Vetr lowered shares of GNC Holdings Inc. (NYSE:GNC) from a hold rating to a sell rating in a report published on Monday morning. They currently have $19.75 target price on the stock.
GNC has been the subject of a number of other reports. Zacks Investment Research upgraded GNC Holdings from a sell rating to a hold rating in a research report on Wednesday, September 28th. Piper Jaffray Cos. reiterated an overweight rating and issued a $38.00 price objective on shares of GNC Holdings in a research report on Saturday, June 25th. Jefferies Group lowered their price objective on GNC Holdings from $27.00 to $20.00 and set a hold rating for the company in a research report on Friday, July 29th. JPMorgan Chase & Co. reiterated a hold rating and issued a $25.00 price objective on shares of GNC Holdings in a research report on Friday, July 29th. Finally, Wedbush lowered GNC Holdings from an outperform rating to a neutral rating and lowered their price objective for the stock from $31.00 to $23.00 in a research report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $27.37.
GNC Holdings (NYSE:GNC) opened at 20.93 on Monday. GNC Holdings has a 52-week low of $18.92 and a 52-week high of $42.77. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 7.84 and a beta of 0.91. The stock has a 50 day moving average price of $20.48 and a 200 day moving average price of $25.00.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The business earned $689.60 million during the quarter, compared to analyst estimates of $670.65 million. GNC Holdings had a return on equity of 50.48% and a net margin of 7.73%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 earnings per share. On average, equities analysts expect that GNC Holdings will post $2.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Wednesday, September 14th. GNC Holdings’s payout ratio is currently 29.52%.
Several hedge funds have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. boosted its stake in shares of GNC Holdings by 55.9% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,094,679 shares of the company’s stock valued at $75,170,000 after buying an additional 1,109,236 shares during the last quarter. BlackRock Advisors LLC boosted its stake in shares of GNC Holdings by 17.2% in the second quarter. BlackRock Advisors LLC now owns 3,052,911 shares of the company’s stock valued at $74,155,000 after buying an additional 447,519 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of GNC Holdings by 4.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,256,727 shares of the company’s stock valued at $71,651,000 after buying an additional 91,319 shares during the last quarter. 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. Finally, BlackRock Fund Advisors boosted its stake in shares of GNC Holdings by 132.9% in the second quarter. BlackRock Fund Advisors now owns 1,748,247 shares of the company’s stock valued at $42,465,000 after buying an additional 997,581 shares during the last quarter. Institutional investors and hedge funds 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.
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