Victory Capital Management Inc. raised its position in GNC Holdings Inc. (NYSE:GNC) by 17.6% during the second quarter, Holdings Channel reports. The institutional investor owned 7,121 shares of the company’s stock after buying an additional 1,065 shares during the period. Victory Capital Management Inc.’s holdings in GNC Holdings were worth $173,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of GNC. Fuller & Thaler Asset Management Inc. boosted its position 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 worth $75,170,000 after buying an additional 1,109,236 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position 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 worth $71,651,000 after buying an additional 91,319 shares in the last quarter. Prudential Financial Inc. boosted its position 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 worth $65,928,000 after buying an additional 1,326,320 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of GNC Holdings by 54.1% in the second quarter. Neuberger Berman Group LLC now owns 1,650,237 shares of the company’s stock worth $40,084,000 after buying an additional 579,556 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position 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 worth $33,512,000 after buying an additional 132,002 shares in the last quarter. 95.92% of the stock is currently owned by hedge funds and other institutional investors.
GNC Holdings Inc. (NYSE:GNC) traded down 0.62% on Tuesday, reaching $20.75. 183,680 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $20.39 and its 200 day moving average price is $25.13. GNC Holdings Inc. has a 52-week low of $18.92 and a 52-week high of $43.09. The firm has a market capitalization of $1.42 billion, a PE ratio of 7.77 and a beta of 0.91.
GNC Holdings (NYSE:GNC) last released 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 firm had revenue of $689.60 million for the quarter, compared to analyst estimates of $670.65 million. GNC Holdings had a net margin of 7.73% and a return on equity of 50.48%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share. On average, analysts predict that GNC Holdings Inc. will post $2.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 3.83%. GNC Holdings’s dividend payout ratio (DPR) is presently 29.52%.
GNC has been the topic of a number of recent research reports. Zacks Investment Research raised shares of GNC Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 30th. Deutsche Bank AG cut their target price on shares of GNC Holdings from $26.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, July 29th. Vetr cut shares of GNC Holdings from a “buy” rating to a “hold” rating and set a $20.50 target price on the stock. in a report on Monday, August 15th. Barclays PLC initiated coverage on shares of GNC Holdings in a report on Friday, September 23rd. They issued an “equal weight” rating and a $21.00 target price on the stock. Finally, Morgan Stanley restated an “equal weight” rating and issued a $26.00 price target (down previously from $28.00) on shares of GNC Holdings in a research note on Wednesday, June 22nd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $27.37.
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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