Herbalife Nutrition - HLF Stock Forecast, Price & News

Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition. It offers weight management products, including meal replacement products, protein shakes, drink mixes, weight loss enhancers, and healthy snacks; targeted nutrition products, which comprise functional beverages, and dietary and nutritional supplements that contain herbs, vitamins, minerals, and other natural ingredients; outer nutrition products, such as facial skin, body, and hair care products; and energy, sports, and fitness products, including N-R-G tea and energy drink products. The company also provides literature, promotional, and other materials that comprise start-up kits, sales tools, and educational materials. It offers its products through independent service providers and sales representatives, as well as through company-operated retail platforms. The company was formerly known as Herbalife Ltd. and changed its name to Herbalife Nutrition Ltd. in April 2018. Herbalife Nutrition Ltd. was founded in 1980 and is headquartered in Los Angeles, California.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HLF shares. StockNews.com raised shares of Herbalife Nutrition from a "hold" rating to a "buy" rating in a report on Monday, June 13th. B. Riley cut their price objective on Herbalife Nutrition from $50.00 to $41.00 in a report on Wednesday, May 4th. Argus cut Herbalife Nutrition from a "buy" rating to a "hold" rating in a report on Tuesday, May 17th. Jefferies Financial Group raised shares of Herbalife Nutrition from a "hold" rating to a "buy" rating and set a $26.00 price target on the stock in a research note on Tuesday, July 12th. Finally, Citigroup lowered their price target on shares of Herbalife Nutrition from $46.00 to $36.00 in a research note on Wednesday, May 4th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $36.80.

Herbalife Nutrition Price Performance

NYSE:HLF traded up $0.95 during mid-day trading on Wednesday, reaching $28.22. 15,819 shares of the company's stock traded hands, compared to its average volume of 1,431,647. The company has a 50 day moving average price of $23.17 and a 200-day moving average price of $29.09. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 8.52 and a beta of 1.12. Herbalife Nutrition has a 12-month low of $19.30 and a 12-month high of $54.45.

Insider Transactions at Herbalife Nutrition

In other Herbalife Nutrition news, EVP Alan L. Hoffman bought 4,540 shares of the firm's stock in a transaction that occurred on Tuesday, May 17th. The stock was bought at an average price of $21.97 per share, for a total transaction of $99,743.80. Following the completion of the acquisition, the executive vice president now directly owns 57,218 shares in the company, valued at $1,257,079.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Michael Johnson bought 5,840 shares of the business's stock in a transaction dated Thursday, May 12th. The shares were purchased at an average price of $22.85 per share, with a total value of $133,444.00. Following the purchase, the director now owns 255,387 shares of the company's stock, valued at approximately $5,835,592.95. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alan L. Hoffman purchased 4,540 shares of the firm's stock in a transaction that occurred on Tuesday, May 17th. The stock was bought at an average cost of $21.97 per share, with a total value of $99,743.80. Following the completion of the purchase, the executive vice president now owns 57,218 shares of the company's stock, valued at $1,257,079.46. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 15,380 shares of company stock worth $336,188. 0.66% of the stock is currently owned by insiders.