Several other research firms have also weighed in on HLF. Citigroup dropped their price target on Herbalife Nutrition from $46.00 to $36.00 in a research report on Wednesday, May 4th. Argus cut Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research downgraded Herbalife Nutrition from a “hold” rating to a “strong sell” rating in a research note on Friday, May 6th. B. Riley reduced their price objective on shares of Herbalife Nutrition from $50.00 to $41.00 in a research note on Wednesday, May 4th. Finally, Jefferies Financial Group downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating and lowered their price target for the company from $60.00 to $26.00 in a report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Herbalife Nutrition currently has an average rating of “Hold” and an average price target of $39.50.
Shares of NYSE HLF traded up $0.33 during mid-day trading on Friday, reaching $21.89. The company had a trading volume of 1,411,224 shares, compared to its average volume of 1,453,139. The company has a 50-day moving average price of $28.32 and a two-hundred day moving average price of $36.30. The stock has a market cap of $2.37 billion, a PE ratio of 5.87 and a beta of 1.07. Herbalife Nutrition has a 1-year low of $21.06 and a 1-year high of $55.78.
Herbalife Nutrition (NYSE:HLF – Get Rating) last posted its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company earned $1.42 EPS. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. Sell-side analysts predict that Herbalife Nutrition will post 3.5 earnings per share for the current fiscal year.
In other Herbalife Nutrition news, CEO John O. Agwunobi bought 4,222 shares of the company’s 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 transaction, the chief executive officer now owns 134,745 shares of the company’s stock, valued at approximately $3,173,244.75. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Alan L. Hoffman bought 4,540 shares of the business’s stock in a transaction on Tuesday, May 17th. The stock was bought at an average cost of $21.97 per share, for a total transaction of $99,743.80. Following the purchase, the executive vice president now directly owns 57,218 shares of the company’s stock, valued at approximately $1,257,079.46. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 58,080 shares of company stock worth $1,269,132. 0.66% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the stock. First Republic Investment Management Inc. grew its holdings in shares of Herbalife Nutrition by 6.1% in the 1st quarter. First Republic Investment Management Inc. now owns 20,505 shares of the company’s stock valued at $623,000 after buying an additional 1,175 shares during the period. Route One Investment Company L.P. increased its stake in Herbalife Nutrition by 10.2% during the 1st quarter. Route One Investment Company L.P. now owns 10,043,232 shares of the company’s stock worth $304,913,000 after purchasing an additional 930,500 shares in the last quarter. Solel Partners LP acquired a new stake in Herbalife Nutrition during the 1st quarter worth approximately $3,188,000. Engineers Gate Manager LP increased its position in shares of Herbalife Nutrition by 151.2% during the first quarter. Engineers Gate Manager LP now owns 21,173 shares of the company’s stock worth $643,000 after acquiring an additional 12,745 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in shares of Herbalife Nutrition in the 1st quarter valued at about $1,497,000.
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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