Insider Buying: Herbalife Ltd. (NYSE:HLF) Director Buys 3,143 Shares of Stock

Herbalife Ltd. (NYSE:HLF - Get Free Report) Director Juan Miguel Mendoza acquired 3,143 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was acquired at an average price of $7.50 per share, with a total value of $23,572.50. Following the acquisition, the director now owns 170,000 shares in the company, valued at $1,275,000. The trade was a 1.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Juan Miguel Mendoza also recently made the following trade(s):

• On Thursday, May 22nd, Juan Miguel Mendoza purchased 5,000 shares of Herbalife stock. The stock was acquired at an average price of $6.75 per share, with a total value of $33,750.00.
• On Friday, May 2nd, Juan Miguel Mendoza purchased 5,000 shares of Herbalife stock. The shares were acquired at an average price of $6.73 per share, for a total transaction of $33,650.00.

Herbalife Price Performance

NYSE HLF traded up $0.22 during mid-day trading on Thursday, reaching $8.24. 1,523,025 shares of the stock were exchanged, compared to its average volume of 2,210,454. The stock has a market cap of $839.22 million, a P/E ratio of 3.31, a P/E/G ratio of 0.29 and a beta of 0.86. Herbalife Ltd. has a one year low of $5.04 and a one year high of $12.79. The stock has a 50 day simple moving average of $7.11 and a 200-day simple moving average of $7.17.

Herbalife (NYSE:HLF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.19. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $0.49 EPS. The firm's revenue was down 3.4% compared to the same quarter last year. Sell-side analysts anticipate that Herbalife Ltd. will post 1.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. DA Davidson raised Herbalife from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $7.50 to $14.00 in a report on Friday, March 21st. Wall Street Zen upgraded Herbalife from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Citigroup cut 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $11.50.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its position in shares of Herbalife by 4.1% during the 1st quarter. Rhumbline Advisers now owns 152,987 shares of the company's stock worth $1,320,000 after purchasing an additional 6,081 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Herbalife by 3.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,904 shares of the company's stock worth $1,820,000 after acquiring an additional 6,747 shares in the last quarter. Empowered Funds LLC boosted its holdings in Herbalife by 12.9% in the first quarter. Empowered Funds LLC now owns 30,301 shares of the company's stock worth $261,000 after acquiring an additional 3,474 shares in the last quarter. Tenzing Global Management LLC acquired a new stake in Herbalife in the first quarter valued at approximately $6,904,000. Finally, Parallax Volatility Advisers L.P. acquired a new position in shares of Herbalife during the first quarter worth approximately $790,000.

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.