Herbalife Nutrition’s (HLF) “Buy” Rating Reiterated at Pivotal Research

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Pivotal Research reissued their buy rating on shares of Herbalife Nutrition (NYSE:HLF) in a research note issued to investors on Friday, Briefing.com Automated Import reports. Pivotal Research currently has a $65.00 price objective on the stock, down from their prior price objective of $75.00.

HLF has been the topic of a number of other reports. Argus lowered shares of Herbalife Nutrition from a buy rating to a hold rating in a research note on Wednesday, April 10th. Citigroup lowered their target price on shares of Herbalife Nutrition from $66.00 to $57.00 and set a buy rating on the stock in a research note on Friday. BMO Capital Markets reiterated a hold rating and issued a $9.00 target price on shares of Herbalife Nutrition in a research note on Friday, May 17th. Finally, ValuEngine upgraded shares of Herbalife Nutrition from a sell rating to a hold rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $55.17.

NYSE:HLF opened at $38.11 on Friday. Herbalife Nutrition has a 1 year low of $36.62 and a 1 year high of $61.77. The firm has a fifty day moving average price of $41.66. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 13.23 and a beta of 0.43.

Herbalife Nutrition (NYSE:HLF) last posted its earnings results on Thursday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. Equities research analysts forecast that Herbalife Nutrition will post 2.6 EPS for the current fiscal year.

In other Herbalife Nutrition news, SVP Edi Hienrich sold 738 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $47.62, for a total value of $35,143.56. Following 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.31% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of HLF. Raymond James & Associates acquired a new stake in Herbalife Nutrition in the 4th quarter worth $372,000. Stifel Financial Corp lifted its holdings in shares of Herbalife Nutrition by 25.4% during the 4th quarter. Stifel Financial Corp now owns 12,172 shares of the company’s stock worth $717,000 after acquiring an additional 2,467 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Herbalife Nutrition by 843.5% during the 4th quarter. Principal Financial Group Inc. now owns 113,641 shares of the company’s stock worth $6,699,000 after acquiring an additional 101,597 shares during the period. Norges Bank bought a new position in shares of Herbalife Nutrition during the 4th quarter worth about $25,653,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Herbalife Nutrition by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 1,135,217 shares of the company’s stock worth $66,920,000 after acquiring an additional 55,198 shares during the period. Institutional investors own 95.55% of the company’s stock.

About Herbalife Nutrition

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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