Herbalife Target of Unusually Large Options Trading (HLF)
Shares of Herbalife (NYSE:HLF) saw some unusual options trading activity on Friday. Investors purchased 20,678 put options on the stock, Analyst Ratings.Net reports. This is an increase of 116% compared to the typical volume of 9,559 put options.
HLF has been the subject of a number of recent research reports. Analysts at DA Davidson reiterated a “buy” rating on shares of Herbalife (NYSE:HLF) in a research note to investors on Thursday. They now have a $92.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Herbalife (NYSE:HLF) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $74.30 price target on the stock. Finally, analysts at Barclays Capital initiated coverage on shares of Herbalife (NYSE:HLF) in a research note to investors on Tuesday, September 24th. They set an “overweight” rating on the stock. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $72.43.
Herbalife (NYSE:HLF) traded up 1.27% on Friday, hitting $69.12. 4,067,472 shares of the company’s stock traded hands. Herbalife has a one year low of $24.24 and a one year high of $74.94. The stock’s 50-day moving average is $66.8 and its 200-day moving average is $51.67. The company has a market cap of $7.124 billion and a P/E ratio of 15.08.
Herbalife (NYSE:HLF) last issued its quarterly 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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