Evoke Wealth LLC Takes Position in Herbalife Ltd $HLF

Evoke Wealth LLC acquired a new stake in shares of Herbalife Ltd (NYSE:HLF) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 204,529 shares of the company’s stock, valued at approximately $2,636,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. ProShare Advisors LLC increased its position in Herbalife by 8.2% during the 4th quarter. ProShare Advisors LLC now owns 18,711 shares of the company’s stock worth $241,000 after purchasing an additional 1,419 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Herbalife during the 4th quarter worth approximately $209,000. Tweedy Browne Co LLC increased its position in Herbalife by 16.6% during the 4th quarter. Tweedy Browne Co LLC now owns 51,480 shares of the company’s stock worth $664,000 after purchasing an additional 7,344 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in Herbalife during the 4th quarter worth approximately $119,000. Finally, Pictet Asset Management Holding SA acquired a new stake in Herbalife during the 4th quarter worth approximately $162,000.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Herbalife in a research report on Friday, May 8th. Wall Street Zen raised shares of Herbalife from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Zacks Research downgraded shares of Herbalife from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Mizuho set a $17.00 target price on shares of Herbalife in a research report on Monday, May 4th. Finally, Royal Bank Of Canada dropped their target price on shares of Herbalife from $17.00 to $16.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.80.

Herbalife Stock Down 2.1%

NYSE HLF opened at $12.43 on Friday. The stock has a market cap of $1.29 billion, a PE ratio of 5.45, a P/E/G ratio of 0.74 and a beta of 0.98. Herbalife Ltd has a fifty-two week low of $6.63 and a fifty-two week high of $20.40. The business has a 50 day moving average price of $14.91 and a two-hundred day moving average price of $14.59.

Herbalife (NYSE:HLF) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Herbalife had a negative return on equity of 41.47% and a net margin of 4.67%.Herbalife’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 EPS. Sell-side analysts anticipate that Herbalife Ltd will post 2.47 EPS for the current fiscal year.

Insider Activity at Herbalife

In other news, insider Frank Lamberti sold 134,982 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $13.50, for a total transaction of $1,822,257.00. Following the completion of the transaction, the insider directly owned 36,624 shares in the company, valued at approximately $494,424. This represents a 78.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Troy Hicks sold 38,377 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $12.93, for a total value of $496,214.61. Following the transaction, the chief operating officer owned 9,062 shares of the company’s stock, valued at approximately $117,171.66. This trade represents a 80.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 191,296 shares of company stock valued at $2,551,678. Company insiders own 5.13% of the company’s stock.

Herbalife Profile

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.