Herbalife Nutrition (NYSE:HLF) is set to post its quarterly earnings results after the market closes on Wednesday, February 23rd. Analysts expect Herbalife Nutrition to post earnings of $0.59 per share for the quarter. Individuals that wish to register for the company’s earnings conference call can do so using this link.
Shares of HLF stock opened at $42.65 on Wednesday. The stock has a market capitalization of $4.78 billion, a PE ratio of 9.87 and a beta of 1.03. Herbalife Nutrition has a 52-week low of $36.52 and a 52-week high of $56.55. The stock’s 50-day moving average price is $41.77 and its 200-day moving average price is $44.01.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Herbalife Nutrition from a “hold” rating to a “sell” rating in a research report on Wednesday, January 5th. Royal Bank of Canada boosted their target price on Herbalife Nutrition from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $52.00.
Large investors have recently made changes to their positions in the company. Glenmede Trust Co. NA purchased a new stake in shares of Herbalife Nutrition during the 4th quarter worth approximately $211,000. Cubist Systematic Strategies LLC boosted its stake in shares of Herbalife Nutrition by 15.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 46,056 shares of the company’s stock worth $1,885,000 after acquiring an additional 6,023 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Herbalife Nutrition by 0.3% during the 4th quarter. Legal & General Group Plc now owns 177,023 shares of the company’s stock worth $7,246,000 after acquiring an additional 448 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Herbalife Nutrition by 15.0% during the 4th quarter. Nuveen Asset Management LLC now owns 269,813 shares of the company’s stock worth $11,044,000 after acquiring an additional 35,206 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Herbalife Nutrition by 41.5% during the 4th quarter. Sei Investments Co. now owns 364,960 shares of the company’s stock worth $14,938,000 after acquiring an additional 107,102 shares in the last quarter. 86.32% of the stock is currently owned by institutional investors and hedge funds.
(Ad)
This technology gives doctors the ability to make massive breakthroughs in the human body… And investors the chance at huge opportunities…
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.
read more
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Herbalife Nutrition right now?
Before you consider Herbalife Nutrition, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Herbalife Nutrition wasn’t on the list.
While Herbalife Nutrition currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here
