Published On: Sun, Sep 18th, 2016

GNC Holdings Inc. (GNC) Lowered to Neutral at Piper Jaffray Cos.

GNC Holdings Inc. (NYSE:GNC) was downgraded by equities researchers at Piper Jaffray Cos. from an “overweight” rating to a “neutral” rating in a research report issued on Thursday. They presently have a $20.00 price objective on the stock, down from their prior price objective of $38.00. Piper Jaffray Cos.’s target price suggests a potential downside of 2.58% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. Jefferies Group raised their price target on shares of GNC Holdings from $32.00 to $35.00 in a research report on Tuesday, April 12th. Wedbush reaffirmed a “buy” rating on shares of GNC Holdings in a report on Saturday, April 30th. Goldman Sachs Group Inc. boosted their price target on shares of GNC Holdings from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, April 6th. Zacks Investment Research raised shares of GNC Holdings from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, April 13th. Finally, Morgan Stanley downgraded shares of GNC Holdings from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $34.00 to $28.00 in a report on Thursday, May 5th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $28.65.
GNC Holdings (NYSE:GNC) traded down 3.62% during mid-day trading on Thursday, reaching $20.53. 2,503,579 shares of the company traded hands. GNC Holdings has a 52-week low of $18.92 and a 52-week high of $45.26. The stock has a market capitalization of $1.40 billion, a PE ratio of 7.69 and a beta of 1.03. The firm’s 50-day moving average is $20.54 and its 200 day moving average is $26.02.

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GNC Holdings (NYSE:GNC) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. GNC Holdings had a net margin of 7.73% and a return on equity of 50.48%. The business earned $689.60 million during the quarter, compared to the consensus estimate of $670.65 million. During the same quarter last year, the company earned $0.79 earnings per share. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, equities research analysts expect that GNC Holdings will post $2.74 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.80 annualized dividend and a yield of 3.90%. GNC Holdings’s dividend payout ratio (DPR) is currently 29.52%.
A number of large investors have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. raised its position in shares of GNC Holdings by 55.9% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,094,679 shares of the company’s stock worth $75,170,000 after buying an additional 1,109,236 shares during the last quarter. BlackRock Advisors LLC raised its position in shares of GNC Holdings by 17.2% in the second quarter. BlackRock Advisors LLC now owns 3,052,911 shares of the company’s stock worth $74,155,000 after buying an additional 447,519 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of GNC Holdings by 4.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,256,727 shares of the company’s stock worth $71,651,000 after buying an additional 91,319 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its position in shares of GNC Holdings by 280.3% in the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 2,206,708 shares of the company’s stock worth $68,452,000 after buying an additional 1,626,516 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of GNC Holdings by 176.8% in the first quarter. Prudential Financial Inc. now owns 2,076,460 shares of the company’s stock worth $65,928,000 after buying an additional 1,326,320 shares during the last quarter. Hedge funds and other institutional investors own 95.94% of the company’s stock.
GNC Holdings Company Profile
GNC Holdings, Inc is a specialty retailer of health, wellness and performance products, including vitamins, minerals and herbal supplement products (VMHS), sports nutrition products and diet products. The Company operates in three segments: Retail, Franchising and Manufacturing/Wholesale. The Retail segment includes sales of products to customers at its company-owned stores in the United States, Canada, Puerto Rico and Ireland and through its Websites, GNC.com and LuckyVitamin.com.

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