Herbalife Sees Unusually Large Options Volume (HLF)
Herbalife (NYSE:HLF) was the target of some unusual options trading activity on Thursday. Stock investors purchased 39,243 put options on the company, StockRatingsNetwork reports. This represents an increase of approximately 238% compared to the average volume of 11,595 put options.
In other Herbalife news, Director Colombe Nicholas unloaded 10,938 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $77.09, for a total transaction 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 Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on HLF. 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 assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $86.79.
Shares of Herbalife (NYSE:HLF) traded down 9.76% during mid-day trading on Thursday, hitting $71.63. The stock had a trading volume of 12,683,390 shares. Herbalife has a 52-week low of $30.84 and a 52-week high of $83.51. The stock has a 50-day moving average of $76.53 and a 200-day moving average of $66.60. The company has a market cap of $7.235 billion and a price-to-earnings ratio of 16.78.
Herbalife (NYSE:HLF) last released its earnings data on Wednesday, October 30th. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters 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 last year, the company posted $1.04 earnings per share. Herbalife’s revenue was up 19.3% compared to the same quarter last year. On average, analysts predict that Herbalife will post $5.26 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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