Herbalife Ltd. (NYSE:HLF) Director Donal L. Mulligan Buys 30,000 Shares of Stock

Herbalife Ltd. (NYSE:HLF) Director Donal L. Mulligan acquired 30,000 shares of Herbalife stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average cost of $9.65 per share, with a total value of $289,500.00. Following the purchase, the director now owns 60,000 shares in the company, valued at approximately $579,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Herbalife Stock Performance

NYSE:HLF opened at $9.73 on Tuesday. The firm’s 50-day moving average is $8.84 and its 200-day moving average is $11.49. Herbalife Ltd. has a 52-week low of $6.68 and a 52-week high of $19.48. The company has a market cap of $972.69 million, a price-to-earnings ratio of 7.10 and a beta of 1.24.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.12. Herbalife had a net margin of 2.70% and a negative return on equity of 19.97%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. Equities analysts predict that Herbalife Ltd. will post 1.69 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HLF shares. StockNews.com raised shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. DA Davidson reissued a “neutral” rating and set a $9.50 target price on shares of Herbalife in a research report on Thursday, May 2nd. Mizuho cut their target price on shares of Herbalife from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. Finally, Bank of America cut their target price on shares of Herbalife from $10.00 to $8.00 and set an “underperform” rating for the company in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Herbalife currently has an average rating of “Hold” and a consensus price target of $10.50.

Institutional Trading of Herbalife

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLF. Principal Financial Group Inc. increased its stake in Herbalife by 44.0% in the third quarter. Principal Financial Group Inc. now owns 53,296 shares of the company’s stock valued at $746,000 after acquiring an additional 16,275 shares during the period. Bronte Capital Management Pty Ltd. increased its stake in Herbalife by 3.5% in the third quarter. Bronte Capital Management Pty Ltd. now owns 3,121,467 shares of the company’s stock valued at $43,669,000 after acquiring an additional 104,567 shares during the period. Jump Financial LLC increased its stake in Herbalife by 230.8% in the third quarter. Jump Financial LLC now owns 67,623 shares of the company’s stock valued at $946,000 after acquiring an additional 47,182 shares during the period. Swiss National Bank increased its stake in Herbalife by 1.2% in the third quarter. Swiss National Bank now owns 217,472 shares of the company’s stock valued at $3,042,000 after acquiring an additional 2,500 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Herbalife by 9.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,507 shares of the company’s stock valued at $24,378,000 after acquiring an additional 147,003 shares during the period.

Herbalife Company Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.