Shares of Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $20.11 and last traded at $20.12, with a volume of 2739 shares. The stock had previously closed at $20.67.
HLF has been the topic of a number of research reports. StockNews.com upgraded Herbalife Nutrition from a “hold” rating to a “buy” rating in a research note on Monday, June 13th. Argus downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. Citigroup lowered their target price on Herbalife Nutrition from $46.00 to $36.00 in a research report on Wednesday, May 4th. Jefferies Financial Group upgraded Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday. Finally, B. Riley lowered their target price on Herbalife Nutrition from $50.00 to $41.00 in a research report on Wednesday, May 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.80.
The stock has a fifty day simple moving average of $22.33 and a 200 day simple moving average of $31.68. The firm has a market capitalization of $2.46 billion, a P/E ratio of 6.09 and a beta of 1.06.
Herbalife Nutrition (NYSE:HLF – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.12. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Herbalife Nutrition had a negative return on equity of 33.49% and a net margin of 7.06%. The business’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the firm earned $1.42 earnings per share. On average, equities research analysts predict that Herbalife Nutrition Ltd. will post 3.5 EPS for the current year.
In other news, Director Michael Johnson bought 5,840 shares of Herbalife Nutrition stock in a transaction dated Thursday, May 12th. The shares were purchased at an average cost of $22.85 per share, with a total value of $133,444.00. Following the completion of the acquisition, the director now owns 255,387 shares of the company’s stock, valued at approximately $5,835,592.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John O. Agwunobi bought 4,222 shares of Herbalife Nutrition stock in a transaction dated Tuesday, May 10th. The stock was purchased at an average cost of $23.55 per share, for a total transaction of $99,428.10. Following the completion of the acquisition, the chief executive officer now directly owns 134,745 shares of the company’s stock, valued at approximately $3,173,244.75. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 63,080 shares of company stock worth $1,372,132. Insiders own 0.66% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Herbalife Nutrition by 0.5% in the first quarter. Vanguard Group Inc. now owns 11,115,662 shares of the company’s stock worth $337,471,000 after purchasing an additional 52,198 shares during the last quarter. Route One Investment Company L.P. grew its position in Herbalife Nutrition by 10.2% in the first quarter. Route One Investment Company L.P. now owns 10,043,232 shares of the company’s stock worth $304,913,000 after acquiring an additional 930,500 shares in the last quarter. CAS Investment Partners LLC grew its position in Herbalife Nutrition by 2.2% in the fourth quarter. CAS Investment Partners LLC now owns 3,062,762 shares of the company’s stock worth $125,359,000 after acquiring an additional 66,300 shares in the last quarter. Bronte Capital Management Pty Ltd. grew its position in Herbalife Nutrition by 7.5% in the first quarter. Bronte Capital Management Pty Ltd. now owns 2,962,635 shares of the company’s stock worth $89,946,000 after acquiring an additional 207,063 shares in the last quarter. Finally, Windacre Partnership LLC purchased a new position in Herbalife Nutrition in the fourth quarter worth about $109,087,000.
Herbalife Nutrition Company Profile (NYSE:HLF)
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.
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