Herbalife Ltd (NYSE:HLF - Get Free Report)'s share price traded up 11.4% during mid-day trading on Wednesday . The company traded as high as $10.52 and last traded at $10.70. 2,757,984 shares were traded during mid-day trading, an increase of 28% from the average session volume of 2,159,875 shares. The stock had previously closed at $9.60.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Herbalife from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Citigroup reduced their target price on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $11.50.
View Our Latest Report on Herbalife
Herbalife Price Performance
The company's 50-day moving average is $8.53 and its two-hundred day moving average is $7.59. The firm has a market cap of $992.53 million, a P/E ratio of 3.56, a PEG ratio of 0.29 and a beta of 0.89.
Herbalife (NYSE:HLF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.19. Herbalife had a net margin of 5.66% and a negative return on equity of 23.75%. The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the business posted $0.49 earnings per share. Herbalife's revenue was down 3.4% compared to the same quarter last year. On average, analysts expect that Herbalife Ltd will post 1.57 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Juan Miguel Mendoza bought 5,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average price of $6.75 per share, with a total value of $33,750.00. Following the completion of the acquisition, the director owned 166,857 shares of the company's stock, valued at $1,126,284.75. The trade was a 3.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 13,143 shares of company stock worth $90,973 over the last three months. Corporate insiders own 1.73% of the company's stock.
Institutional Investors Weigh In On Herbalife
A number of hedge funds have recently made changes to their positions in HLF. Arrowstreet Capital Limited Partnership boosted its stake 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 valued at $19,986,000 after purchasing an additional 2,646,848 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Herbalife by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 12,495,374 shares of the company's stock valued at $107,835,000 after purchasing an additional 1,223,957 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Herbalife by 67.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,570,226 shares of the company's stock valued at $17,195,000 after purchasing an additional 1,031,078 shares in the last quarter. Long Focus Capital Management LLC boosted its stake in shares of Herbalife by 27.3% in the 4th quarter. Long Focus Capital Management LLC now owns 4,758,127 shares of the company's stock valued at $31,832,000 after purchasing an additional 1,020,127 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Herbalife by 6,837.9% in the 1st quarter. Cubist Systematic Strategies LLC now owns 889,400 shares of the company's stock valued at $7,676,000 after purchasing an additional 902,600 shares in the last quarter.
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.
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