GNC Holdings Sets New 52-Week Low at $34.38 (GNC)
Shares of GNC Holdings (NYSE:GNC) reached a new 52-week low during mid-day trading on Friday , AnalystRatingsNetwork reports. The company traded as low as $34.38 and last traded at $36.12, with a volume of 3,722,939 shares changing hands. The stock had previously closed at $37.00.
A number of research firms have recently commented on GNC. Analysts at Bank of America initiated coverage on shares of GNC Holdings in a research note on Wednesday, June 4th. They set a “buy” rating and a $50.00 price target on the stock. Separately, analysts at Zacks downgraded shares of GNC Holdings from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 15th. They now have a $35.80 price target on the stock. Finally, analysts at Citigroup Inc. reiterated an “overweight” rating on shares of GNC Holdings in a research note on Wednesday, May 7th. They now have a $50.00 price target on the stock, down previously from $60.00. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $49.71.
The stock’s 50-day moving average is $39.01 and its 200-day moving average is $47.97. The company has a market cap of $3.190 billion and a P/E ratio of 13.52.
GNC Holdings (NYSE:GNC) last announced its earnings results on Tuesday, May 6th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.01. The company had revenue of $677.28 million for the quarter, compared to the consensus estimate of $695.89 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts expect that GNC Holdings will post $3.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, June 11th.
GNC Holdings, Inc (NYSE:GNC) is a holding company.