Herbalife Ltd. (HLF) Given Average Recommendation of “Hold” by Analysts
Herbalife Ltd. (NYSE:HLF) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $67.43.
HLF has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Herbalife from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 18th. Pivotal Research reiterated a “buy” rating and issued a $90.00 target price on shares of Herbalife in a research note on Sunday, July 17th. SunTrust Banks Inc. reiterated a “neutral” rating and issued a $66.00 target price on shares of Herbalife in a research note on Friday, August 5th. Finally, TheStreet cut shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th.
Shares of Herbalife (NYSE:HLF) traded up 1.98% during trading on Tuesday, hitting $62.44. 419,192 shares of the company were exchanged. The firm has a market capitalization of $5.80 billion, a PE ratio of 21.40 and a beta of 1.83. Herbalife has a 12 month low of $42.26 and a 12 month high of $72.22. The firm’s 50-day moving average price is $61.90 and its 200 day moving average price is $61.60.
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Herbalife (NYSE:HLF) last released its earnings results on Wednesday, August 3rd. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.08. The company earned $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Herbalife had a net margin of 5.55% and a negative return on equity of 2,099.28%. Herbalife’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS. On average, equities research analysts expect that Herbalife will post $4.83 earnings per share for the current fiscal year.
In other news, major shareholder Carl C. Icahn bought 306,846 shares of the business’s stock in a transaction dated Wednesday, August 31st. The stock was purchased at an average cost of $60.39 per share, with a total value of $18,530,429.94. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Ibelis Fleming sold 9,729 shares of Herbalife stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $64.86, for a total transaction of $631,022.94. The disclosure for this sale can be found here. Insiders own 4.91% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Hollencrest Securities LLC purchased a new position in Herbalife during the third quarter valued at $294,000. Fox Run Management L.L.C. raised its position in Herbalife by 1.5% in the third quarter. Fox Run Management L.L.C. now owns 6,600 shares of the company’s stock valued at $409,000 after buying an additional 100 shares during the period. Eagle Boston Investment Management Inc. raised its position in Herbalife by 0.8% in the third quarter. Eagle Boston Investment Management Inc. now owns 98,050 shares of the company’s stock valued at $6,078,000 after buying an additional 775 shares during the period. Algert Global LLC raised its position in Herbalife by 27.8% in the third quarter. Algert Global LLC now owns 17,922 shares of the company’s stock valued at $1,111,000 after buying an additional 3,900 shares during the period. Finally, Sterling Capital Management LLC raised its position in Herbalife by 0.9% in the second quarter. Sterling Capital Management LLC now owns 35,110 shares of the company’s stock valued at $2,055,000 after buying an additional 330 shares during the period.
Herbalife Company Profile
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. The Company’s segments include North America; Mexico; South & Central America; Europe, Middle East, and Africa (EMEA); Asia Pacific, and China.
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