Insider Selling: Colombe Nicholas Unloads 10,938 Shares of Herbalife Stock (HLF)
Herbalife (NYSE:HLF) Director Colombe Nicholas unloaded 10,938 shares of the stock on the open market in a transaction dated Monday, January 6th. The stock was sold at an average price of $77.09, for a total value of $843,210.42. Following the completion of the transaction, the director now directly owns 3,810 shares of the company’s stock, valued at approximately $293,713. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Herbalife (NYSE:HLF) traded up 3.00% during mid-day trading on Tuesday, hitting $79.66. 4,459,580 shares of the company’s stock traded hands. Herbalife has a one year low of $30.84 and a one year high of $81.75. The stock has a 50-day moving average of $74.08 and a 200-day moving average of $64.96. The company has a market cap of $8.046 billion and a price-to-earnings ratio of 16.35.
Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.27. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, analysts predict that Herbalife will post $5.25 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at DA Davidson reiterated a “buy” rating on shares of Herbalife in a research note to investors on Thursday, January 2nd. They now have a $115.00 price target on the stock. Separately, analysts at S&P Equity Research downgraded shares of Herbalife to a “sell” rating in a research note to investors on Monday, December 30th. Finally, analysts at Wedbush raised their price target on shares of Herbalife from $81.00 to $90.00 in a research note to investors on Friday, December 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Herbalife has an average rating of “Buy” and an average target price of $86.79.
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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