Shares of Herbalife Nutrition Ltd (NYSE:HLF) have received a consensus recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $61.30.

HLF has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Friday, August 3rd. Pivotal Research reissued a “buy” rating and set a $75.00 price objective on shares of Herbalife Nutrition in a research report on Thursday, August 2nd. Finally, ValuEngine raised shares of Herbalife Nutrition from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd.

Herbalife Nutrition stock traded up $0.22 during mid-day trading on Wednesday, reaching $54.91. 582,900 shares of the company traded hands, compared to its average volume of 1,930,547. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of -1.87. The company has a market cap of $8.67 billion, a P/E ratio of 22.60 and a beta of 0.71. Herbalife Nutrition has a 52-week low of $32.13 and a 52-week high of $60.41.

Herbalife Nutrition (NYSE:HLF) last issued its quarterly earnings data on Wednesday, August 1st. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.12. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.26 billion. Herbalife Nutrition had a net margin of 3.61% and a negative return on equity of 140.85%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.51 EPS. analysts predict that Herbalife Nutrition will post 2.75 EPS for the current fiscal year.

In other news, COO David Pezzullo sold 99,875 shares of the company’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $55.29, for a total value of $5,522,088.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeff Dunn sold 17,440 shares of the company’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $58.53, for a total transaction of $1,020,763.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 205,961 shares of company stock worth $11,578,487. Insiders own 6.19% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas grew its position in shares of Herbalife Nutrition by 71.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 23,198 shares of the company’s stock worth $1,246,000 after buying an additional 9,702 shares during the period. Jennison Associates LLC purchased a new stake in shares of Herbalife Nutrition in the 2nd quarter worth about $1,870,000. Zacks Investment Management purchased a new stake in shares of Herbalife Nutrition in the 2nd quarter worth about $1,753,000. Kiwi Wealth Investments Limited Partnership grew its position in shares of Herbalife Nutrition by 76.2% in the 2nd quarter. Kiwi Wealth Investments Limited Partnership now owns 30,516 shares of the company’s stock worth $1,639,000 after buying an additional 13,196 shares during the period. Finally, Clinton Group Inc. purchased a new stake in shares of Herbalife Nutrition in the 2nd quarter worth about $3,328,000. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

About Herbalife Nutrition

Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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