Herbalife Sees Unusually High Options Volume (HLF)
Herbalife (NYSE:HLF) was the target of unusually large options trading on Tuesday. Stock investors purchased 25,221 call options on the company, AmericanBankingNews.com reports. This is an increase of 112% compared to the average daily volume of 11,884 call options.
HLF has been the subject of a number of recent research reports. 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. Separately, 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $88.79.
Herbalife (NYSE:HLF) opened at 68.93 on Wednesday. Herbalife has a 52 week low of $34.52 and a 52 week high of $83.51. The stock’s 50-day moving average is $71.23 and its 200-day moving average is $68.81. The company has a market cap of $6.963 billion and a P/E ratio of 14.04.
Herbalife (NYSE:HLF) last announced its earnings results on Thursday, February 27th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Herbalife will post $5.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.74%.
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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