GNC Holdings Inc. (GNC) Receives $25.89 Consensus Target Price from Brokerages
Shares of GNC Holdings Inc. (NYSE:GNC) have been assigned a consensus rating of “Hold” from the seventeen analysts that are covering the company. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $25.89.
A number of research firms recently weighed in on GNC. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $25.00 price target on shares of GNC Holdings in a research note on Friday, July 29th. Piper Jaffray Cos. downgraded GNC Holdings from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $20.00 in a research note on Thursday, July 28th. Vetr downgraded GNC Holdings from a “buy” rating to a “hold” rating and set a $20.50 price target on the stock. in a research note on Monday, August 22nd. Zacks Investment Research raised GNC Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 30th. Finally, 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 note on Friday, July 29th.
Shares of GNC Holdings (NYSE:GNC) opened at 20.53 on Monday. The firm has a market capitalization of $1.40 billion, a PE ratio of 7.69 and a beta of 0.91. The company’s 50-day moving average price is $20.55 and its 200 day moving average price is $24.72. GNC Holdings has a 12-month low of $18.92 and a 12-month high of $41.26.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. GNC Holdings had a return on equity of 50.48% and a net margin of 7.73%. The business had revenue of $689.60 million for the quarter, compared to the consensus estimate of $670.65 million. During the same period in the prior year, the business earned $0.79 EPS. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, equities analysts forecast that GNC Holdings will post $2.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.90%. The ex-dividend date was Wednesday, September 14th. GNC Holdings’s dividend payout ratio (DPR) is 29.52%.
A number of institutional investors have recently made changes to their positions in the stock. HealthInvest Partners AB raised its position in shares of GNC Holdings by 16.2% in the second quarter. HealthInvest Partners AB now owns 681,955 shares of the company’s stock valued at $16,565,000 after buying an additional 95,000 shares during the period. Geode Capital Management LLC increased its stake in GNC Holdings by 14.3% in the first quarter. Geode Capital Management LLC now owns 1,055,517 shares of the company’s stock valued at $33,512,000 after buying an additional 132,002 shares in the last quarter. Lucus Advisors LLC increased its stake in GNC Holdings by 85.7% in the second quarter. Lucus Advisors LLC now owns 14,138 shares of the company’s stock valued at $343,000 after buying an additional 6,525 shares in the last quarter. Teachers Advisors Inc. increased its stake in GNC Holdings by 7.3% in the first quarter. Teachers Advisors Inc. now owns 125,585 shares of the company’s stock valued at $3,987,000 after buying an additional 8,527 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in GNC Holdings during the first quarter valued at about $440,000. 95.92% of the stock is owned by institutional investors and hedge funds.
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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