Herbalife Nutrition (NYSE:HLF)‘s stock had its “hold” rating reissued by investment analysts at BMO Capital Markets in a research report issued on Friday.
Several other equities research analysts also recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $65.00 price target on shares of Herbalife Nutrition in a research report on Thursday, November 1st. Pivotal Research reaffirmed a “buy” rating and issued a $62.00 price target (down from $75.00) on shares of Herbalife Nutrition in a research report on Wednesday, October 31st. ValuEngine raised Herbalife Nutrition from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. Finally, Zacks Investment Research raised Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Monday, October 15th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $58.75.
Shares of NYSE:HLF traded down $0.41 during midday trading on Friday, hitting $54.68. The company’s stock had a trading volume of 549,290 shares, compared to its average volume of 1,220,149. The company has a market cap of $8.60 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.10 and a beta of 0.73. Herbalife Nutrition has a fifty-two week low of $32.13 and a fifty-two week high of $60.41.
Herbalife Nutrition (NYSE:HLF) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.07. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Herbalife Nutrition had a negative return on equity of 82.17% and a net margin of 3.84%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. Research analysts predict that Herbalife Nutrition will post 2.85 EPS for the current fiscal year.
In related news, COO David Pezzullo sold 33,070 shares of Herbalife Nutrition stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $55.64, for a total transaction of $1,840,014.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.19% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Zacks Investment Management acquired a new stake in Herbalife Nutrition during the second quarter worth about $1,753,000. Teacher Retirement System of Texas lifted its stake in Herbalife Nutrition by 71.9% during the second quarter. Teacher Retirement System of Texas now owns 23,198 shares of the company’s stock worth $1,246,000 after purchasing an additional 9,702 shares during the period. NorthCoast Asset Management LLC bought a new position in Herbalife Nutrition during the second quarter worth about $21,267,000. Kiwi Wealth Investments Limited Partnership lifted its stake in Herbalife Nutrition by 76.2% during the second quarter. Kiwi Wealth Investments Limited Partnership now owns 30,516 shares of the company’s stock worth $1,639,000 after purchasing an additional 13,196 shares during the period. Finally, Jennison Associates LLC bought a new position in Herbalife Nutrition during the second quarter worth about $1,870,000. 88.28% of the stock is currently owned by institutional investors and hedge funds.
About Herbalife Nutrition
Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
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