Insider Buying: Herbalife Ltd. (NYSE:HLF) Director Acquires $71,100.00 in Stock

Herbalife Ltd. (NYSE:HLF) Director Juan Miguel Mendoza purchased 10,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was acquired at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the completion of the transaction, the director now directly owns 120,000 shares of the company’s stock, valued at approximately $853,200. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Juan Miguel Mendoza also recently made the following trade(s):

• On Monday, August 26th, Juan Miguel Mendoza acquired 10,000 shares of Herbalife stock. The stock was bought at an average price of $8.72 per share, with a total value of $87,200.00.

Herbalife Price Performance

HLF stock opened at $7.21 on Thursday. Herbalife Ltd. has a 1-year low of $6.68 and a 1-year high of $15.71. The business has a 50 day simple moving average of $9.71 and a two-hundred day simple moving average of $9.75. The company has a market capitalization of $720.77 million, a price-to-earnings ratio of 5.11 and a beta of 1.21.

Herbalife (NYSE:HLF) last issued its earnings results on Wednesday, July 31st. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.33 billion. Herbalife had a net margin of 1.63% and a negative return on equity of 18.69%. Herbalife’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 earnings per share. Sell-side analysts anticipate that Herbalife Ltd. will post 0.9 EPS for the current fiscal year.

Institutional Trading of Herbalife

A number of large investors have recently added to or reduced their stakes in HLF. Algert Global LLC grew its holdings in shares of Herbalife by 98.9% in the second quarter. Algert Global LLC now owns 20,173 shares of the company’s stock valued at $210,000 after purchasing an additional 10,033 shares in the last quarter. Long Focus Capital Management LLC lifted its position in Herbalife by 11.3% during the second quarter. Long Focus Capital Management LLC now owns 3,202,982 shares of the company’s stock valued at $33,279,000 after purchasing an additional 323,969 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Herbalife by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,311 shares of the company’s stock worth $533,000 after buying an additional 1,660 shares in the last quarter. Maverick Capital Ltd. increased its holdings in shares of Herbalife by 409.4% in the 2nd quarter. Maverick Capital Ltd. now owns 127,887 shares of the company’s stock worth $1,329,000 after buying an additional 102,784 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of Herbalife during the 2nd quarter valued at about $602,000.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. DA Davidson lifted their target price on Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. B. Riley lifted their price objective on Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Mizuho increased their target price on shares of Herbalife from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, June 7th. Finally, StockNews.com downgraded shares of Herbalife from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Herbalife currently has a consensus rating of “Hold” and a consensus target price of $12.33.

Herbalife Company Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.