Herbalife Ltd. (NYSE:HLF) shares dropped 2.2% during trading on Wednesday . The company traded as low as $61.71 and last traded at $62.12, with a volume of 1,361,109 shares changing hands. The stock had previously closed at $63.52.

HLF has been the topic of a number of recent analyst reports. TheStreet raised shares of Herbalife to a “buy” rating in a research report on Thursday, May 26th. SunTrust Banks Inc. reaffirmed a “neutral” rating and issued a $66.00 target price on shares of Herbalife in a research 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 target price on the stock in a research report on Friday, August 5th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $90.00 target price on shares of Herbalife in a research 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 stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $68.72.

The stock has a 50-day moving average of $64.65 and a 200 day moving average of $59.48. The firm has a market cap of $5.75 billion and a P/E ratio of 21.22.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.08. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Herbalife’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, analysts anticipate that Herbalife Ltd. will post $4.83 earnings per share for the current fiscal year.

In related news, insider Shin-Shing Bosco Chiu sold 2,000 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $68.00, for a total value of $136,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Ibelis Fleming sold 9,729 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $64.86, for a total transaction 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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