Herbalife (NYSE:HLF - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.09, FiscalAI reports. Herbalife had a negative return on equity of 35.02% and a net margin of 4.53%.The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion.
Herbalife Stock Performance
Shares of HLF stock traded up $0.21 during trading hours on Wednesday, hitting $16.47. 1,206,532 shares of the company were exchanged, compared to its average volume of 1,494,710. Herbalife has a one year low of $6.59 and a one year high of $20.40. The business's 50-day simple moving average is $16.08 and its two-hundred day simple moving average is $14.18. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 7.49, a P/E/G ratio of 0.94 and a beta of 0.98.
Hedge Funds Weigh In On Herbalife
Large investors have recently modified their holdings of the stock. Sherbrooke Park Advisers LLC bought a new position in shares of Herbalife during the third quarter worth about $167,000. WINTON GROUP Ltd bought a new position in Herbalife in the second quarter worth about $166,000. First Trust Advisors LP bought a new position in Herbalife in the fourth quarter worth about $162,000. Ensign Peak Advisors Inc bought a new position in Herbalife in the fourth quarter worth about $161,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Herbalife in the fourth quarter worth about $152,000.
Analyst Upgrades and Downgrades
HLF has been the subject of several recent analyst reports. Zacks Research downgraded Herbalife from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 20th. Mizuho set a $17.00 target price on Herbalife in a research note on Monday. Weiss Ratings restated a "hold (c)" rating on shares of Herbalife in a research note on Thursday, January 22nd. Maxim Group initiated coverage on Herbalife in a research note on Tuesday, January 6th. They set a "buy" rating and a $20.00 target price for the company. Finally, Wall Street Zen upgraded Herbalife from a "buy" rating to a "strong-buy" rating in a research note on Saturday, April 18th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $17.80.
Check Out Our Latest Analysis on HLF
About Herbalife
(
Get Free Report)
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.
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