A number of other equities analysts have also recently weighed in on HLF. Jefferies Financial Group cut Herbalife Nutrition from a “buy” rating to a “hold” rating and decreased their price objective for the company from $60.00 to $26.00 in a report on Wednesday, May 4th. B. Riley decreased their price objective on Herbalife Nutrition from $50.00 to $41.00 in a report on Wednesday, May 4th. Citigroup decreased their price objective on Herbalife Nutrition from $46.00 to $36.00 in a report on Wednesday, May 4th. StockNews.com raised Herbalife Nutrition from a “hold” rating to a “buy” rating in a report on Sunday, April 10th. Finally, Zacks Investment Research cut Herbalife Nutrition from a “hold” rating to a “strong sell” rating in a report on Friday, May 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.50.
HLF stock opened at $22.15 on Tuesday. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 5.94 and a beta of 1.07. Herbalife Nutrition has a fifty-two week low of $21.36 and a fifty-two week high of $55.78. The stock has a fifty day moving average of $29.28 and a 200-day moving average of $36.83.
Herbalife Nutrition (NYSE:HLF – Get Rating) last issued its earnings results on Tuesday, May 3rd. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.87 by $0.12. Herbalife Nutrition had a negative return on equity of 33.49% and a net margin of 7.06%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company earned $1.42 EPS. The firm’s revenue was down 11.1% compared to the same quarter last year. On average, analysts predict that Herbalife Nutrition will post 3.5 EPS for the current fiscal year.
In other news, CEO John O. Agwunobi bought 4,222 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The shares were bought at an average cost of $23.55 per share, with a total value of $99,428.10. Following the completion of the purchase, the chief executive officer now directly owns 134,745 shares in the company, valued at $3,173,244.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President John Desimone acquired 43,478 shares of Herbalife Nutrition stock in a transaction on Wednesday, May 11th. The shares were bought at an average cost of $21.54 per share, for a total transaction of $936,516.12. Following the completion of the transaction, the president now owns 123,452 shares in the company, valued at approximately $2,659,156.08. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 53,540 shares of company stock worth $1,169,388. 0.66% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp increased its position in Herbalife Nutrition by 4.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 102,183 shares of the company’s stock valued at $4,182,000 after purchasing an additional 4,023 shares during the period. Millennium Management LLC purchased a new position in Herbalife Nutrition during the 3rd quarter valued at $6,085,000. University of Notre Dame DU Lac increased its position in Herbalife Nutrition by 10.9% during the 3rd quarter. University of Notre Dame DU Lac now owns 23,695 shares of the company’s stock valued at $1,004,000 after purchasing an additional 2,324 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in Herbalife Nutrition during the 4th quarter valued at $370,000. Finally, Connectus Wealth LLC purchased a new position in Herbalife Nutrition during the 4th quarter valued at $601,000.
Herbalife Nutrition Company Profile (Get Rating)
Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
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