Herbalife Ltd. (NYSE:HLF - Get Free Report)'s stock price rose 7.6% on Tuesday . The company traded as high as $7.11 and last traded at $7.17. Approximately 201,798 shares changed hands during trading, a decline of 91% from the average daily volume of 2,243,332 shares. The stock had previously closed at $6.66.
Wall Street Analysts Forecast Growth
HLF has been the subject of a number of recent research reports. Citigroup reduced their price objective on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wall Street Zen cut Herbalife from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, DA Davidson upgraded Herbalife from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $7.50 to $14.00 in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Herbalife currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.
Get Our Latest Analysis on Herbalife
Herbalife Trading Up 3.1%
The company's fifty day simple moving average is $7.23 and its 200 day simple moving average is $7.19. The stock has a market capitalization of $807.14 million, a P/E ratio of 3.18, 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 data on Wednesday, April 30th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.19. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The firm's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. Equities research analysts predict that Herbalife Ltd. will post 1.57 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Juan Miguel Mendoza bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was bought at an average cost of $6.75 per share, for a total transaction of $33,750.00. Following the completion of the transaction, the director now owns 166,857 shares of the company's stock, valued at approximately $1,126,284.75. The trade was a 3.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have purchased 12,500 shares of company stock worth $87,400. Insiders own 1.73% of the company's stock.
Hedge Funds Weigh In On Herbalife
A number of hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in shares of Herbalife by 83.5% during the 4th quarter. SG Americas Securities LLC now owns 18,884 shares of the company's stock valued at $126,000 after buying an additional 8,591 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Herbalife by 3.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 44,790 shares of the company's stock worth $300,000 after acquiring an additional 1,636 shares in the last quarter. R Squared Ltd purchased a new position in shares of Herbalife during the fourth quarter worth approximately $63,000. Iridian Asset Management LLC CT lifted its holdings in shares of Herbalife by 12.5% in the 4th quarter. Iridian Asset Management LLC CT now owns 2,507,740 shares of the company's stock worth $16,777,000 after acquiring an additional 279,547 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Herbalife in the 4th quarter valued at $179,000.
Herbalife Company Profile
(
Get 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.
Read More
Before you consider Herbalife, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Herbalife wasn't on the list.
While Herbalife currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
