Herbalife Ltd. (NYSE:HLF)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $99.83 and last traded at $99.91, with a volume of 892424 shares changing hands. The stock had previously closed at $99.53.
Several equities research analysts have recently weighed in on HLF shares. ValuEngine upgraded Herbalife from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 22nd. Pivotal Research reiterated a “buy” rating and issued a $120.00 price objective on shares of Herbalife in a research note on Thursday, January 25th. Zacks Investment Research upgraded Herbalife from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Citigroup upgraded Herbalife from a “neutral” rating to a “buy” rating and upped their price objective for the company from $85.00 to $114.00 in a research note on Monday, March 5th. Finally, TheStreet lowered Herbalife from a “b-” rating to a “c” rating in a research note on Monday, March 5th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Herbalife has a consensus rating of “Buy” and a consensus target price of $104.60.
The firm has a market cap of $8,740.00, a P/E ratio of 22.27 and a beta of 1.20. The company has a debt-to-equity ratio of -6.47, a quick ratio of 1.68 and a current ratio of 2.05.
Herbalife (NYSE:HLF) last released its quarterly earnings data on Thursday, February 22nd. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.33. Herbalife had a return on equity of 457.78% and a net margin of 4.83%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the company posted $1.00 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. equities research analysts forecast that Herbalife Ltd. will post 5.3 earnings per share for the current fiscal year.
In other news, EVP Mark J. Schissel sold 3,747 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $65.57, for a total value of $245,690.79. Following the transaction, the executive vice president now directly owns 11,524 shares of the company’s stock, valued at approximately $755,628.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shin-Shing Bosco Chiu sold 2,380 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $69.98, for a total value of $166,552.40. Following the completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at $349,900. The disclosure for this sale can be found here. Insiders sold a total of 104,143 shares of company stock worth $8,785,829 over the last three months. 4.95% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Oberndorf William E lifted its holdings in Herbalife by 34.9% during the 3rd quarter. Oberndorf William E now owns 195,660 shares of the company’s stock worth $13,272,000 after buying an additional 50,660 shares in the last quarter. Cowen Inc. acquired a new position in shares of Herbalife in the 3rd quarter valued at $8,025,000. SG Americas Securities LLC lifted its stake in shares of Herbalife by 60.9% in the 4th quarter. SG Americas Securities LLC now owns 48,100 shares of the company’s stock valued at $3,257,000 after purchasing an additional 18,214 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Herbalife by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 428,764 shares of the company’s stock valued at $29,083,000 after purchasing an additional 5,932 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of Herbalife by 2.3% in the 3rd quarter. New York State Common Retirement Fund now owns 153,800 shares of the company’s stock valued at $10,432,000 after purchasing an additional 3,500 shares during the period. 99.51% of the stock is currently owned by institutional investors and hedge funds.
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Herbalife Company Profile
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.
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