State Board of Administration of Florida Retirement System decreased its stake in shares of Herbalife LTD. (NYSE:HLF) by 1.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 107,705 shares of the company’s stock after selling 2,010 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.12% of Herbalife LTD. worth $7,306,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. Victory Capital Management Inc. purchased a new stake in Herbalife LTD. in the third quarter valued at $1,145,000. First Quadrant L P CA purchased a new stake in Herbalife LTD. in the third quarter valued at $464,000. Aperio Group LLC raised its position in Herbalife LTD. by 6.2% in the third quarter. Aperio Group LLC now owns 25,887 shares of the company’s stock valued at $1,756,000 after purchasing an additional 1,503 shares during the period. First Trust Advisors LP raised its position in Herbalife LTD. by 28.3% in the third quarter. First Trust Advisors LP now owns 220,671 shares of the company’s stock valued at $14,968,000 after purchasing an additional 48,644 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in Herbalife LTD. in the third quarter valued at $237,000.
A number of equities research analysts have commented on HLF shares. Zacks Investment Research upgraded Herbalife LTD. from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Thursday, August 3rd. Citigroup Inc. restated a “hold” rating and issued a $73.00 target price (up previously from $71.00) on shares of Herbalife LTD. in a research report on Tuesday, October 3rd. Tigress Financial restated a “buy” rating on shares of Herbalife LTD. in a research report on Monday, August 21st. SunTrust Banks, Inc. set a $67.00 target price on Herbalife LTD. and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine upgraded Herbalife LTD. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $83.25.
Shares of Herbalife LTD. (NYSE:HLF) opened at $65.49 on Monday. Herbalife LTD. has a one year low of $47.62 and a one year high of $79.64. The company has a quick ratio of 2.24, a current ratio of 2.65 and a debt-to-equity ratio of 9.94. The firm has a market capitalization of $5,710.54, a price-to-earnings ratio of 14.33 and a beta of 1.32.
Herbalife LTD. (NYSE:HLF) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.82 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.82. Herbalife LTD. had a return on equity of 176.64% and a net margin of 8.60%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. sell-side analysts predict that Herbalife LTD. will post 4.55 EPS for the current fiscal year.
WARNING: This piece was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://ledgergazette.com/2017/11/13/state-board-of-administration-of-florida-retirement-system-has-7-31-million-position-in-herbalife-ltd-hlf.html.
About Herbalife LTD.
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
Want to see what other hedge funds are holding HLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Herbalife LTD. (NYSE:HLF).
Receive News & Ratings for Herbalife LTD. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herbalife LTD. and related companies with MarketBeat.com's FREE daily email newsletter.