Herbalife Sees Unusually High Options Volume (HLF)
Herbalife Ltd. (NYSE:HLF) saw unusually large options trading on Tuesday. Stock traders acquired 13,995 put options on the stock. This is an increase of approximately 257% compared to the average daily volume of 3,925 put options.
A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Herbalife from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. Tigress Financial assumed coverage on Herbalife in a research report on Monday, April 24th. They issued a “buy” rating for the company. TheStreet raised Herbalife from a “c” rating to a “b-” rating in a research report on Monday, April 17th. Citigroup Inc assumed coverage on Herbalife in a research report on Tuesday, March 14th. They issued a “neutral” rating and a $58.00 price objective for the company. Finally, Pivotal Research lowered their price objective on Herbalife from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, May 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $69.25.
Shares of Herbalife (NYSE:HLF) opened at 71.39 on Friday. Herbalife has a 52-week low of $47.62 and a 52-week high of $73.61. The firm’s 50-day moving average price is $65.38 and its 200-day moving average price is $56.68. The stock has a market cap of $6.50 billion, a P/E ratio of 24.75 and a beta of 1.70.
Herbalife (NYSE:HLF) last posted its quarterly earnings results on Thursday, May 4th. The company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.37. Herbalife had a net margin of 5.40% and a return on equity of 1,018.52%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business posted $1.36 earnings per share. Herbalife’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Herbalife will post $4.55 earnings per share for the current fiscal year.
In other Herbalife news, EVP Calero Miguel Angel Fernandez sold 30,401 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $72.02, for a total transaction of $2,189,480.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Tartol sold 2,758 shares of the firm’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $56.48, for a total value of $155,771.84. Following the transaction, the director now directly owns 201,486 shares of the company’s stock, valued at approximately $11,379,929.28. The disclosure for this sale can be found here. Insiders have sold 61,643 shares of company stock valued at $4,404,415 in the last three months. 4.91% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Icahn Carl C increased its position in Herbalife by 14.7% in the fourth quarter. Icahn Carl C now owns 22,500,000 shares of the company’s stock worth $1,083,150,000 after buying an additional 2,888,471 shares during the period. FMR LLC increased its position in Herbalife by 18.6% in the first quarter. FMR LLC now owns 7,358,472 shares of the company’s stock worth $427,821,000 after buying an additional 1,151,421 shares during the period. Route One Investment Company L.P. increased its position in Herbalife by 34.0% in the fourth quarter. Route One Investment Company L.P. now owns 5,233,452 shares of the company’s stock worth $251,938,000 after buying an additional 1,327,624 shares during the period. BlackRock Inc. increased its position in Herbalife by 19,647.9% in the first quarter. BlackRock Inc. now owns 3,149,983 shares of the company’s stock worth $183,139,000 after buying an additional 3,134,032 shares during the period. Finally, Norges Bank bought a new position in Herbalife during the fourth quarter worth $39,196,000.
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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. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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