Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) Director Alan W. Lefevre acquired 5,000 shares of the stock in a transaction dated Tuesday, May 24th. The shares were bought at an average cost of $20.60 per share, for a total transaction of $103,000.00. Following the acquisition, the director now owns 29,984 shares in the company, valued at approximately $617,670.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
HLF stock traded up $0.58 during midday trading on Wednesday, hitting $21.06. 1,005,547 shares of the company’s stock were exchanged, compared to its average volume of 1,440,828. The stock’s fifty day moving average price is $27.81 and its 200-day moving average price is $35.94. The company has a market cap of $2.28 billion, a PE ratio of 5.56 and a beta of 1.07. Herbalife Nutrition Ltd. has a one year low of $20.12 and a one year high of $55.78.
Herbalife Nutrition (NYSE:HLF – Get Rating) last posted its earnings results on Tuesday, May 3rd. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.12. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.38 billion. Herbalife Nutrition had a negative return on equity of 33.49% and a net margin of 7.06%. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 earnings per share. On average, analysts predict that Herbalife Nutrition Ltd. will post 3.5 earnings per share for the current fiscal year.
Several equities analysts have issued reports on HLF shares. StockNews.com downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Friday, May 20th. Zacks Investment Research cut Herbalife Nutrition from a “hold” rating to a “strong sell” rating in a research note on Friday, May 6th. Citigroup decreased their price objective on Herbalife Nutrition from $46.00 to $36.00 in a research note on Wednesday, May 4th. Jefferies Financial Group cut Herbalife Nutrition from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $60.00 to $26.00 in a research note on Wednesday, May 4th. Finally, Argus cut Herbalife Nutrition from a “buy” rating to a “hold” rating in a research note on Tuesday, May 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.50.
Institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Herbalife Nutrition by 4.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 102,183 shares of the company’s stock valued at $4,182,000 after purchasing an additional 4,023 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Herbalife Nutrition in the third quarter valued at about $6,085,000. University of Notre Dame DU Lac lifted its holdings in shares of Herbalife Nutrition by 10.9% in the third quarter. University of Notre Dame DU Lac now owns 23,695 shares of the company’s stock valued at $1,004,000 after purchasing an additional 2,324 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in shares of Herbalife Nutrition in the fourth quarter valued at about $370,000. Finally, Connectus Wealth LLC bought a new stake in shares of Herbalife Nutrition in the fourth quarter valued at about $601,000.
About Herbalife Nutrition (Get Rating)
Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
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