GNC Holdings’s “Hold” Rating Reaffirmed at Jefferies Group (GNC)
GNC Holdings (NYSE:GNC)‘s stock had its “hold” rating restated by stock analysts at Jefferies Group in a report issued on Wednesday. They currently have a $35.00 price objective on the stock, down from their previous price objective of $39.00. Jefferies Group’s target price would suggest a potential upside of 6.51% from the company’s current price.
A number of other analysts have also recently weighed in on GNC. Analysts at JPMorgan Chase & Co. initiated coverage on shares of GNC Holdings in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $39.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of GNC Holdings in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $39.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. GNC Holdings presently has an average rating of “Hold” and a consensus target price of $43.91.
Shares of GNC Holdings (NYSE:GNC) traded up 0.34% on Wednesday, hitting $32.86. 4,165,262 shares of the company’s stock traded hands. GNC Holdings has a 52 week low of $30.84 and a 52 week high of $60.98. The stock has a 50-day moving average of $34.89 and a 200-day moving average of $42.51. The company has a market cap of $2.992 billion and a price-to-earnings ratio of 11.97.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.79 by $0.02. The company had revenue of $675.20 million for the quarter, compared to the consensus estimate of $706.00 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts predict that GNC Holdings will post $2.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Wednesday, September 10th.
GNC Holdings, Inc (NYSE:GNC) is a holding company.
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