Herbalife Nutrition Ltd. (NYSE: HLF) has received a consensus recommendation of “buy” from the nine brokers currently covering the stock, Marketbeat Ratings reports. One analyst rated the stock with a hold recommendation and five gave the company a buy recommendation. The average 1 year target price among brokers who updated their coverage for the stock in the last year is $ 57.40.
HLF has been the subject of several research reports. The Smith Barney Citigroup raised its price target for Herbalife Nutrition from $ 63.00 to $ 66.00 in a report on Monday, December 28th. Zacks Investment Research downgraded Herbalife Nutrition from a “Buy” rating to a “Hold” rating in a report on Tuesday March 16. Finally, Citigroup Inc. raised its target price for Herbalife Nutrition from $ 63.00 to $ 66.00 in a report on Monday, December 28th.
In other Herbalife Nutrition news, major shareholder Carl C. Icahn sold 12,486,993 shares in the company on Sunday, January 3. The stock was sold at an average price of $ 48.05 for a total transaction of $ 600,000,013.65. The transaction was announced in a filing with the Securities & Exchange Commission, which can be accessed via this link. In addition, on Wednesday, January 6, President John Desimone sold 72,985 shares in the company. The shares were sold at an average price of $ 53.00 for a total value of $ 3,868,205.00. Following the sale, the President now directly owns 26,826 shares in the company valued at $ 1,421,778. The disclosure for this sale can be found here. In the past ninety days, insiders have sold 12,657,888 shares in the company, valued at $ 609,386,055. 3.10% of the shares are owned by insiders.
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A number of institutional investors and hedge funds have recently bought and sold HLF shares. Alpha DNA Investment Management LLC acquired a new stake in Herbalife Nutrition valued at approximately $ 50,000 in the fourth quarter. Skandinaviska Enskilda Banken AB publ acquired a new position at Herbalife Nutrition valued at approximately USD 53,000 in the fourth quarter. The Alaska Treasury Department acquired a new position at Herbalife Nutrition valued at approximately $ 183,000 in the fourth quarter. Verition Fund Management LLC acquired a new position in Herbalife Nutrition valued at approximately $ 220,000 in the fourth quarter. Finally, Fox Run Management LLC acquired a new position at Herbalife Nutrition in the fourth quarter valued at approximately $ 233,000. 85.28% of the shares are owned by hedge funds and other institutional investors.
NYSE HLF shares opened at $ 44.36 on Thursday. Herbalife Nutrition has a twelve-month low of $ 26.85 and a twelve-month high of $ 59.00. The stock has a 50-day simple moving average of $ 48.00 and a 200-day simple moving average of $ 48.79. The stock has a market cap of $ 5.24 billion, a P / E of 17.19, and a beta of 1.08.
Herbalife Nutrition (NYSE: HLF) last released its quarterly earnings data on Tuesday, February 16th. The company reported earnings per share of $ 0.71 for the quarter, missing $ 0.13 from Thomson Reuters’ consensus estimate of $ 0.84. The company had revenue of $ 1.41 billion for the quarter, compared to analyst estimates of $ 1.43 billion. Herbalife Nutrition achieved a negative return on equity of 103.36% and a net margin of 6.64%. Analysts expect Herbalife Nutrition to achieve an EPS of 3.75 this year.
About Herbalife Nutrition
Herbalife Nutrition Ltd. provides nutritional solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa and the Asia-Pacific region. The company offers products in the areas of weight management; targeted nutrition; Energy, exercise and fitness; and external nutrition. It offers weight loss products including meal replacement products, protein shakes, drink mixes, weight loss boosters, and healthy snacks. targeted nutritional products, including functional beverages and nutritional supplements that contain herbs, vitamins, minerals and other natural ingredients; external nutritional products such as facial, body and hair care products; as well as energy, sport and fitness products, which include NRG tea and energy drink products.
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