GNC Holdings Inc. (GNC) Downgraded by Vetr Inc. to Sell
GNC Holdings Inc. (NYSE:GNC) was downgraded by research analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued to investors on Monday. They currently have a $19.75 price objective on the stock. Vetr‘s price objective would suggest a potential downside of 5.41% from the company’s previous close.
A number of other research firms have also recently commented on GNC. Zacks Investment Research upgraded shares of GNC Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 30th. Deutsche Bank AG lowered their price objective on shares of GNC Holdings from $26.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, July 29th. Barclays PLC assumed coverage on shares of GNC Holdings in a research note on Friday, September 23rd. They issued an “equal weight” rating and a $21.00 price objective for the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 price objective (down from $28.00) on shares of GNC Holdings in a research note on Wednesday, June 22nd. Finally, Wedbush lowered shares of 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 note on Monday, August 1st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $27.37.
GNC Holdings (NYSE:GNC) traded up 2.25% on Monday, reaching $20.88. 2,254,201 shares of the company’s stock were exchanged. GNC Holdings has a 52-week low of $18.92 and a 52-week high of $43.09. The firm’s 50 day moving average price is $20.39 and its 200 day moving average price is $25.13. The company has a market cap of $1.43 billion, a PE ratio of 7.82 and a beta of 0.91.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The firm 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%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 earnings per share. On average, 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. Investors of record on Friday, September 16th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Wednesday, September 14th. GNC Holdings’s payout ratio is currently 29.52%.
A number of institutional investors have recently modified their holdings of GNC. Fuller & Thaler Asset Management Inc. increased 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 valued at $75,170,000 after buying an additional 1,109,236 shares during the period. BlackRock Advisors LLC increased its position 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 period. BlackRock Institutional Trust Company N.A. increased 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 valued at $71,651,000 after buying an additional 91,319 shares during the period. Prudential Financial Inc. increased 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 valued at $65,928,000 after buying an additional 1,326,320 shares during the period. Finally, BlackRock Fund Advisors increased its position 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 period. 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.
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