Herbalife Ltd. (HLF) Sees Unusually-High Trading Volume
Shares of Herbalife Ltd. (NYSE:HLF) saw an uptick in trading volume on Thursday . 1,268,188 shares changed hands during mid-day trading, an increase of 4% from the previous session’s volume of 1,215,554 shares.The stock last traded at $59.50 and had previously closed at $59.41.
Several brokerages recently weighed in on HLF. TheStreet raised Herbalife to a “buy” rating in a report on Thursday, May 26th. SunTrust Banks Inc. reissued a “neutral” rating and issued a $66.00 price objective on shares of Herbalife in a report on Monday, May 9th. Pivotal Research reissued a “buy” rating and issued a $90.00 price objective on shares of Herbalife in a report on Sunday, May 8th. Zacks Investment Research raised Herbalife from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective for the company in a report on Wednesday, April 20th. Finally, Canaccord Genuity reissued a “neutral” rating on shares of Herbalife in a report on Sunday, April 17th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $67.22.
The firm’s 50 day moving average is $59.62 and its 200 day moving average is $56.07. The stock has a market capitalization of $5.51 billion and a PE ratio of 14.24.
Herbalife (NYSE:HLF) last posted its earnings results on Thursday, May 5th. The company reported $1.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.27. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company earned $1.29 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts anticipate that Herbalife Ltd. will post $4.82 EPS for the current year.
In other Herbalife news, Director Richard P. Bermingham sold 7,753 shares of the stock in a transaction on Friday, May 6th. The shares were sold at an average price of $66.00, for a total transaction of $511,698.00. Following the transaction, the director now directly owns 19,510 shares of the company’s stock, valued at $1,287,660. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jesus Alzarez sold 1,475 shares of the 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 transaction, the vice president now directly owns 1,042 shares in the company, valued at $64,791.56. The disclosure for this sale can be found here.
A number of institutional investors have bought and sold shares of the company. California State Teachers Retirement System increased its position in Herbalife by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 136,370 shares of the company’s stock valued at $7,312,000 after buying an additional 2,072 shares during the last quarter. American Century Companies Inc. increased its stake 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 valued at $4,912,000 after buying an additional 65,142 shares in the last quarter. California Public Employees Retirement System increased 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 in the last quarter. Stevens Capital Management LP increased its stake 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 in the last quarter. Finally, GSA Capital Partners LLP increased 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 in 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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