Herbalife EVP Robert Levy Purchases 1,000 Shares (HLF)
Herbalife (NYSE:HLF) EVP Robert Levy bought 1,000 shares of the stock on the open market in a transaction dated Friday, August 1st. The stock was purchased at an average cost of $52.83 per share, for a total transaction of $52,830.00. Following the completion of the transaction, the executive vice president now directly owns 170,481 shares in the company, valued at approximately $9,006,511. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Wedbush cut their price target on shares of Herbalife from $90.00 to $85.00 in a research note on Thursday. Separately, analysts at Zacks downgraded shares of Herbalife from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $70.20 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $86.74.
Shares of Herbalife (NYSE:HLF) traded down 2.42% during mid-day trading on Monday, hitting $51.30. 3,705,774 shares of the company’s stock traded hands. Herbalife has a 52 week low of $49.35 and a 52 week high of $83.51. The stock’s 50-day moving average is $63.25 and its 200-day moving average is $62.55. The company has a market cap of $4.708 billion and a price-to-earnings ratio of 11.64.
Herbalife (NYSE:HLF) last released its earnings data on Monday, July 28th. The company reported $1.55 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.57 by $0.02. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that Herbalife will post $6.29 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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