Herbalife Ltd. (HLF) Receives Consensus Recommendation of “Hold” from Brokerages
Herbalife Ltd. (NYSE:HLF) has been assigned an average recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $86.67.
Several brokerages recently issued reports on HLF. Citigroup reiterated a “hold” rating and issued a $73.00 target price (up from $71.00) on shares of Herbalife in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Herbalife from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine upgraded shares of Herbalife from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 22nd. SunTrust Banks reiterated a “hold” rating and issued a $67.00 target price on shares of Herbalife in a research report on Friday, November 10th. Finally, Pivotal Research reiterated a “buy” rating and issued a $120.00 target price on shares of Herbalife in a research report on Tuesday, October 3rd.
In other Herbalife news, insider Shin-Shing Bosco Chiu sold 2,380 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $69.98, for a total transaction of $166,552.40. Following the completion of the sale, the insider now directly owns 5,000 shares in the company, valued at $349,900. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Thomas Harms sold 8,532 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $68.49, for a total transaction of $584,356.68. Following the transaction, the senior vice president now directly owns 1,000 shares of the company’s stock, valued at $68,490. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,444 shares of company stock valued at $1,335,266. Company insiders own 4.95% of the company’s stock.
Several large investors have recently modified their holdings of HLF. FMR LLC raised its stake in shares of Herbalife by 9.1% during the second quarter. FMR LLC now owns 8,025,946 shares of the company’s stock valued at $572,490,000 after acquiring an additional 667,474 shares during the last quarter. Think Investments LP raised its stake in shares of Herbalife by 44.6% during the third quarter. Think Investments LP now owns 633,583 shares of the company’s stock valued at $42,976,000 after acquiring an additional 195,483 shares during the last quarter. Stonehill Capital Management LLC raised its stake in Herbalife by 43.8% in the third quarter. Stonehill Capital Management LLC now owns 512,211 shares of the company’s stock worth $34,743,000 after buying an additional 155,912 shares in the last quarter. UBS Oconnor LLC raised its stake in Herbalife by 15.0% in the second quarter. UBS Oconnor LLC now owns 1,062,200 shares of the company’s stock worth $75,767,000 after buying an additional 138,428 shares in the last quarter. Finally, Cowen Inc. bought a new position in Herbalife in the third quarter worth about $8,025,000.
Herbalife (NYSE:HLF) opened at $69.35 on Friday. Herbalife has a 1 year low of $49.12 and a 1 year high of $79.64. The company has a market cap of $6,050.00, a price-to-earnings ratio of 15.73 and a beta of 1.25. The company has a current ratio of 2.65, a quick ratio of 2.24 and a debt-to-equity ratio of 9.94.
Herbalife (NYSE:HLF) last announced its earnings results on Thursday, November 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. Herbalife had a net margin of 8.60% and a return on equity of 176.64%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. sell-side analysts anticipate that Herbalife will post 4.55 earnings per share for the current fiscal year.
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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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