Herbalife LTD. (NYSE:HLF) Given “Buy” Rating at Pivotal Research
Herbalife LTD. (NYSE:HLF)‘s stock had its “buy” rating restated by equities researchers at Pivotal Research in a research report issued on Thursday. They currently have a $120.00 target price on the stock. Pivotal Research’s price target points to a potential upside of 67.08% from the stock’s previous close.
The analysts wrote, “We expect adjusted EPS of $1.14, vs $1.29 LY, down 11.4%. Street consensus is $1.12 and company guidance is for $0.95-$1.15. The 2Q17 will be the most challenging quarter of the year given that volume rose 9% in 2Q16 and was up 13.6% in North America LY. Volume is guided to down 4%-8% and net sales are guided to down 2%-6%. We expect sales to decline 5% and volume to decline 6%.””
Other equities analysts also recently issued research reports about the stock. Citigroup Inc. raised their target price on shares of Herbalife LTD. from $66.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, May 31st. Tigress Financial reaffirmed a “buy” rating on shares of Herbalife LTD. in a report on Tuesday, June 6th. TheStreet raised shares of Herbalife LTD. from a “c” rating to a “b-” rating in a report on Monday, April 17th. Zacks Investment Research raised shares of Herbalife LTD. from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Finally, ValuEngine raised shares of Herbalife LTD. from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $80.75.
Herbalife LTD. (NYSE HLF) opened at 71.82 on Thursday. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 24.90 and a beta of 1.22. Herbalife LTD. has a 1-year low of $47.62 and a 1-year high of $74.49. The firm has a 50-day moving average of $71.83 and a 200-day moving average of $62.52.
Herbalife LTD. (NYSE:HLF) last announced its earnings results on Thursday, May 4th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.37. Herbalife LTD. had a net margin of 5.58% and a return on equity of 262.58%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned $1.36 earnings per share. Herbalife LTD.’s revenue was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that Herbalife LTD. will post $4.62 EPS for the current year.
In related news, Director Richard P. Bermingham sold 7,510 shares of Herbalife LTD. stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $72.92, for a total value of $547,629.20. Following the sale, the director now directly owns 1,919 shares in the company, valued at approximately $139,933.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jesus Alzarez sold 1,214 shares of Herbalife LTD. stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $71.53, for a total transaction of $86,837.42. Following the completion of the sale, the vice president now owns 873 shares in the company, valued at $62,445.69. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,885 shares of company stock worth $4,248,643. 4.95% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of HLF. New York State Teachers Retirement System increased its stake in shares of Herbalife LTD. by 1.6% in the fourth quarter. New York State Teachers Retirement System now owns 6,500 shares of the company’s stock valued at $313,000 after buying an additional 100 shares in the last quarter. Janus Capital Management LLC increased its stake in shares of Herbalife LTD. by 2.0% in the fourth quarter. Janus Capital Management LLC now owns 6,791 shares of the company’s stock valued at $327,000 after buying an additional 134 shares in the last quarter. Virginia Retirement Systems ET AL increased its stake in shares of Herbalife LTD. by 2.2% in the first quarter. Virginia Retirement Systems ET AL now owns 9,300 shares of the company’s stock valued at $541,000 after buying an additional 200 shares in the last quarter. Point View Wealth Management Inc. increased its stake in shares of Herbalife LTD. by 7.1% in the first quarter. Point View Wealth Management Inc. now owns 10,149 shares of the company’s stock valued at $590,000 after buying an additional 672 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Herbalife LTD. by 0.6% in the first quarter. Swiss National Bank now owns 115,236 shares of the company’s stock valued at $6,700,000 after buying an additional 700 shares in the last quarter.
Herbalife LTD. 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. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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