StockNews.com Downgrades Herbalife Nutrition (NYSE:HLF) to Hold


Herbalife Nutrition (NYSE:HLFGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

Several other equities analysts also recently weighed in on HLF. B. Riley cut their target price on Herbalife Nutrition from $50.00 to $41.00 in a research report on Wednesday, May 4th. Citigroup cut their target price on Herbalife Nutrition from $46.00 to $36.00 in a research report on Wednesday, May 4th. Argus downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. Zacks Investment Research downgraded Herbalife Nutrition from a “hold” rating to a “strong sell” rating in a research report on Friday, May 6th. Finally, Jefferies Financial Group downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating and cut their target price for the company from $60.00 to $26.00 in a research report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Herbalife Nutrition presently has a consensus rating of “Hold” and an average target price of $39.50.

NYSE:HLF opened at $21.97 on Friday. Herbalife Nutrition has a 1 year low of $20.12 and a 1 year high of $55.78. The stock’s 50 day simple moving average is $26.08 and its two-hundred day simple moving average is $34.82. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 5.89 and a beta of 1.08.

Herbalife Nutrition (NYSE:HLFGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business 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 posted $1.42 EPS. The company’s revenue was down 11.1% compared to the same quarter last year. On average, equities research analysts expect that Herbalife Nutrition will post 3.5 EPS for the current fiscal year.

In other news, President John Desimone bought 43,478 shares of Herbalife Nutrition stock in a transaction on Wednesday, May 11th. The stock was acquired at an average cost of $21.54 per share, for a total transaction of $936,516.12. Following the completion of the acquisition, the president now owns 123,452 shares of the company’s stock, valued at approximately $2,659,156.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John O. Agwunobi purchased 4,222 shares of the stock in a transaction dated Tuesday, May 10th. The stock was purchased at an average price of $23.55 per share, for a total transaction of $99,428.10. Following the completion of the acquisition, the chief executive officer now directly owns 134,745 shares in the company, valued at approximately $3,173,244.75. The disclosure for this purchase can be found here. Insiders acquired a total of 63,080 shares of company stock valued at $1,372,132 over the last quarter. Company insiders own 0.66% of the company’s stock.

Several hedge funds have recently modified their holdings of HLF. First Republic Investment Management Inc. lifted its stake in shares of Herbalife Nutrition by 6.1% during the first quarter. First Republic Investment Management Inc. now owns 20,505 shares of the company’s stock worth $623,000 after buying an additional 1,175 shares during the period. Route One Investment Company L.P. raised its stake 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 worth $304,913,000 after acquiring an additional 930,500 shares during the last quarter. Solel Partners LP purchased a new stake in Herbalife Nutrition during the 1st quarter valued at about $3,188,000. Engineers Gate Manager LP increased its holdings in shares of Herbalife Nutrition by 151.2% in the first quarter. Engineers Gate Manager LP now owns 21,173 shares of the company’s stock valued at $643,000 after purchasing an additional 12,745 shares during the period. Finally, Graham Capital Management L.P. purchased a new position in shares of Herbalife Nutrition in the first quarter worth about $1,497,000.

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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Analyst Recommendations for Herbalife Nutrition (NYSE:HLF)



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