Herbalife (NYSE:HLF – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.
A number of other analysts have also commented on HLF. UBS Group set a $21.00 price target on Herbalife in a report on Thursday. Weiss Ratings downgraded Herbalife from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 24th. Finally, Citigroup reissued a “buy” rating and issued a $17.00 target price (down from $21.00) on shares of Herbalife in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.67.
Read Our Latest Report on Herbalife
Herbalife Stock Up 0.0%
Herbalife (NYSE:HLF – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Herbalife had a negative return on equity of 43.90% and a net margin of 3.16%.The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 earnings per share. Equities analysts anticipate that Herbalife will post 2.68 EPS for the current fiscal year.
Herbalife announced that its board has initiated a stock repurchase program on Tuesday, September 8th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 19.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. KBC Group NV bought a new stake in shares of Herbalife during the 1st quarter worth approximately $44,000. EverSource Wealth Advisors LLC grew its stake in shares of Herbalife by 512.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the company’s stock valued at $84,000 after buying an additional 5,476 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Herbalife during the fourth quarter worth $114,000. Tidal Investments LLC acquired a new position in Herbalife during the second quarter worth $140,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Herbalife during the first quarter worth $152,000.
Herbalife Company Profile
Herbalife Ltd. (NYSE: HLF) is a global nutrition and wellness company that develops and sells products through a network of independent distributors. Its offerings are designed to support weight management, balanced nutrition, energy, sports performance and personal care.
The company’s product portfolio includes meal-replacement shakes, protein and fiber products, dietary supplements, vitamins, herbal teas, sports nutrition products and skin- and body-care items. Herbalife distributes its products in markets around the world, including North America, Latin America, Europe, Asia-Pacific and Africa, primarily through direct selling and independent members who provide product information and personalized support to consumers.
Herbalife was founded in 1980 by Mark Hughes and has since expanded from a primarily weight-management business into a broader nutrition and wellness enterprise.
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