Teacher Retirement System of Texas Makes New $1.39 Million Investment in Herbalife Ltd (NYSE:HLF)

Teacher Retirement System of Texas acquired a new stake in shares of Herbalife Ltd (NYSE:HLF - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 160,863 shares of the company's stock, valued at approximately $1,388,000. Teacher Retirement System of Texas owned about 0.16% of Herbalife as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Herbalife by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company's stock worth $75,406,000 after buying an additional 785,574 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Herbalife by 9.9% in the 4th quarter. Renaissance Technologies LLC now owns 7,088,868 shares of the company's stock worth $47,425,000 after buying an additional 638,567 shares during the last quarter. Long Focus Capital Management LLC boosted its stake in Herbalife by 27.3% in the 4th quarter. Long Focus Capital Management LLC now owns 4,758,127 shares of the company's stock worth $31,832,000 after buying an additional 1,020,127 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Herbalife by 777.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,987,490 shares of the company's stock worth $19,986,000 after purchasing an additional 2,646,848 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Herbalife by 8.7% in the 4th 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 in the last quarter.

Insider Activity

In other Herbalife news, Director Juan Miguel Mendoza bought 5,000 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were bought at an average cost of $6.75 per share, with a total value of $33,750.00. Following the transaction, the director directly owned 166,857 shares in the company, valued at approximately $1,126,284.75. This trade represents a 3.09% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders purchased 13,143 shares of company stock valued at $90,973. Corporate insiders own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HLF. DA Davidson raised Herbalife from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $7.50 to $14.00 in a research note on Friday, March 21st. Citigroup reduced their price objective on Herbalife from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Wall Street Zen raised Herbalife from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.

Herbalife Price Performance

Herbalife stock traded down $0.21 during midday trading on Friday, hitting $10.16. 1,428,059 shares of the company were exchanged, compared to its average volume of 2,188,121. The company's fifty day moving average price is $8.00 and its 200-day moving average price is $7.39. The company has a market cap of $1.03 billion, a PE ratio of 3.71, a price-to-earnings-growth ratio of 0.30 and a beta of 0.89. Herbalife Ltd has a fifty-two week low of $5.04 and a fifty-two week high of $12.79.

Herbalife (NYSE:HLF - Get Free Report) last released 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 negative return on equity of 23.75% and a net margin of 5.66%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company posted $0.49 EPS. Herbalife's revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts expect that Herbalife Ltd will post 1.57 EPS for the current fiscal year.

Herbalife Company Profile

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.