Insider Selling: John Tartol Unloads 50,000 Shares of Herbalife Stock (HLF)
Herbalife (NYSE:HLF) Director John Tartol sold 50,000 shares of Herbalife stock on the open market in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $63.38, for a total value of $3,169,000.00. Following the completion of the sale, the director now directly owns 183,993 shares of the company’s stock, valued at approximately $11,661,476. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
HLF has been the subject of a number of recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Herbalife in a research note on Tuesday, April 29th. They now have a $73.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Herbalife from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 25th. They now have a $64.20 price target on the stock. Finally, analysts at Argus downgraded shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $86.60.
Shares of Herbalife (NYSE:HLF) traded up 1.19% during mid-day trading on Friday, hitting $63.95. 564,585 shares of the company’s stock traded hands. Herbalife has a one year low of $42.09 and a one year high of $83.51. The stock’s 50-day moving average is $59.3 and its 200-day moving average is $65.70. The company has a market cap of $6.274 billion and a P/E ratio of 13.81.
Herbalife (NYSE:HLF) last issued its quarterly earnings data on Monday, April 28th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.21. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, analysts predict that Herbalife will post $6.24 earnings per share for the current fiscal year.
Herbalife Ltd. is a global nutrition company. The Company sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products as well as personal care products.
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