial Inc. now owns 2,076,460 shares of the company’s stock valued at $65,928,000 after buying an additional 1,326,320 shares during the last quarter. 95.92% of the stock is owned by institutional investors and hedge funds.
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.
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