GNC Holdings Inc. (GNC) Sees Large Increase in Short Interest
GNC Holdings Inc. (NYSE:GNC) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 10,804,791 shares, an increase of 76.4% from the October 31st total of 6,126,270 shares. Based on an average daily volume of 2,646,601 shares, the short-interest ratio is currently 4.1 days. Approximately 15.9% of the company’s stock are sold short.
GNC Holdings (NYSE:GNC) opened at 14.45 on Thursday. The firm’s 50-day moving average is $16.42 and its 200-day moving average is $21.29. GNC Holdings has a 12 month low of $12.78 and a 12 month high of $35.90. The company has a market cap of $988.37 million, a price-to-earnings ratio of 5.50 and a beta of 0.83.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.12. The company earned $628 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $0.76 EPS. On average, analysts anticipate that GNC Holdings will post $2.47 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.54%. The ex-dividend date is Wednesday, December 14th. GNC Holdings’s dividend payout ratio is presently 30.30%.
Several institutional investors have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. raised its position in GNC Holdings by 4.2% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,226,043 shares of the company’s stock valued at $65,876,000 after buying an additional 131,364 shares in the last quarter. BlackRock Advisors LLC raised its position in 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 in the last quarter. BlackRock Fund Advisors raised its position in GNC Holdings by 4.6% in the third quarter. BlackRock Fund Advisors now owns 1,827,803 shares of the company’s stock valued at $37,324,000 after buying an additional 79,556 shares in the last quarter. Neuberger Berman Group LLC raised its position in GNC Holdings by 1.2% in the third quarter. Neuberger Berman Group LLC now owns 1,669,350 shares of the company’s stock valued at $34,088,000 after buying an additional 19,113 shares in the last quarter. Finally, State Street Corp raised its position in GNC Holdings by 21.2% in the second quarter. State Street Corp now owns 1,532,173 shares of the company’s stock valued at $37,215,000 after buying an additional 268,510 shares in the last quarter. 80.83% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on the stock. Vetr downgraded shares of GNC Holdings from a “hold” rating to a “sell” rating and set a $20.50 target price for the company. in a report on Wednesday, September 7th. Barclays PLC assumed 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 for the company. Zacks Investment Research upgraded shares of GNC Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. Deutsche Bank AG lowered their target price on shares of GNC Holdings from $22.00 to $16.00 and set a “hold” rating for the company in a report on Friday, October 28th. Finally, Piper Jaffray Cos. downgraded shares of GNC Holdings from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $20.00 to $11.00 in a report on Friday, October 28th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.58.
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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