Herbalife (NYSE:HLF) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of Herbalife (NYSE:HLF) from a strong-buy rating to a buy rating in a research report report published on Saturday morning.

Other analysts have also issued research reports about the company. Mizuho set a $17.00 price target on Herbalife in a report on Monday, May 4th. Zacks Research cut shares of Herbalife from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings upgraded shares of Herbalife from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Finally, Royal Bank Of Canada reduced their target price on shares of Herbalife from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.80.

Herbalife Trading Up 2.1%

Shares of NYSE:HLF opened at $12.24 on Friday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 5.37, a PEG ratio of 0.66 and a beta of 0.86. Herbalife has a 12 month low of $7.56 and a 12 month high of $20.40. The company has a 50-day moving average price of $12.35 and a 200 day moving average price of $14.75.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Herbalife had a negative return on equity of 41.47% and a net margin of 4.67%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share. As a group, equities analysts forecast that Herbalife will post 2.68 EPS for the current year.

Insider Buying and Selling

In other Herbalife news, insider Frank Lamberti sold 134,982 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $13.50, for a total value of $1,822,257.00. Following the sale, the insider owned 36,624 shares in the company, valued at $494,424. This trade represents a 78.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Troy Hicks sold 10,000 shares of Herbalife stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $12.32, for a total value of $123,200.00. Following the sale, the chief operating officer owned 9,706 shares of the company’s stock, valued at approximately $119,577.92. This trade represents a 50.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 191,296 shares of company stock valued at $2,551,678 over the last three months. 5.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Herbalife during the 4th quarter valued at about $32,000. KBC Group NV bought a new position in Herbalife in the 1st quarter worth about $44,000. Advisory Services Network LLC purchased a new position in shares of Herbalife during the third quarter worth approximately $65,000. Quarry LP increased its position in shares of Herbalife by 49,105.3% during the third quarter. Quarry LP now owns 9,349 shares of the company’s stock worth $79,000 after acquiring an additional 9,330 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Herbalife by 512.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the company’s stock worth $84,000 after acquiring an additional 5,476 shares during the period.

About Herbalife

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.