Herbalife Diet (NYSE:HLF) PT Raised to $15.00

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Herbalife Nutrition (NYSE: HLF) had raised its target price from the Royal Bank of Canada in a research report published on Wednesday from 13.00 to 15.00 US dollars, reports Stock Target Advisor. The company currently has a “Sector Perform” rating on the stock. The Royal Bank of Canada’s price target suggests a potential 69.63% decline from the company’s previous closing price.

Several other research firms have also recently commented on HLF. B. Riley commenced coverage of the shares of Herbalife Nutrition in a research announcement on Tuesday June 29th. They set a “Buy” rating and a target price of $ 70.00 on the stock. Zacks Investment Research downgraded Herbalife Nutrition’s stock from a “buy” rating to a “hold” rating in a research release on Friday, August 6th.

HLF stock rose $ 1.10 during Wednesday’s trading hours to hit $ 49.39. The share had a trading volume of 1,356 shares compared to an average volume of 962,202 shares. The stock has a fifty-day simple moving average of $ 51.35. Herbalife Nutrition has a 12-month low of $ 43.01 and a 12-month high of $ 59.00. The company has a market capitalization of $ 5.71 billion, a price / earnings ratio of 11.57, and a beta of 0.93.

Herbalife Nutrition (NYSE: HLF) last released its quarterly earnings data on Tuesday, August 3rd. The company reported $ 1.52 EPS for the quarter, beating analysts’ consensus estimate of $ 1.25 by $ 0.27. Herbalife Nutrition had a net margin of 8.41% and a negative return on equity of 51.15%. Research analysts for stocks expect Herbalife Nutrition to achieve earnings per share of 4.91 for the current fiscal year.

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In other news from Herbalife Nutrition, CEO John O. Agwunobi bought 5,200 shares in the company in a transaction dated Thursday, August 5. The shares were acquired at an average price of $ 48.19 per share for a total transaction of $ 250,588.00. The purchase was announced in a legal filing with the SEC, available at this link. In addition, director John Tartol sold 5,000 shares of Herbalife Nutrition in a transaction dated Monday, May 24th. The stock sold at an average price of $ 51.62 for a total value of $ 258,100. Upon completion of the transaction, the director now directly owns 303,606 shares in the company valued at approximately $ 15,672,141.72. The disclosure for this sale can be found here. Last quarter, insiders bought 8,625 shares of the company for $ 415,666. 1.49% of the shares are currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold HLF shares. Amundi Pioneer Asset Management Inc. increased its position in Herbalife Nutrition by 333.1% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 15,099 shares in the company valued at $ 726,000 after purchasing an additional 11,613 shares last quarter. FDx Advisors Inc. acquired a new stake in Herbalife Nutrition shares valued at approximately $ 239,000 in the first quarter. Hartford Investment Management Co. acquired a new stake in Herbalife Nutrition shares valued at approximately $ 225,000 in the first quarter. Strs Ohio increased its stake in Herbalife Nutrition 5.1% in the first quarter. Strs Ohio now owns 40,508 shares of the company valued at $ 1,796,000 after purchasing an additional 1,960 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Herbalife Nutrition shares by 93.1% in the first quarter. Nisa Investment Advisors LLC now owns 144,577 shares in the company valued at $ 6,413,000 after purchasing an additional 69,692 shares during the reporting period. 85.17% of the shares are owned by hedge funds and other institutional investors.

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 management products including meal replacement products, protein shakes, drink mixes, weight loss enhancers, and healthy snacks; targeted nutritional products, including functional beverages and foods and supplements that contain herbs, vitamins, minerals and other natural ingredients; external nutritional products such as facial, body and hair care products; and energy, exercise and fitness products, which include NRG tea and energy drink products.

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