GNC Holdings Inc. (NYSE:GNC) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage presently has a $20.83 price target on the stock. Vetr‘s price target suggests a potential upside of 4.83% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. Barclays PLC initiated coverage on GNC Holdings in a research report on Friday, September 23rd. They set an “equal weight” rating and a $21.00 target price for the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 target price (down previously from $28.00) on shares of GNC Holdings in a research report on Wednesday, June 22nd. Zacks Investment Research raised GNC Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. reissued a “hold” rating and issued a $25.00 price objective on shares of GNC Holdings in a research report on Friday, July 29th. Finally, Jefferies Group reduced 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. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.45.
GNC Holdings (NYSE:GNC) traded down 0.45% during mid-day trading on Thursday, reaching $19.87. 1,277,781 shares of the company’s stock traded hands. The stock has a market capitalization of $1.36 billion, a PE ratio of 7.44 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’s 50-day moving average price is $20.31 and its 200 day moving average price is $25.31.
GNC Holdings (NYSE:GNC) last announced its earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The firm earned $689.60 million during 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 company’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. Equities research analysts predict that GNC Holdings will post $2.75 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.80 annualized dividend and a yield of 4.03%. GNC Holdings’s dividend payout ratio is currently 29.52%.
Several hedge funds have recently made changes to their positions in GNC. Victory Capital Management Inc. raised its stake in shares of GNC Holdings by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,121 shares of the company’s stock worth $173,000 after buying an additional 1,065 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of GNC Holdings during the second quarter worth $213,000. ProShare Advisors LLC acquired a new stake in shares of GNC Holdings during the second quarter worth $218,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of GNC Holdings during the second quarter worth $237,000. Finally, Menta Capital LLC acquired a new stake in shares of GNC Holdings during the first quarter worth $240,000. 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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