Herbalife Nutrition (NYSE:HLF) PT Lowered to $57.00 at Citigroup

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Herbalife Nutrition (NYSE:HLF) had its target price decreased by Citigroup from $66.00 to $57.00 in a report issued on Friday morning, The Fly reports. Citigroup currently has a buy rating on the stock.

A number of other brokerages have also weighed in on HLF. Argus lowered Herbalife Nutrition from a buy rating to a hold rating in a report on Wednesday, April 10th. BMO Capital Markets reaffirmed a hold rating and issued a $9.00 price objective on shares of Herbalife Nutrition in a report on Friday, May 17th. Finally, ValuEngine raised Herbalife Nutrition from a sell rating to a hold rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $55.17.

NYSE HLF opened at $38.11 on Friday. Herbalife Nutrition has a 52-week low of $36.62 and a 52-week high of $61.77. The business’s 50-day moving average is $41.66. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 13.23 and a beta of 0.43.

Herbalife Nutrition (NYSE:HLF) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.05). Herbalife Nutrition had a net margin of 6.05% and a negative return on equity of 55.20%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the firm posted $0.80 EPS. Herbalife Nutrition’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities research analysts forecast that Herbalife Nutrition will post 2.6 earnings per share for the current fiscal year.

In other news, SVP Edi Hienrich sold 738 shares of Herbalife Nutrition stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $47.62, for a total transaction of $35,143.56. Following the completion of the sale, the senior vice president now directly owns 22,246 shares in the company, valued at approximately $1,059,354.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.31% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of HLF. Acadian Asset Management LLC lifted its position in shares of Herbalife Nutrition by 41.9% during the 1st quarter. Acadian Asset Management LLC now owns 2,426,254 shares of the company’s stock valued at $128,572,000 after acquiring an additional 716,942 shares during the period. SG Americas Securities LLC lifted its position in shares of Herbalife Nutrition by 100.6% during the 1st quarter. SG Americas Securities LLC now owns 2,580 shares of the company’s stock valued at $137,000 after acquiring an additional 457,013 shares during the period. Norges Bank acquired a new stake in shares of Herbalife Nutrition during the 4th quarter valued at approximately $25,653,000. CIBC World Markets Inc. lifted its position in shares of Herbalife Nutrition by 196.9% during the 1st quarter. CIBC World Markets Inc. now owns 205,238 shares of the company’s stock valued at $10,876,000 after acquiring an additional 417,075 shares during the period. Finally, BlackRock Inc. lifted its position in shares of Herbalife Nutrition by 7.3% during the 1st quarter. BlackRock Inc. now owns 5,639,064 shares of the company’s stock valued at $298,812,000 after acquiring an additional 383,340 shares during the period. Institutional investors own 95.55% of the company’s stock.

Herbalife Nutrition Company Profile

Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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Analyst Recommendations for Herbalife Nutrition (NYSE:HLF)

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