Wall Street Zen downgraded shares of Herbalife (NYSE:HLF – Free Report) from a buy rating to a hold rating in a research report report published on Saturday morning.
Several other research firms have also recently weighed in on HLF. Citigroup restated a “buy” rating and set a $17.00 price target (down from $21.00) on shares of Herbalife in a report on Friday. Mizuho set a $17.00 price objective on shares of Herbalife in a report on Monday, May 4th. Zacks Research lowered shares of Herbalife from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings cut shares of Herbalife from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 24th. Finally, Royal Bank Of Canada dropped their price target on shares of Herbalife from $17.00 to $16.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.00.
View Our Latest Stock Report on HLF
Herbalife Stock Up 7.2%
Herbalife (NYSE:HLF – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The firm had revenue of $1.33 billion during 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%.Herbalife’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 EPS. On average, research analysts anticipate that Herbalife will post 2.68 earnings per share for the current fiscal year.
Insider Activity
In other Herbalife news, COO Troy Hicks sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $12.32, for a total transaction of $123,200.00. Following the completion of the transaction, the chief operating officer owned 9,706 shares in the company, valued at approximately $119,577.92. This trade represents a 50.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frank Lamberti sold 134,982 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $13.50, for a total transaction of $1,822,257.00. Following the completion of the transaction, the insider owned 36,624 shares in the company, valued at $494,424. This trade represents a 78.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 191,296 shares of company stock valued at $2,551,678. Insiders own 5.13% of the company’s stock.
Hedge Funds Weigh In On Herbalife
A number of hedge funds have recently bought and sold shares of HLF. Landscape Capital Management L.L.C. bought a new stake in Herbalife during the fourth quarter valued at $1,795,000. Principal Financial Group Inc. bought a new position in shares of Herbalife in the 1st quarter worth about $1,809,000. Inspire Investing LLC raised its position in shares of Herbalife by 291.2% in the 1st quarter. Inspire Investing LLC now owns 141,277 shares of the company’s stock worth $2,080,000 after acquiring an additional 105,160 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of Herbalife in the 1st quarter valued at about $9,491,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Herbalife by 11.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,596,795 shares of the company’s stock valued at $38,225,000 after purchasing an additional 267,539 shares during the period.
About Herbalife
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.
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