Herbalife Nutrition Ltd. (NYSE:HLF) Sees Large Decline in Short Interest


Herbalife Nutrition Ltd. (NYSE:HLFGet Rating) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 5,440,000 shares, a decrease of 16.9% from the April 30th total of 6,550,000 shares. Based on an average daily volume of 1,550,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 5.7% of the company’s shares are sold short.

A number of research firms have issued reports on HLF. Jefferies Financial Group lowered Herbalife Nutrition from a “buy” rating to a “hold” rating and reduced their price target for the company from $60.00 to $26.00 in a research report on Wednesday, May 4th. StockNews.com raised Herbalife Nutrition from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup reduced their price target on Herbalife Nutrition from $46.00 to $36.00 in a research report on Wednesday, May 4th. Zacks Investment Research lowered Herbalife Nutrition from a “hold” rating to a “strong sell” rating in a research report on Friday, May 6th. Finally, B. Riley reduced their price target on Herbalife Nutrition from $50.00 to $41.00 in a research report on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $39.50.

In other news, Director Alan W. Lefevre bought 5,000 shares of the stock in a transaction that occurred on Tuesday, May 24th. The stock was bought at an average cost of $20.60 per share, for a total transaction of $103,000.00. Following the acquisition, the director now directly owns 29,984 shares of the company’s stock, valued at approximately $617,670.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President John Desimone bought 43,478 shares of the stock in a transaction that occurred on Wednesday, May 11th. The shares were purchased at an average price of $21.54 per share, with a total value of $936,516.12. Following the completion of 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. Over the last quarter, insiders have bought 63,080 shares of company stock valued at $1,372,132. Company insiders own 0.66% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gables Capital Management Inc. purchased a new position in shares of Herbalife Nutrition in the 4th quarter valued at approximately $33,000. Johnson Financial Group Inc. purchased a new position in shares of Herbalife Nutrition in the 4th quarter valued at approximately $109,000. Islay Capital Management LLC grew its stake in shares of Herbalife Nutrition by 18.3% in the 4th quarter. Islay Capital Management LLC now owns 2,712 shares of the company’s stock valued at $111,000 after purchasing an additional 419 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Herbalife Nutrition in the 1st quarter valued at approximately $122,000. Finally, Advisor Group Holdings Inc. grew its stake in shares of Herbalife Nutrition by 50.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 4,243 shares of the company’s stock valued at $128,000 after purchasing an additional 1,415 shares during the last quarter.

HLF opened at $22.41 on Tuesday. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 6.01 and a beta of 1.07. Herbalife Nutrition has a 52 week low of $20.12 and a 52 week high of $55.78. The business’s 50 day moving average is $26.87 and its two-hundred day moving average is $35.33.

Herbalife Nutrition (NYSE:HLFGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.87 by $0.12. The company 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 firm’s revenue was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 earnings per share. On average, sell-side analysts predict that Herbalife Nutrition will post 3.5 earnings per share 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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