Insider Selling: Herbalife (NYSE:HLF) COO Sells $496,214.61 in Stock

Herbalife Ltd (NYSE:HLFGet Free Report) COO Troy Hicks sold 38,377 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $12.93, for a total value of $496,214.61. Following the completion of the transaction, the chief operating officer directly owned 9,062 shares of the company’s stock, valued at approximately $117,171.66. This represents a 80.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Troy Hicks also recently made the following trade(s):

  • On Tuesday, May 19th, Troy Hicks sold 10,000 shares of Herbalife stock. The shares were sold at an average price of $12.32, for a total value of $123,200.00.

Herbalife Stock Performance

NYSE HLF opened at $12.43 on Friday. The business has a fifty day moving average price of $14.91 and a 200 day moving average price of $14.59. Herbalife Ltd has a one year low of $6.63 and a one year high of $20.40. The company has a market cap of $1.29 billion, a P/E ratio of 5.45, a P/E/G ratio of 0.76 and a beta of 0.98.

Herbalife (NYSE:HLFGet Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. Herbalife had a negative return on equity of 41.47% and a net margin of 4.67%.The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the company earned $0.59 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that Herbalife Ltd will post 2.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Mizuho set a $17.00 target price on Herbalife in a research note on Monday, May 4th. Royal Bank Of Canada cut their target price on Herbalife from $17.00 to $16.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 28th. Wall Street Zen raised Herbalife from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. Zacks Research downgraded Herbalife from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Herbalife in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Herbalife presently has a consensus rating of “Hold” and a consensus price target of $17.80.

Read Our Latest Research Report on HLF

Hedge Funds Weigh In On Herbalife

Hedge funds have recently modified their holdings of the business. Manatuck Hill Partners LLC increased its position in shares of Herbalife by 122.2% during the 3rd quarter. Manatuck Hill Partners LLC now owns 1,000,000 shares of the company’s stock worth $8,440,000 after purchasing an additional 550,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Herbalife by 29.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,877,717 shares of the company’s stock worth $27,638,000 after purchasing an additional 425,968 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in shares of Herbalife during the 3rd quarter worth about $3,550,000. Johnson Financial Group LLC increased its position in shares of Herbalife by 1,156.1% during the 4th quarter. Johnson Financial Group LLC now owns 414,500 shares of the company’s stock worth $5,343,000 after purchasing an additional 381,500 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Herbalife by 60.5% during the 3rd quarter. Invesco Ltd. now owns 763,857 shares of the company’s stock worth $6,447,000 after purchasing an additional 287,880 shares during the last quarter.

About Herbalife

(Get Free Report)

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.

See Also

Insider Buying and Selling by Quarter for Herbalife (NYSE:HLF)

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