Herbalife Nutrition Ltd (NYSE:HLF) has been assigned a consensus rating of “Buy” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $59.42.
Several equities analysts have recently issued reports on the company. Jefferies Financial Group set a $65.00 price target on Herbalife Nutrition and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets reaffirmed a “hold” rating on shares of Herbalife Nutrition in a research note on Friday, November 9th. Tigress Financial reaffirmed a “buy” rating on shares of Herbalife Nutrition in a research note on Friday, November 16th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Herbalife Nutrition in a research note on Friday, November 9th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $62.00 price target (down previously from $75.00) on shares of Herbalife Nutrition in a research note on Wednesday, October 31st.
In other news, COO David Pezzullo sold 33,070 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $55.64, for a total transaction of $1,840,014.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.19% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Zacks Investment Management acquired a new position in Herbalife Nutrition in the second quarter valued at about $1,753,000. Teacher Retirement System of Texas lifted its stake in Herbalife Nutrition by 71.9% in the second quarter. Teacher Retirement System of Texas now owns 23,198 shares of the company’s stock valued at $1,246,000 after buying an additional 9,702 shares during the period. NorthCoast Asset Management LLC acquired a new position in Herbalife Nutrition in the second quarter valued at about $21,267,000. Kiwi Wealth Investments Limited Partnership lifted its stake in Herbalife Nutrition by 76.2% in the second quarter. Kiwi Wealth Investments Limited Partnership now owns 30,516 shares of the company’s stock valued at $1,639,000 after buying an additional 13,196 shares during the period. Finally, Jennison Associates LLC acquired a new position in Herbalife Nutrition in the second quarter valued at about $1,870,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.
Herbalife Nutrition stock traded down $0.07 on Monday, reaching $56.47. The company’s stock had a trading volume of 1,470,200 shares, compared to its average volume of 934,874. Herbalife Nutrition has a twelve month low of $33.22 and a twelve month high of $60.41. The firm has a market cap of $8.83 billion, a P/E ratio of 23.24, a P/E/G ratio of 1.13 and a beta of 0.72.
Herbalife Nutrition (NYSE:HLF) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. Herbalife Nutrition had a negative return on equity of 82.17% and a net margin of 3.84%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, equities analysts forecast that Herbalife Nutrition will post 2.85 EPS for the current year.
Herbalife Nutrition Company Profile
Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
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