Herbalife Nutrition (NYSE:HLF)‘s stock had its “hold” rating reissued by analysts at Royal Bank of Canada in a research report issued to clients and investors on Friday.
Several other research firms also recently commented on HLF. Zacks Investment Research raised shares of Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Friday, August 3rd. BMO Capital Markets reaffirmed a “hold” rating on shares of Herbalife Nutrition in a report on Friday. Pivotal Research reaffirmed a “buy” rating and issued a $62.00 price objective (down from $75.00) on shares of Herbalife Nutrition in a report on Wednesday, October 31st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Herbalife Nutrition in a report on Thursday, November 1st. Finally, ValuEngine raised shares of Herbalife Nutrition from a “hold” rating to a “buy” rating in a report on Tuesday, October 16th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Herbalife Nutrition has a consensus rating of “Buy” and a consensus target price of $58.75.
Herbalife Nutrition stock traded down $0.41 during mid-day trading on Friday, reaching $54.68. 549,290 shares of the company traded hands, compared to its average volume of 1,220,149. Herbalife Nutrition has a fifty-two week low of $32.13 and a fifty-two week high of $60.41. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 1.10 and a beta of 0.73.
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 Zacks’ consensus estimate of $0.67 by $0.07. Herbalife Nutrition had a net margin of 3.84% and a negative return on equity of 82.17%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business posted $0.41 EPS. Herbalife Nutrition’s revenue for the quarter was up 14.5% compared to the same quarter last year. Equities research analysts anticipate that Herbalife Nutrition will post 2.85 EPS for the current fiscal year.
In other news, COO David Pezzullo sold 99,875 shares of the company’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $55.29, for a total value of $5,522,088.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.19% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in HLF. Harvest Fund Management Co. Ltd boosted its holdings in Herbalife Nutrition by 315.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,129 shares of the company’s stock worth $116,000 after buying an additional 1,617 shares in the last quarter. First Hawaiian Bank purchased a new stake in Herbalife Nutrition during the third quarter worth $139,000. Point72 Hong Kong Ltd boosted its holdings in Herbalife Nutrition by 1,979.1% during the second quarter. Point72 Hong Kong Ltd now owns 2,890 shares of the company’s stock worth $155,000 after buying an additional 2,751 shares in the last quarter. Whittier Trust Co. boosted its holdings in Herbalife Nutrition by 100.0% during the second quarter. Whittier Trust Co. now owns 2,900 shares of the company’s stock worth $156,000 after buying an additional 1,450 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Herbalife Nutrition by 115.1% during the second quarter. PNC Financial Services Group Inc. now owns 3,259 shares of the company’s stock worth $176,000 after buying an additional 1,744 shares in the last quarter. 88.28% of the stock is currently owned by institutional investors and hedge funds.
Herbalife Nutrition Company Profile
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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