Herbalife Nutrition (NYSE:HLF)'s stock had its "buy" rating reissued by analysts at Tigress Financial in a report released on Friday, TipRanks reports. They presently have a $65.00 price objective on the stock. Tigress Financial's target price suggests a potential upside of 48.00% from the stock's current price.
Other analysts also recently issued reports about the stock. Citigroup decreased their target price on shares of Herbalife Nutrition from $57.00 to $52.00 and set a "buy" rating for the company in a research report on Thursday, September 16th. Royal Bank of Canada boosted their target price on shares of Herbalife Nutrition from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 18th. Zacks Investment Research downgraded shares of Herbalife Nutrition from a "buy" rating to a "hold" rating in a research report on Friday, August 6th. B. Riley decreased their target price on shares of Herbalife Nutrition from $70.00 to $61.00 and set a "buy" rating for the company in a research report on Wednesday, September 15th. They noted that the move was a valuation call. Finally, Jefferies Financial Group initiated coverage on shares of Herbalife Nutrition in a research report on Wednesday, September 15th. They issued a "buy" rating and a $65.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $55.38.
Shares of NYSE HLF traded up $0.40 during midday trading on Friday, reaching $43.92. The company's stock had a trading volume of 1,699,823 shares, compared to its average volume of 1,062,756. The company has a 50 day moving average price of $49.38 and a 200 day moving average price of $49.35. Herbalife Nutrition has a one year low of $41.31 and a one year high of $59.00. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 10.29 and a beta of 0.91.
Herbalife Nutrition (NYSE:HLF) last released its earnings results on Tuesday, August 3rd. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.27. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. Herbalife Nutrition had a net margin of 8.41% and a negative return on equity of 51.15%. Research analysts anticipate that Herbalife Nutrition will post 4.91 EPS for the current year.
In other Herbalife Nutrition news, CEO John O. Agwunobi acquired 5,000 shares of the company's stock in a transaction dated Friday, September 17th. The stock was bought at an average price of $44.90 per share, for a total transaction of $224,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alan W. Lefevre acquired 3,000 shares of the company's stock in a transaction dated Tuesday, August 17th. The stock was acquired at an average price of $48.25 per share, with a total value of $144,750.00. Following the purchase, the director now owns 18,600 shares in the company, valued at approximately $897,450. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 13,625 shares of company stock valued at $640,166. Corporate insiders own 1.49% of the company's stock.
Several hedge funds have recently made changes to their positions in the company. Eagle Bay Advisors LLC bought a new stake in shares of Herbalife Nutrition in the 2nd quarter worth about $56,000. Gables Capital Management Inc. bought a new stake in shares of Herbalife Nutrition in the 1st quarter worth about $89,000. Captrust Financial Advisors grew its holdings in shares of Herbalife Nutrition by 157.0% in the 1st quarter. Captrust Financial Advisors now owns 2,159 shares of the company's stock worth $96,000 after purchasing an additional 1,319 shares during the last quarter. Islay Capital Management LLC bought a new stake in shares of Herbalife Nutrition in the 1st quarter worth about $110,000. Finally, AGF Investments LLC bought a new stake in Herbalife Nutrition during the 2nd quarter worth about $172,000. Institutional investors own 90.26% of the company's stock.
About Herbalife Nutrition
Herbalife Nutrition Ltd. is a holding company, which engages in the development and sale of nutrition solutions. It operates through the following segments: North America; Mexico; South and Central America; Europe, Middle East, and Africa; Asia pacific; and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in George Town, Cayman Islands.
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