Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) has been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $36.80.
A number of equities analysts have recently issued reports on the stock. Argus lowered shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. StockNews.com upgraded shares of Herbalife Nutrition from a “hold” rating to a “buy” rating in a research report on Saturday, May 28th. Jefferies Financial Group downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating and reduced their target price for the company from $60.00 to $26.00 in a report on Wednesday, May 4th. Citigroup reduced their target price on Herbalife Nutrition from $46.00 to $36.00 in a report on Wednesday, May 4th. Finally, Zacks Investment Research downgraded Herbalife Nutrition from a “hold” rating to a “strong sell” rating in a report on Friday, May 6th.
In other Herbalife Nutrition news, CEO John O. Agwunobi purchased 4,222 shares of the stock in a transaction on Tuesday, May 10th. The stock was bought at an average price of $23.55 per share, for a total transaction of $99,428.10. Following the acquisition, the chief executive officer now directly owns 134,745 shares of the company’s stock, valued at $3,173,244.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President John Desimone purchased 43,478 shares of the stock in a transaction on Wednesday, May 11th. The stock was acquired at an average price of $21.54 per share, with a total value of $936,516.12. Following the acquisition, the president now directly owns 123,452 shares in the company, valued at $2,659,156.08. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 63,080 shares of company stock valued at $1,372,132. 0.66% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of HLF. Morgan Stanley grew its holdings in Herbalife Nutrition by 28.8% in the 2nd quarter. Morgan Stanley now owns 317,348 shares of the company’s stock valued at $16,734,000 after buying an additional 70,957 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Herbalife Nutrition by 4.1% during the 3rd quarter. Alliancebernstein L.P. now owns 55,394 shares of the company’s stock worth $2,348,000 after purchasing an additional 2,186 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Herbalife Nutrition by 54.5% during the 3rd quarter. Hsbc Holdings PLC now owns 32,178 shares of the company’s stock worth $1,371,000 after purchasing an additional 11,346 shares during the period. Trexquant Investment LP purchased a new stake in shares of Herbalife Nutrition during the 3rd quarter worth about $306,000. Finally, Martingale Asset Management L P grew its holdings in shares of Herbalife Nutrition by 109.6% during the 3rd quarter. Martingale Asset Management L P now owns 36,979 shares of the company’s stock worth $1,568,000 after purchasing an additional 19,336 shares during the period.
NYSE HLF opened at $21.72 on Thursday. The firm’s 50-day moving average is $26.43 and its two-hundred day moving average is $35.15. Herbalife Nutrition has a 12 month low of $20.12 and a 12 month high of $55.78. The stock has a market capitalization of $2.35 billion, a P/E ratio of 5.82 and a beta of 1.07.
Herbalife Nutrition (NYSE:HLF – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.12. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Herbalife Nutrition had a net margin of 7.06% and a negative return on equity of 33.49%. The business’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 earnings per share. On average, equities research analysts anticipate that Herbalife Nutrition will post 3.5 EPS for the current fiscal year.
Herbalife Nutrition Company Profile (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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