Investors Buy Large Volume of Herbalife Call Options (HLF)
Herbalife (NYSE:HLF) was the recipient of unusually large options trading on Friday. Stock investors bought 21,956 call options on the stock, Stock Ratings Network reports. This is an increase of 102% compared to the typical volume of 10,886 call options.
A number of analysts have recently weighed in on HLF shares. Analysts at Argus upgraded shares of Herbalife (NYSE:HLF) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, August 21st. They now have a $80.00 price target on the stock, up previously from $4.80. Separately, analysts at Barclays Capital raised their price target on shares of Herbalife (NYSE:HLF) from $60.00 to $73.00 in a research note to investors on Thursday, August 1st. They now have an “overweight” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of Herbalife (NYSE:HLF) to $72.00 in a research note to investors on Tuesday, July 30th. They now have a “buy” rating on the stock.
Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Herbalife has an average rating of “Buy” and an average target price of $71.32.
Herbalife (NYSE:HLF) opened at 69.71 on Monday. Herbalife has a one year low of $24.24 and a one year high of $74.22. The stock has a 50-day moving average of $65.69 and a 200-day moving average of $49.75. The company has a market cap of $7.185 billion and a price-to-earnings ratio of 15.40.
Herbalife (NYSE:HLF) last released its earnings data on Monday, July 29th. The company reported $1.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.23. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company posted $1.10 earnings per share. Herbalife’s revenue was up 18.2% compared to the same quarter last year. On average, analysts predict that Herbalife will post $4.99 earnings per share for the current fiscal year.
Herbalife Ltd. is a global network marketing company that sells weight management, nutritional supplements, energy, sports and fitness products and personal care products through a network of approximately 2.
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