Vetr Inc. Upgrades GNC Holdings Inc. (GNC) to “Buy”
GNC Holdings Inc. (NYSE:GNC) was upgraded by investment analysts at Vetr from a “hold” rating to a “buy” rating in a report released on Thursday. The brokerage currently has a $20.83 price objective on the stock. Vetr‘s price target would suggest a potential upside of 2.01% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Barclays PLC started coverage on shares of GNC Holdings in a research note on Friday, September 23rd. They set an “equal weight” rating and a $21.00 target price on the stock. 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 note on Wednesday, June 22nd. Zacks Investment Research raised shares of GNC Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 28th. JPMorgan Chase & Co. reaffirmed a “hold” rating and set 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. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. GNC Holdings presently has a consensus rating of “Hold” and an average price target of $27.45.
GNC Holdings (NYSE:GNC) opened at 20.42 on Thursday. GNC Holdings has a 1-year low of $18.92 and a 1-year high of $43.09. The company has a 50-day moving average of $20.35 and a 200 day moving average of $25.25. The stock has a market cap of $1.40 billion, a P/E ratio of 7.65 and a beta of 1.03.
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 the consensus estimate of $0.78 by $0.01. GNC Holdings had a net margin of 7.73% and a return on equity of 50.48%. The company had revenue of $689.60 million for the quarter, compared to analysts’ expectations of $670.65 million. During the same quarter in the previous year, the company posted $0.79 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. Analysts predict that GNC Holdings will post $2.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.92%. GNC Holdings’s dividend payout ratio (DPR) is presently 29.52%.
Hedge funds have recently modified their holdings of the company. Prudential Financial Inc. raised 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 worth $65,928,000 after buying an additional 1,326,320 shares during the period. Fuller & Thaler Asset Management Inc. raised 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 worth $75,170,000 after buying an additional 1,109,236 shares during the period. Passport Capital LLC acquired a new stake in shares of GNC Holdings during the second quarter worth about $24,290,000. BlackRock Fund Advisors raised 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 worth $42,465,000 after buying an additional 997,581 shares during the period. Finally, Neuberger Berman Group LLC raised its stake 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 during the period. Institutional investors own 95.92% of the company’s stock.
GNC Holdings Company Profile
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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