GNC Holdings Receives Consensus Rating of “Hold” from Brokerages (NYSE:GNC)
GNC Holdings (NYSE:GNC) has earned a consensus rating of “Hold” from the eighteen ratings firms that are currently covering the company, AmericanBankingNews.com reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $44.58.
GNC has been the subject of a number of recent research reports. Analysts at Credit Suisse upgraded shares of GNC Holdings from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $43.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of GNC Holdings in a research note on Wednesday, July 30th. They now have a $35.00 price target on the stock, down previously from $40.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of GNC Holdings in a research note on Wednesday, July 30th. They now have a $35.00 price target on the stock, down previously from $39.00.
Shares of GNC Holdings (NYSE:GNC) traded down 1.16% on Tuesday, hitting $33.95. The stock had a trading volume of 299,797 shares. GNC Holdings has a one year low of $30.84 and a one year high of $60.98. The stock’s 50-day moving average is $34.15 and its 200-day moving average is $41.22. The company has a market cap of $3.055 billion and a price-to-earnings ratio of 12.39. GNC Holdings also was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 4,769,796 shares, an increase of 56.5% from the July 15th total of 3,047,714 shares. Currently, 5.3% of the shares of the stock are sold short. Based on an average daily volume of 3,668,353 shares, the short-interest ratio is presently 1.3 days.
GNC Holdings (NYSE:GNC) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts predict that GNC Holdings will post $2.84 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, September 10th.
GNC Holdings, Inc (NYSE:GNC) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.