Dimensional Fund Advisors LP reduced its stake in Herbalife Ltd. (NYSE:HLF - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,090,108 shares of the company's stock after selling 55,120 shares during the period. Dimensional Fund Advisors LP owned approximately 1.08% of Herbalife worth $7,293,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Herbalife by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company's stock valued at $75,406,000 after acquiring an additional 785,574 shares during the period. Renaissance Technologies LLC increased its holdings in Herbalife by 9.9% in the 4th quarter. Renaissance Technologies LLC now owns 7,088,868 shares of the company's stock valued at $47,425,000 after purchasing an additional 638,567 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Herbalife by 777.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,987,490 shares of the company's stock valued at $19,986,000 after purchasing an additional 2,646,848 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Herbalife by 8.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,696,560 shares of the company's stock valued at $18,040,000 after purchasing an additional 216,603 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Herbalife by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 2,680,425 shares of the company's stock worth $17,936,000 after purchasing an additional 64,911 shares in the last quarter.
Insider Activity at Herbalife
In related news, Director Juan Miguel Mendoza acquired 5,000 shares of Herbalife stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $8.25 per share, for a total transaction of $41,250.00. Following the transaction, the director now owns 132,500 shares of the company's stock, valued at $1,093,125. This represents a 3.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 12,500 shares of company stock valued at $94,900 over the last quarter. 1.73% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Citigroup dropped their price objective on Herbalife from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. StockNews.com cut Herbalife from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 29th. Finally, DA Davidson upgraded shares of Herbalife from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $7.50 to $14.00 in a research note on Friday, March 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $11.50.
Check Out Our Latest Research Report on HLF
Herbalife Stock Performance
Shares of Herbalife stock opened at $6.74 on Monday. The business has a 50-day simple moving average of $7.60 and a 200-day simple moving average of $7.26. Herbalife Ltd. has a one year low of $5.04 and a one year high of $12.79. The company has a market cap of $686.45 million, a PE ratio of 2.71, a P/E/G ratio of 0.29 and a beta of 0.88.
Herbalife (NYSE:HLF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.40 by $0.19. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the previous year, the business posted $0.49 EPS. The firm's revenue was down 3.4% on a year-over-year basis. On average, sell-side analysts predict that Herbalife Ltd. will post 1.57 earnings per share for the current fiscal year.
Herbalife Profile
(
Free Report)
Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.
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