GNC Holdings Receives Consensus Rating of “Hold” from Brokerages (NYSE:GNC)
GNC Holdings (NYSE:GNC) has been given an average recommendation of “Hold” by the eighteen brokerages that are currently covering the company, Analyst Ratings Network.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $44.58.
Several analysts have recently commented on the stock. Analysts at Credit Suisse upgraded shares of GNC Holdings from a “neutral” rating to an “outperform” rating in a research note on Monday, August 11th. 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.
GNC Holdings (NYSE:GNC) opened at 34.81 on Tuesday. 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 $34.15 and a 200-day moving average of $40.88. The company has a market cap of $3.132 billion and a price-to-earnings ratio of 12.75. GNC Holdings also saw a large 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. Based on an average daily trading volume, of 3,668,353 shares, the days-to-cover ratio is currently 1.3 days. Approximately 5.3% of the company’s stock are sold short.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings results 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 quarterly revenue 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 announced a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders 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 1.81%. The ex-dividend date is Wednesday, September 10th.
GNC Holdings, Inc (NYSE:GNC) is a holding company.
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