Herbalife Director Sells $190,400 in Stock (HLF)
Herbalife (NYSE:HLF) Director Patricio Cuesta unloaded 2,975 shares of Herbalife stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $64.00, for a total value of $190,400.00. Following the completion of the transaction, the director now directly owns 8,643 shares in the company, valued at approximately $553,152. 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 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 research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $86.89.
Herbalife (NYSE:HLF) traded down 0.89% on Friday, hitting $64.90. The stock had a trading volume of 1,826,996 shares. Herbalife has a 1-year low of $42.78 and a 1-year high of $83.51. The stock has a 50-day moving average of $63.14 and a 200-day moving average of $65.36. The company has a market cap of $6.367 billion and a price-to-earnings ratio of 14.31.
Herbalife (NYSE:HLF) last posted its quarterly earnings results on Monday, April 28th. The company reported $1.50 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.27 earnings per share. Herbalife’s revenue was up 15.8% compared to the same quarter last year. On average, analysts predict that Herbalife will post $6.30 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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