According to Zacks, “Herbalife is a global network marketing company offering a range of science-based weight management products, nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle. “
Several other research firms have also commented on HLF. SunTrust Banks Inc. reaffirmed a neutral rating and issued a $66.00 price target on shares of Herbalife in a report on Friday, August 5th. TheStreet lowered shares of Herbalife from a buy rating to a hold rating in a report on Tuesday, August 9th. Finally, Pivotal Research reaffirmed a buy rating and issued a $90.00 price target on shares of Herbalife in a report on Sunday, July 17th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $67.38.
Shares of Herbalife (NYSE:HLF) opened at 63.24 on Wednesday. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 21.67 and a beta of 1.83. The stock has a 50 day moving average of $61.93 and a 200 day moving average of $61.58. Herbalife has a 52-week low of $42.26 and a 52-week high of $72.22.
Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.08. Herbalife had a net margin of 5.55% and a negative return on equity of 2,099.28%. The business earned $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $1.24 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, analysts predict that Herbalife will post $1.30 EPS for the current fiscal year.
In other news, major shareholder Carl C. Icahn acquired 2,304,683 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were purchased at an average cost of $59.31 per share, for a total transaction of $136,690,748.73. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shin-Shing Bosco Chiu sold 2,000 shares of Herbalife stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $68.00, for a total transaction of $136,000.00. The disclosure for this sale can be found here. 4.91% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Herbalife during the first quarter valued at $123,000. First Midwest Bank Trust Division bought a new stake in Herbalife during the second quarter worth approximately $209,000. Bbva Compass Bancshares Inc. bought a new stake in Herbalife during the second quarter worth approximately $211,000. Sei Investments Co. increased its stake in Herbalife by 10.1% in the second quarter. Sei Investments Co. now owns 3,673 shares of the company’s stock worth $215,000 after buying an additional 337 shares during the period. Finally, Virginia Retirement Systems ET AL bought a new stake in Herbalife during the second quarter worth approximately $222,000.
Herbalife Company Profile
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. The Company’s segments include North America; Mexico; South & Central America; Europe, Middle East, and Africa (EMEA); Asia Pacific, and China.
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