Herbalife Director Richard P. Bermingham Sells 16,000 Shares (HLF)
Herbalife (NYSE:HLF) Director Richard P. Bermingham sold 16,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $62.74, for a total value of $1,003,840.00. Following the completion of the sale, the director now directly owns 24,753 shares in the company, valued at approximately $1,553,003. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Herbalife (NYSE:HLF) traded up 0.81% during mid-day trading on Monday, hitting $63.59. The stock had a trading volume of 582,460 shares. Herbalife has a 52-week low of $42.78 and a 52-week high of $83.51. The stock has a 50-day moving average of $62.5 and a 200-day moving average of $65.46. The company has a market cap of $6.239 billion and a P/E ratio of 13.79.
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. Analysts expect that Herbalife will post $6.30 EPS for the current fiscal year.
A number of analysts have recently weighed in on HLF shares. Analysts at Zacks upgraded shares of Herbalife from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 10th. They now have a $66.20 price target on the stock. Separately, 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $86.89.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.