GNC Holdings Director Acquires 30,000 Shares (GNC)
GNC Holdings (NYSE:GNC) Director Michael F. Hines purchased 30,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The stock was purchased at an average cost of $35.41 per share, for a total transaction of $1,062,300.00. Following the completion of the purchase, the director now directly owns 37,118 shares in the company, valued at approximately $1,314,348. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of GNC Holdings (NYSE:GNC) traded down 1.23% during mid-day trading on Thursday, hitting $36.475. 496,741 shares of the company’s stock traded hands. GNC Holdings has a 1-year low of $30.84 and a 1-year high of $60.98. The stock has a 50-day moving average of $34.33 and a 200-day moving average of $40.50. The company has a market cap of $3.282 billion and a price-to-earnings ratio of 13.32. 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 company are sold short. Based on an average trading volume of 3,668,353 shares, the short-interest ratio is presently 1.3 days.
GNC Holdings (NYSE:GNC) last released its earnings data 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 $2.84 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 1.73%. The ex-dividend date is Wednesday, September 10th.
A number of research firms have recently commented on GNC. 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $44.58.
GNC Holdings, Inc (NYSE:GNC) is a holding company.
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