Troy Hicks Sells 10,000 Shares of Herbalife (NYSE:HLF) Stock

Herbalife Ltd (NYSE:HLF) COO Troy Hicks sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $12.32, for a total transaction of $123,200.00. Following the completion of the sale, the chief operating officer owned 9,706 shares in the company, valued at approximately $119,577.92. This trade represents a 50.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Troy Hicks also recently made the following trade(s):

• On Monday, May 18th, Troy Hicks sold 38,377 shares of Herbalife stock. The stock was sold at an average price of $12.93, for a total transaction of $496,214.61.

Herbalife Price Performance

Shares of Herbalife stock traded up $0.42 during trading hours on Wednesday, reaching $12.58. The company’s stock had a trading volume of 1,468,403 shares, compared to its average volume of 1,390,377. The firm has a 50 day moving average price of $15.05 and a 200-day moving average price of $14.57. Herbalife Ltd has a one year low of $6.63 and a one year high of $20.40. The stock has a market cap of $1.30 billion, a P/E ratio of 5.52, a P/E/G ratio of 0.72 and a beta of 0.98.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Herbalife had a net margin of 4.67% and a negative return on equity of 41.47%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. As a group, sell-side analysts forecast that Herbalife Ltd will post 2.47 EPS for the current fiscal year.

Institutional Trading of Herbalife

Several institutional investors and hedge funds have recently modified their holdings of HLF. Caitong International Asset Management Co. Ltd bought a new stake in shares of Herbalife during the fourth quarter valued at approximately $32,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Herbalife during the third quarter valued at approximately $35,000. KBC Group NV bought a new stake in shares of Herbalife during the first quarter valued at approximately $44,000. Advisory Services Network LLC bought a new stake in shares of Herbalife during the third quarter valued at approximately $65,000. Finally, Quarry LP raised its stake in shares of Herbalife by 49,105.3% during the third quarter. Quarry LP now owns 9,349 shares of the company’s stock valued at $79,000 after acquiring an additional 9,330 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HLF. Zacks Research downgraded shares of Herbalife from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Citigroup reiterated a “buy” rating and set a $21.00 price target (up from $17.00) on shares of Herbalife in a report on Thursday, February 19th. Royal Bank Of Canada reduced their price target on shares of Herbalife from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 28th. Wall Street Zen upgraded shares of Herbalife from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Finally, Mizuho set a $17.00 target price on shares of Herbalife in a research note on Monday, May 4th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.80.

About Herbalife

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.