Herbalife Ltd (NYSE:HLF) Receives Average Rating of “Hold” from Brokerages

Shares of Herbalife Ltd (NYSE:HLF) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $17.80.

Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Herbalife from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Royal Bank Of Canada reduced their target price on Herbalife from $17.00 to $16.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 28th. Wall Street Zen raised Herbalife from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Weiss Ratings raised Herbalife from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Finally, Mizuho set a $17.00 price target on Herbalife in a research note on Monday, May 4th.

Herbalife Stock Up 2.2%

Shares of HLF stock opened at $12.51 on Thursday. The firm has a 50 day moving average of $12.46 and a 200-day moving average of $14.76. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 5.48, a price-to-earnings-growth ratio of 0.67 and a beta of 0.86. Herbalife has a 52 week low of $7.56 and a 52 week high of $20.40.

Herbalife (NYSE:HLF) last released its earnings results on Wednesday, May 6th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Herbalife had a net margin of 4.67% and a negative return on equity of 41.47%. Herbalife’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 EPS. Analysts anticipate that Herbalife will post 2.68 earnings per share for the current year.

Insider Activity at Herbalife

In other news, COO Troy Hicks sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $12.32, for a total transaction of $123,200.00. Following the completion of the sale, the chief operating officer owned 9,706 shares in the company, valued at $119,577.92. The trade was a 50.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Frank Lamberti sold 134,982 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $13.50, for a total value of $1,822,257.00. Following the completion of the transaction, the insider owned 36,624 shares in the company, valued at approximately $494,424. This represents a 78.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 191,296 shares of company stock valued at $2,551,678. Corporate insiders own 5.13% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings in shares of Herbalife by 236.8% during the first quarter. AQR Capital Management LLC now owns 133,245 shares of the company’s stock valued at $1,150,000 after buying an additional 93,686 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Herbalife by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,964 shares of the company’s stock worth $517,000 after acquiring an additional 2,523 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Herbalife by 12.9% in the 1st quarter. Empowered Funds LLC now owns 30,301 shares of the company’s stock worth $261,000 after acquiring an additional 3,474 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Herbalife by 3.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,904 shares of the company’s stock worth $1,820,000 after acquiring an additional 6,747 shares during the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in Herbalife in the 2nd quarter valued at about $118,000.

Herbalife Company Profile

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.