Herbalife Ltd. (HLF) Plans Quarterly Dividend of $0.30
Herbalife (NYSE:HLF) declared a quarterly dividend on Tuesday, February 18th, Stock Ratings News reports. Stockholders of record on Tuesday, March 4th will be given a dividend of 0.30 per share on Tuesday, March 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.81%.
A number of research firms have recently commented on HLF. Analysts at Barclays raised their price target on shares of Herbalife from $78.00 to $94.00 in a research note on Tuesday, January 21st. They now have an “overweight” rating on the stock. On a related note, analysts at DA Davidson reiterated a “buy” rating on shares of Herbalife in a research note on Thursday, January 2nd. They now have a $115.00 price target on the stock. Finally, analysts at S&P Equity Research downgraded shares of Herbalife to a “sell” rating in a research note on Monday, December 30th. One 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. Herbalife currently has a consensus rating of “Buy” and a consensus price target of $88.79.
Herbalife (NYSE:HLF) traded up 3.83% during mid-day trading on Tuesday, hitting $68.93. The stock had a trading volume of 4,445,357 shares. Herbalife has a one year low of $34.52 and a one year high of $83.51. The stock’s 50-day moving average is $71.70 and its 200-day moving average is $68.66. The company has a market cap of $6.963 billion and a price-to-earnings ratio of 14.04.
Herbalife (NYSE:HLF) last announced its earnings results on Thursday, February 27th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.12. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.22 billion. On average, analysts predict that Herbalife will post $5.32 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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