Insider Selling: Michael Hines Sells 32,680 Shares of GNC Holdings Stock (GNC)
GNC Holdings (NYSE:GNC) Director Michael Hines sold 32,680 shares of the stock on the open market in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $58.83, for a total value of $1,922,564.40. Following the completion of the sale, the director now directly owns 4,517 shares in the company, valued at approximately $265,735. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
GNC has been the subject of a number of recent research reports. Analysts at Credit Suisse raised their price target on shares of GNC Holdings from $58.00 to $65.00 in a research note to investors on Friday, October 25th. Separately, analysts at Barclays raised their price target on shares of GNC Holdings from $60.00 to $65.00 in a research note to investors on Friday, October 25th. They now have an “overweight” rating on the stock. Finally, 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, October 21st. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $58.80.
Shares of GNC Holdings (NYSE:GNC) traded up 0.39% on Thursday, hitting $58.82. The stock had a trading volume of 667,859 shares. GNC Holdings has a 52-week low of $30.92 and a 52-week high of $55.16. The stock’s 50-day moving average is $54.93 and its 200-day moving average is $49.48. The company has a market cap of $5.599 billion and a price-to-earnings ratio of 21.78.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.76 EPS for the quarter, meeting the Thomson Reuters 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. Analysts expect that GNC Holdings will post $2.87 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Wednesday, December 11th.
GNC Holdings, Inc (NYSE:GNC) is a holding company.
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