Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Herbalife Nutrition from a sell rating to a hold rating in a research report on Wednesday, February 23rd. B. Riley reduced their price objective on shares of Herbalife Nutrition from $58.00 to $50.00 in a research report on Thursday, February 24th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Buy and an average price target of $50.17.
Shares of HLF opened at $30.27 on Friday. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 7.38 and a beta of 1.05. Herbalife Nutrition has a 1-year low of $28.73 and a 1-year high of $55.78. The company’s fifty day simple moving average is $35.54 and its 200 day simple moving average is $39.84.
Herbalife Nutrition (NYSE:HLF – Get Rating) last released its quarterly earnings data on Wednesday, February 23rd. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.02). Herbalife Nutrition had a negative return on equity of 38.29% and a net margin of 7.71%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm earned $0.71 earnings per share. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, analysts predict that Herbalife Nutrition will post 4.21 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in HLF. Morgan Stanley lifted its position in Herbalife Nutrition by 28.8% during the second quarter. Morgan Stanley now owns 317,348 shares of the company’s stock worth $16,734,000 after purchasing an additional 70,957 shares during the period. New York State Teachers Retirement System lifted its position in Herbalife Nutrition by 14.1% during the third quarter. New York State Teachers Retirement System now owns 8,900 shares of the company’s stock worth $377,000 after purchasing an additional 1,100 shares during the period. Westpac Banking Corp lifted its position in Herbalife Nutrition by 33.3% during the third quarter. Westpac Banking Corp now owns 9,995 shares of the company’s stock worth $424,000 after purchasing an additional 2,495 shares during the period. Victory Capital Management Inc. lifted its position in Herbalife Nutrition by 34.8% during the third quarter. Victory Capital Management Inc. now owns 532,379 shares of the company’s stock worth $22,562,000 after purchasing an additional 137,327 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in Herbalife Nutrition by 1.2% during the third quarter. Treasurer of the State of North Carolina now owns 37,805 shares of the company’s stock worth $1,602,000 after purchasing an additional 439 shares during the period.
About Herbalife Nutrition (Get Rating)
Herbalife Nutrition Ltd. is a holding company, which engages in the development and sale of nutrition solutions. It operates through the following segments: North America, Mexico, South and Central America, Europe, Middle East, and Africa, Asia pacific, and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in George Town, Cayman Islands.
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