Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) has received an average recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $36.80.
Several equities analysts recently issued reports on the company. Citigroup cut their target price on Herbalife Nutrition from $46.00 to $36.00 in a research report on Wednesday, May 4th. B. Riley lowered their target price on shares of Herbalife Nutrition from $50.00 to $41.00 in a research note on Wednesday, May 4th. Zacks Investment Research lowered shares of Herbalife Nutrition from a “hold” rating to a “strong sell” rating in a research note on Friday, May 6th. StockNews.com raised shares of Herbalife Nutrition from a “hold” rating to a “buy” rating in a research note on Saturday, May 28th. Finally, Argus lowered shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research note on Tuesday, May 17th.
In other news, EVP Alan L. Hoffman purchased 4,540 shares of the business’s stock in a transaction dated Tuesday, May 17th. The stock was acquired at an average price of $21.97 per share, for a total transaction of $99,743.80. Following the acquisition, the executive vice president now directly owns 57,218 shares of the company’s stock, valued at $1,257,079.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael Johnson purchased 5,840 shares of the business’s stock in a transaction dated Thursday, May 12th. The shares were purchased at an average price of $22.85 per share, with a total value of $133,444.00. Following the acquisition, the director now directly owns 255,387 shares in the company, valued at $5,835,592.95. The disclosure for this purchase can be found here. Insiders have bought a total of 63,080 shares of company stock valued at $1,372,132 in the last 90 days. Insiders own 0.66% of the company’s stock.
A number of institutional investors have recently bought and sold shares of HLF. Windacre Partnership LLC acquired a new stake in Herbalife Nutrition in the 4th quarter valued at approximately $109,087,000. First Pacific Advisors LP acquired a new stake in Herbalife Nutrition in the 1st quarter valued at approximately $32,594,000. Route One Investment Company L.P. increased its holdings in Herbalife Nutrition by 10.2% in the 1st quarter. Route One Investment Company L.P. now owns 10,043,232 shares of the company’s stock valued at $304,913,000 after purchasing an additional 930,500 shares during the last quarter. Norges Bank acquired a new stake in Herbalife Nutrition in the 4th quarter valued at approximately $34,641,000. Finally, Deccan Value Investors L.P. increased its holdings in Herbalife Nutrition by 26.3% in the 3rd quarter. Deccan Value Investors L.P. now owns 3,745,293 shares of the company’s stock valued at $158,726,000 after purchasing an additional 780,218 shares during the last quarter.
Herbalife Nutrition stock opened at $21.72 on Thursday. The business has a fifty day moving average of $26.43 and a two-hundred day moving average of $35.15. The firm has a market cap of $2.35 billion, a P/E ratio of 5.82 and a beta of 1.07. Herbalife Nutrition has a twelve month low of $20.12 and a twelve month high of $55.78.
Herbalife Nutrition (NYSE:HLF – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.87 by $0.12. Herbalife Nutrition had a negative return on equity of 33.49% and a net margin of 7.06%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business posted $1.42 EPS. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. Research analysts anticipate that Herbalife Nutrition will post 3.5 earnings per share for the current year.
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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