GNC Holdings Inc. (GNC) Given Consensus Rating of “Hold” by Brokerages
Shares of GNC Holdings Inc. (NYSE:GNC) have earned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $22.70.
GNC has been the subject of a number of analyst reports. Deutsche Bank AG cut 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 report on Friday, July 29th. Vetr lowered shares of GNC Holdings from a “buy” rating to a “hold” rating and set a $20.50 price objective for the company. in a research report on Monday, August 15th. Barclays PLC initiated coverage on shares of GNC Holdings in a research report on Friday, September 23rd. They issued an “equal weight” rating and a $21.00 price objective for the company. Wedbush lowered shares of GNC Holdings from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $31.00 to $23.00 in a research report on Monday, August 1st. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $25.00 price objective on shares of GNC Holdings in a research report on Friday, July 29th.
Several hedge funds and other institutional investors have recently modified their holdings of GNC. HealthInvest Partners AB boosted 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 in the last quarter. 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 valued at $33,512,000 after buying an additional 132,002 shares in the last quarter. Lucus Advisors LLC boosted its position in shares of 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. Jacobs Levy Equity Management Inc. purchased a new position in shares of GNC Holdings during the first quarter valued at about $440,000. Finally, Globeflex Capital L P boosted its position in shares of GNC Holdings by 76.7% in the second quarter. Globeflex Capital L P now owns 37,735 shares of the company’s stock valued at $917,000 after buying an additional 16,374 shares in the last quarter. Hedge funds and other institutional investors own 94.37% of the company’s stock.
Shares of GNC Holdings (NYSE:GNC) opened at 14.71 on Monday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 5.60 and a beta of 0.83. GNC Holdings has a 12-month low of $12.78 and a 12-month high of $35.90. The firm’s 50-day moving average is $17.65 and its 200-day moving average is $21.93.
GNC Holdings (NYSE:GNC) last issued its earnings results on Thursday, October 27th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by $0.12. The business had revenue of $628 million for the quarter, compared to the consensus estimate of $651.33 million. GNC Holdings had a return on equity of 53.97% and a net margin of 7.35%. GNC Holdings’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. On average, equities analysts predict that GNC Holdings will post $2.47 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.44%. The ex-dividend date is Wednesday, December 14th. GNC Holdings’s dividend payout ratio is 30.30%.
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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