Herbalife Ltd. (NYSE:HLF)’s share price rose 3.7% during mid-day trading on Wednesday . The stock traded as high as $60.86 and last traded at $60.42, with a volume of 2,339,543 shares trading hands. The stock had previously closed at $58.25.

HLF has been the subject of several research analyst reports. Pivotal Research reiterated a “buy” rating and issued a $90.00 price objective on shares of Herbalife in a research report on Sunday, May 8th. TheStreet upgraded Herbalife to a “buy” rating in a research report on Thursday, May 26th. Canaccord Genuity reissued a “neutral” rating on shares of Herbalife in a research note on Sunday, April 17th. SunTrust Banks Inc. reissued a “neutral” rating and issued a $66.00 target price on shares of Herbalife in a research note on Monday, May 9th. Finally, Zacks Investment Research raised Herbalife from a “hold” rating to a “strong-buy” rating and set a $67.00 target price for the company in a research note on Wednesday, April 20th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $67.22.

The company has a 50 day moving average price of $59.58 and a 200 day moving average price of $55.84. The company has a market capitalization of $5.61 billion and a price-to-earnings ratio of 14.49.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Thursday, May 5th. The company reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.27. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company earned $1.29 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts anticipate that Herbalife Ltd. will post $4.82 EPS for the current year.

In other Herbalife news, VP Jesus Alzarez sold 1,475 shares of the company’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $62.18, for a total transaction of $91,715.50. Following the completion of the sale, the vice president now directly owns 1,042 shares in the company, valued at $64,791.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard P. Bermingham sold 7,753 shares of the company’s stock in a transaction on Friday, May 6th. The stock was sold at an average price of $66.00, for a total value of $511,698.00. Following the sale, the director now owns 19,510 shares of the company’s stock, valued at $1,287,660. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently made changes to their positions in HLF. UBS Oconnor LLC boosted its position in shares of Herbalife by 16.3% in the fourth quarter. UBS Oconnor LLC now owns 1,775,533 shares of the company’s stock worth $95,204,000 after buying an additional 249,031 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Herbalife by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 387,621 shares of the company’s stock worth $20,785,000 after buying an additional 12,500 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Herbalife by 2.9% in the fourth quarter. California Public Employees Retirement System now owns 360,900 shares of the company’s stock worth $19,351,000 after buying an additional 10,300 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Herbalife by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 136,370 shares of the company’s stock worth $7,312,000 after buying an additional 2,072 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Herbalife by 246.2% in the fourth quarter. American Century Companies Inc. now owns 91,606 shares of the company’s stock worth $4,912,000 after buying an additional 65,142 shares during the last quarter.

Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. The Company’s segments include North America; Mexico; South & Central America; Europe, Middle East, and Africa (EMEA); Asia Pacific, and China.

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