GNC Holdings Price Target Raised to $65.00 at Barclays (GNC)
Stock analysts at Barclays increased their target price on shares of GNC Holdings (NYSE:GNC) from $60.00 to $65.00 in a report issued on Friday, ARN reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price indicates a potential upside of 14.90% from the company’s current price.
Shares of GNC Holdings (NYSE:GNC) traded up 3.48% during mid-day trading on Friday, hitting $58.54. The stock had a trading volume of 1,021,294 shares. GNC Holdings has a one year low of $30.92 and a one year high of $55.16. The stock has a 50-day moving average of $52.3 and a 200-day moving average of $45.96. The company has a market cap of $5.579 billion and a P/E ratio of 22.35.
GNC Holdings (NYSE:GNC) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.76 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.76. The company had revenue of $675.60 million for the quarter, compared to the consensus estimate of $690.93 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, December 11th.
GNC has been the subject of a number of other recent research reports. Analysts at Wedbush raised their price target on shares of GNC Holdings from $60.00 to $63.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of GNC Holdings from $59.00 to $66.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of GNC Holdings in a research note to investors on Monday, October 7th. They set a “buy” rating and a $68.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $58.10.
GNC Holdings, Inc (NYSE:GNC) is a holding company.
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