Herbalife EVP Calero Miguel Angel Fernandez Sells 15,332 Shares (HLF)
Herbalife (NYSE:HLF) EVP Calero Miguel Angel Fernandez sold 15,332 shares of the company’s stock on the open market in a transaction dated Monday, July 7th. The shares were sold at an average price of $65.90, for a total transaction of $1,010,378.80. Following the transaction, the executive vice president now directly owns 12,525 shares of the company’s stock, valued at approximately $825,398. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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. 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Herbalife currently has an average rating of “Hold” and an average target price of $86.89.
Herbalife (NYSE:HLF) traded down 1.06% during mid-day trading on Tuesday, hitting $65.48. The stock had a trading volume of 795,961 shares. Herbalife has a 52 week low of $47.68 and a 52 week high of $83.51. The stock’s 50-day moving average is $64.39 and its 200-day moving average is $64.51. The company has a market cap of $6.424 billion and a P/E ratio of 14.47.
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.
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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