Herbalife Ltd. (HLF) Cut to “Hold” at Zacks Investment Research
According to Zacks, “Herbalife is a global network marketing company offering a range of science-based weight management products, nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle. “
A number of other equities research analysts have also recently commented on HLF. SunTrust Banks Inc. restated a neutral rating and set a $66.00 target price on shares of Herbalife in a research report on Friday, August 5th. TheStreet cut Herbalife from a buy rating to a hold rating in a research report on Tuesday, August 9th. Finally, Pivotal Research restated a buy rating and set a $90.00 target price on shares of Herbalife in a research report on Sunday, July 17th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Herbalife currently has a consensus rating of Hold and an average target price of $67.38.
Shares of Herbalife (NYSE:HLF) opened at 63.49 on Wednesday. Herbalife has a 52 week low of $42.26 and a 52 week high of $72.22. The company has a market capitalization of $5.90 billion, a PE ratio of 21.76 and a beta of 1.83. The firm’s 50-day moving average price is $61.94 and its 200 day moving average price is $61.57.
Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.08. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Herbalife had a negative return on equity of 2,099.28% and a net margin of 5.55%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $1.24 EPS. Equities analysts predict that Herbalife will post $1.30 EPS for the current year.
In other Herbalife news, SVP Ibelis Fleming sold 9,729 shares of the firm’s 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shin-Shing Bosco Chiu sold 2,000 shares of the firm’s 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 disclosure for this sale can be found here. 4.91% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NINE MASTS CAPITAL Ltd acquired a new position in Herbalife during the first quarter worth $123,000. First Midwest Bank Trust Division acquired a new position in Herbalife during the second quarter worth $209,000. Bbva Compass Bancshares Inc. acquired a new position in Herbalife during the second quarter worth $211,000. Sei Investments Co. raised its position in Herbalife by 10.1% in the second quarter. Sei Investments Co. now owns 3,673 shares of the company’s stock worth $215,000 after buying an additional 337 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new position in Herbalife during the second quarter worth $222,000.
Herbalife Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Herbalife Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herbalife Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.