Herbalife LTD. (NYSE:HLF) Receives Consensus Rating of “Buy” from Analysts
Herbalife LTD. (NYSE:HLF) has earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $86.67.
A number of brokerages have recently weighed in on HLF. ValuEngine upgraded shares of Herbalife LTD. from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Pivotal Research boosted their price objective on shares of Herbalife LTD. from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, June 5th. Zacks Investment Research cut shares of Herbalife LTD. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Citigroup Inc. boosted their price objective on shares of Herbalife LTD. from $66.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 31st. Finally, Tigress Financial restated a “buy” rating on shares of Herbalife LTD. in a research note on Tuesday, June 6th.
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Shares of Herbalife LTD. (HLF) traded down 0.99% on Friday, reaching $69.99. 173,209 shares of the company’s stock traded hands. Herbalife LTD. has a 52 week low of $47.62 and a 52 week high of $74.49. The firm has a market capitalization of $6.38 billion, a P/E ratio of 24.27 and a beta of 1.22. The company’s 50-day moving average is $71.80 and its 200-day moving average is $62.58.
Herbalife LTD. (NYSE:HLF) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company earned $1.36 earnings per share. Herbalife LTD.’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities research analysts anticipate that Herbalife LTD. will post $4.62 earnings per share for the current fiscal year.
In related news, Director Richard P. Bermingham sold 7,510 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $72.92, for a total transaction of $547,629.20. Following the completion of the transaction, the director now directly owns 1,919 shares in the company, valued at approximately $139,933.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jesus Alzarez sold 1,214 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $71.53, for a total transaction of $86,837.42. Following the transaction, the vice president now owns 873 shares of the company’s stock, valued at $62,445.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,885 shares of company stock valued at $4,248,643. Corporate insiders own 4.95% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in Herbalife LTD. during the fourth quarter valued at approximately $364,000. Norges Bank bought a new position in Herbalife LTD. during the fourth quarter valued at approximately $39,196,000. Pekin Singer Strauss Asset Management IL boosted its position in Herbalife LTD. by 62.8% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 451,169 shares of the company’s stock valued at $21,719,000 after buying an additional 173,988 shares during the last quarter. Legal & General Group Plc boosted its position in Herbalife LTD. by 4.2% in the first quarter. Legal & General Group Plc now owns 364,589 shares of the company’s stock valued at $21,198,000 after buying an additional 14,755 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Herbalife LTD. by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 409,422 shares of the company’s stock valued at $19,711,000 after buying an additional 14,017 shares during the last quarter.
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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