Herbalife Ltd. (NYSE:HLF) has been given an average rating of “Hold” by the six research firms that are covering the stock. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $71.33.
Several research analysts have weighed in on the company. Pivotal Research reiterated a “buy” rating and set a $90.00 target price on shares of Herbalife in a report on Friday, January 20th. Citigroup Inc assumed coverage on Herbalife in a report on Tuesday, March 14th. They set a “neutral” rating and a $58.00 target price on the stock. Finally, Zacks Investment Research lowered Herbalife from a “hold” rating to a “sell” rating in a report on Wednesday, January 4th.
In other news, major shareholder Carl C. Icahn purchased 372,324 shares of the business’s stock in a transaction dated Friday, March 10th. The shares were bought at an average cost of $51.35 per share, for a total transaction of $19,118,837.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Tartol sold 2,758 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $56.48, for a total value of $155,771.84. Following the completion of the sale, the director now owns 201,486 shares in the company, valued at $11,379,929.28. The disclosure for this sale can be found here. Insiders own 4.91% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. World Asset Management Inc purchased a new position in shares of Herbalife during the third quarter worth about $213,000. Virginia Retirement Systems ET AL increased its position in shares of Herbalife by 5.3% in the third quarter. Virginia Retirement Systems ET AL now owns 4,000 shares of the company’s stock worth $248,000 after buying an additional 200 shares during the last quarter. Aberdeen Asset Management PLC UK increased its position in shares of Herbalife by 15.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 4,577 shares of the company’s stock worth $220,000 after buying an additional 600 shares during the last quarter. Jennison Associates LLC purchased a new position in shares of Herbalife during the third quarter worth about $294,000. Finally, Hollencrest Securities LLC purchased a new position in shares of Herbalife during the third quarter worth about $294,000.
Herbalife (NYSE:HLF) opened at 56.85 on Tuesday. Herbalife has a one year low of $47.62 and a one year high of $72.22. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 18.82 and a beta of 1.70. The stock’s 50 day moving average price is $56.91 and its 200-day moving average price is $56.02.
Herbalife (NYSE:HLF) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Herbalife had a return on equity of 1,018.52% and a net margin of 5.40%. The business earned $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm earned $1.19 earnings per share. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. Analysts forecast that Herbalife will post $3.96 earnings per share for the current year.
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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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