Herbalife LTD. Target of Unusually Large Options Trading (HLF)
Herbalife LTD. (NYSE:HLF) saw unusually large options trading on Tuesday. Stock traders acquired 7,191 put options on the stock. This is an increase of approximately 119% compared to the average daily volume of 3,285 put options.
Shares of Herbalife LTD. (NYSE:HLF) opened at 71.79 on Friday. Herbalife LTD. has a 12 month low of $47.62 and a 12 month high of $74.32. The stock has a market cap of $6.54 billion, a P/E ratio of 24.89 and a beta of 1.24. The stock has a 50 day moving average price of $69.81 and a 200-day moving average price of $58.52.
Herbalife LTD. (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 LTD. had a net margin of 5.58% and a return on equity of 262.58%. 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 LTD.’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts forecast that Herbalife LTD. will post $4.62 EPS for the current fiscal year.
In other news, EVP Calero Miguel Angel Fernandez sold 30,401 shares of Herbalife LTD. stock in a transaction on Friday, May 12th. The stock was sold at an average price of $72.02, for a total value of $2,189,480.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard P. Bermingham sold 7,510 shares of Herbalife LTD. stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $72.92, for a total value of $547,629.20. Following the completion of the sale, the director now directly owns 1,919 shares of the company’s stock, valued at approximately $139,933.48. The disclosure for this sale can be found here. Insiders have sold 58,885 shares of company stock valued at $4,248,643 in the last three months. 4.95% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the company. MAVEN SECURITIES Ltd bought a new position in Herbalife LTD. during the first quarter worth $146,000. BlueCrest Capital Management Ltd acquired a new position in Herbalife LTD. during the first quarter valued at approximately $201,000. Comerica Bank acquired a new position in Herbalife LTD. during the first quarter valued at approximately $216,000. Aberdeen Asset Management PLC UK increased its position in Herbalife LTD. by 15.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 4,577 shares of the company’s stock valued at $220,000 after buying an additional 600 shares during the last quarter. Finally, World Asset Management Inc acquired a new position in Herbalife LTD. during the first quarter valued at approximately $227,000.
HLF has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Herbalife LTD. from a “hold” rating to a “sell” rating in a research report on Monday, February 27th. Citigroup Inc. initiated coverage on Herbalife LTD. in a research report on Tuesday, March 14th. They issued a “neutral” rating and a $58.00 price objective for the company. TheStreet raised Herbalife LTD. from a “c” rating to a “b-” rating in a research report on Monday, April 17th. Tigress Financial initiated coverage on Herbalife LTD. in a research report on Monday, April 24th. They issued a “buy” rating for the company. Finally, Pivotal Research lowered their price objective on Herbalife LTD. from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, May 5th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Herbalife LTD. currently has a consensus rating of “Buy” and a consensus target price of $80.75.
About Herbalife LTD.
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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