GNC Holdings Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:GNC)

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Shares of GNC Holdings (NYSE:GNC) have earned a consensus recommendation of “Hold” from the eighteen ratings firms that are currently covering the company, Stock Ratings News reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $44.58.

Shares of GNC Holdings (NYSE:GNC) opened at 34.17 on Tuesday. GNC Holdings has a 52-week low of $30.84 and a 52-week high of $60.98. The stock’s 50-day moving average is $34.10 and its 200-day moving average is $41.04. The company has a market cap of $3.075 billion and a price-to-earnings ratio of 12.17. GNC Holdings also was the target of a large increase in short interest in the month of 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 trading volume of 3,668,353 shares, the short-interest ratio is presently 1.3 days. Approximately 5.3% of the shares of the company are short sold.

GNC Holdings (NYSE:GNC) last released its 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 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. Investors 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 1.90%. The ex-dividend date of this dividend is Wednesday, September 10th.

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. 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, Inc (NYSE:GNC) is a holding company.

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