Herbalife Ltd. (NYSE:HLF) Receives Average Rating of “Hold” from Analysts
Herbalife Ltd. (NYSE:HLF) has been given an average rating of “Hold” by the seven analysts that are covering the firm. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $70.26.
Several equities research analysts have recently commented on the company. Pivotal Research reissued a “buy” rating and issued a $90.00 target price on shares of Herbalife in a research note on Sunday, July 17th. TheStreet raised Herbalife to a “buy” rating in a research note on Thursday, May 26th. SunTrust Banks Inc. reissued a “neutral” rating and issued a $66.00 target price on shares of Herbalife in a research note on Friday, August 5th. Finally, Zacks Investment Research raised Herbalife from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Friday, August 5th.
Herbalife (NYSE:HLF) opened at 62.03 on Tuesday. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 21.26 and a beta of 1.72. The firm has a 50-day moving average price of $64.15 and a 200 day moving average price of $60.99. Herbalife has a 12 month low of $42.26 and a 12 month high of $72.22.
Herbalife (NYSE:HLF) last released its earnings results on Wednesday, August 3rd. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.08. The company earned $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Herbalife had a negative return on equity of 2,099.28% and a net margin of 5.55%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $1.24 EPS. On average, equities analysts forecast that Herbalife will post $1.31 EPS for the current year.
In other Herbalife news, insider Shin-Shing Bosco Chiu sold 2,000 shares of Herbalife stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $68.00, for a total transaction of $136,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Carl C. Icahn bought 2,304,683 shares of Herbalife stock in a transaction on Friday, August 26th. The shares were acquired at an average price of $59.31 per share, for a total transaction of $136,690,748.73. The disclosure for this purchase can be found here. Company insiders own 4.91% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlueMountain Capital Management LLC raised its stake in shares of Herbalife by 1.0% in the first quarter. BlueMountain Capital Management LLC now owns 483,067 shares of the company’s stock worth $29,738,000 after buying an additional 4,579 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Herbalife by 8.8% in the second quarter. BNP Paribas Arbitrage SA now owns 11,057 shares of the company’s stock worth $647,000 after buying an additional 891 shares during the period. Virginia Retirement System purchased a new stake in shares of Herbalife during the first quarter worth approximately $259,000. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Herbalife during the first quarter worth approximately $123,000. Finally, Elliott Management Corp purchased a new stake in shares of Herbalife during the first quarter worth approximately $2,820,000.
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. The Company’s segments include North America; Mexico; South & Central America; Europe, Middle East, and Africa (EMEA); Asia Pacific, and China.
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