Herbalife Ltd. (NYSE:HLF) EVP Henry C. Wang Purchases 2,778 Shares of Stock

Herbalife Ltd. (NYSE:HLF) EVP Henry C. Wang acquired 2,778 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average price of $9.30 per share, with a total value of $25,835.40. Following the completion of the transaction, the executive vice president now owns 176,194 shares in the company, valued at $1,638,604.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Herbalife Stock Performance

Shares of NYSE HLF opened at $9.48 on Thursday. The stock has a market cap of $945.51 million, a PE ratio of 6.67 and a beta of 1.21. Herbalife Ltd. has a fifty-two week low of $6.68 and a fifty-two week high of $19.48. The stock has a fifty day moving average of $10.12 and a 200-day moving average of $12.56.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.10). Herbalife had a negative return on equity of 19.56% and a net margin of 2.81%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm earned $0.53 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts predict that Herbalife Ltd. will post 1.8 EPS for the current year.

Institutional Trading of Herbalife

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its holdings in Herbalife by 1.1% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 67,737 shares of the company’s stock worth $1,348,000 after purchasing an additional 705 shares during the period. Ameritas Investment Partners Inc. lifted its stake in Herbalife by 9.9% in the second quarter. Ameritas Investment Partners Inc. now owns 8,166 shares of the company’s stock worth $108,000 after purchasing an additional 736 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Herbalife by 6.5% during the first quarter. Envestnet Asset Management Inc. now owns 12,308 shares of the company’s stock valued at $374,000 after acquiring an additional 747 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Herbalife by 3.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 26,496 shares of the company’s stock valued at $404,000 after acquiring an additional 929 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in Herbalife by 150.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 1,900 shares of the company’s stock worth $31,000 after buying an additional 1,140 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. DA Davidson decreased their target price on Herbalife from $11.00 to $9.50 and set a “neutral” rating for the company in a research note on Monday. Mizuho reduced their price objective on Herbalife from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Finally, Bank of America reduced their price objective on Herbalife from $10.00 to $8.00 and set an “underperform” rating for the company in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.50.

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.