Traders Sell Herbalife Ltd. (HLF) on Strength (HLF)
Traders sold shares of Herbalife Ltd. (NYSE:HLF) on strength during trading on Friday. $624.90 million flowed into the stock on the tick-up and $664.14 million flowed out of the stock on the tick-down, for a money net flow of $39.24 million out of the stock. Of all companies tracked, Herbalife had the 0th highest net out-flow for the day. Herbalife traded up $5.89 for the day and closed at $65.25
Several equities analysts have recently commented on the company. TheStreet upgraded Herbalife to a “buy” rating in a research report on Thursday, May 26th. SunTrust Banks Inc. reiterated a “neutral” rating and set a $66.00 price objective on shares of Herbalife in a research report on Monday, May 9th. Pivotal Research reiterated a “buy” rating and set a $90.00 price objective on shares of Herbalife in a research report on Sunday, May 8th. Zacks Investment Research upgraded Herbalife from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective on the stock in a research report on Wednesday, April 20th. Finally, Canaccord Genuity reiterated a “neutral” rating on shares of Herbalife in a research report on Sunday, April 17th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $67.22.
The company has a market capitalization of $6.06 billion and a P/E ratio of 15.65. The firm’s 50 day moving average is $59.79 and its 200 day moving average is $56.14.
Herbalife (NYSE:HLF) last announced its quarterly earnings data on Thursday, May 5th. The company reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.27. During the same quarter in the previous year, the firm earned $1.29 earnings per share. The business earned $1.12 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Herbalife’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts predict that Herbalife Ltd. will post $4.82 earnings per share for the current fiscal year.
In other news, VP Jesus Alzarez sold 1,475 shares of the business’s stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $62.18, for a total value of $91,715.50. Following the transaction, the vice president now directly owns 1,042 shares in the company, valued at $64,791.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard P. Bermingham sold 7,753 shares of the business’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $66.00, for a total value of $511,698.00. Following the completion of the transaction, the director now owns 19,510 shares in the company, valued at $1,287,660. The disclosure for this sale can be found here.
Several institutional investors have made changes to their positions in the stock. Stevens Capital Management LP increased its position in shares of Herbalife by 92.8% in the fourth quarter. Stevens Capital Management LP now owns 35,241 shares of the company’s stock valued at $1,890,000 after buying an additional 16,962 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Herbalife by 26.7% in the fourth quarter. GSA Capital Partners LLP now owns 71,917 shares of the company’s stock valued at $3,856,000 after buying an additional 15,177 shares during the period. California Public Employees Retirement System boosted its stake 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 valued at $19,351,000 after buying an additional 10,300 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 valued at $20,785,000 after buying an additional 12,500 shares during the period. Finally, UBS Oconnor LLC boosted its stake 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 valued at $95,204,000 after buying an additional 249,031 shares during the period.
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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