Herbalife Ltd. (HLF) Trading Down 2.2%
Shares of Herbalife Ltd. (NYSE:HLF) were down 2.2% on Wednesday . The company traded as low as $61.71 and last traded at $62.12, with a volume of 1,361,109 shares. The stock had previously closed at $63.52.
A number of analysts have weighed in on HLF shares. TheStreet raised shares of Herbalife to a “buy” rating in a report on Thursday, May 26th. SunTrust Banks Inc. reissued a “neutral” rating and set a $66.00 price objective on shares of Herbalife in a report on Monday, May 9th. Zacks Investment Research raised shares of Herbalife from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Friday, August 5th. Finally, Pivotal Research reissued a “buy” rating and set a $90.00 price objective on shares of Herbalife in a report on Sunday, July 17th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Herbalife presently has a consensus rating of “Hold” and an average price target of $68.72.
The company’s 50-day moving average price is $64.53 and its 200 day moving average price is $59.45. The firm has a market cap of $5.70 billion and a price-to-earnings ratio of 21.01.
Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.08. The firm earned $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the business earned $1.24 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. Equities analysts predict that Herbalife Ltd. will post $4.83 earnings per share for the current fiscal year.
In other news, insider Shin-Shing Bosco Chiu sold 2,000 shares of the stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $68.00, for a total transaction of $136,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ibelis Fleming sold 9,729 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $64.86, for a total value of $631,022.94. The disclosure for this sale can be found here.
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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