Herbalife Ltd (NYSE:HLF – Get Free Report) has been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $17.67.
Several brokerages recently weighed in on HLF. Texas Capital upgraded shares of Herbalife to a “strong-buy” rating in a report on Thursday, September 17th. Citigroup reaffirmed a “buy” rating and set a $17.00 target price (down from $21.00) on shares of Herbalife in a report on Friday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Herbalife in a research report on Thursday. UBS Group set a $21.00 price target on Herbalife in a research note on Thursday, September 17th. Finally, Zacks Research upgraded Herbalife from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 30th.
Check Out Our Latest Stock Analysis on Herbalife
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of HLF. Squarepoint Ops LLC boosted its stake in Herbalife by 39.4% in the 2nd quarter. Squarepoint Ops LLC now owns 428,376 shares of the company’s stock worth $5,633,000 after purchasing an additional 121,026 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Herbalife in the second quarter valued at approximately $1,372,000. Bank of New York Mellon Corp acquired a new stake in shares of Herbalife in the second quarter valued at approximately $5,842,000. Engineers Gate Manager LP grew its position in Herbalife by 154.1% in the second quarter. Engineers Gate Manager LP now owns 202,483 shares of the company’s stock valued at $2,663,000 after purchasing an additional 122,788 shares in the last quarter. Finally, Corient Private Wealth LP grew its position in Herbalife by 697.8% in the second quarter. Corient Private Wealth LP now owns 179,125 shares of the company’s stock valued at $2,355,000 after purchasing an additional 156,672 shares in the last quarter.
Herbalife Stock Down 2.7%
Shares of NYSE HLF opened at $13.40 on Friday. Herbalife has a 12-month low of $7.56 and a 12-month high of $20.40. The firm’s 50-day simple moving average is $12.62 and its 200 day simple moving average is $13.00. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 0.46 and a beta of 0.78.
Herbalife (NYSE:HLF – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). Herbalife had a net margin of 3.16% and a negative return on equity of 43.90%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $0.59 earnings per share. Herbalife’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Herbalife will post 2.68 earnings per share for the current year.
Herbalife declared that its Board of Directors has initiated a share buyback program on Tuesday, September 8th that authorizes the company to buy back $250.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 19.3% of its shares through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
Herbalife Company Profile
Herbalife Ltd. (NYSE: HLF) is a global nutrition and wellness company that develops and distributes products through a network of independent members and distributors. Its offerings include meal-replacement shakes, protein and other dietary supplements, vitamins, sports nutrition products, and personal-care items.
Founded in 1980 by Mark Hughes, Herbalife sells its products through direct-selling channels rather than primarily through traditional retail stores. Independent distributors market the products, provide product guidance, and may operate nutrition clubs or similar community-based businesses.
The company serves customers across numerous markets in North America, Latin America, Europe, Asia-Pacific, and other regions.
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