Herbalife Nutrition (NYSE:HLF) Trading Down 5.8%

Herbalife Nutrition Ltd (NYSE:HLF) shares were down 5.8% during mid-day trading on Wednesday . The company traded as low as $35.18 and last traded at $35.53, approximately 1,257,818 shares were traded during trading. A decline of 28% from the average daily volume of 1,750,307 shares. The stock had previously closed at $37.70.

A number of analysts have recently issued reports on HLF shares. Royal Bank of Canada restated a “hold” rating and set a $10.00 price objective on shares of Herbalife Nutrition in a research report on Thursday, August 8th. Pivotal Research restated a “buy” rating and set a $65.00 price objective (down from $75.00) on shares of Herbalife Nutrition in a research report on Friday, August 2nd. Pi Financial upgraded Herbalife Nutrition from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $8.75 to $12.75 in a research report on Thursday, August 8th. Zacks Investment Research upgraded Herbalife Nutrition from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, ValuEngine upgraded Herbalife Nutrition from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Herbalife Nutrition currently has an average rating of “Buy” and a consensus target price of $49.25.

The business has a 50-day simple moving average of $37.44 and a two-hundred day simple moving average of $43.93. The stock has a market capitalization of $5.47 billion, a P/E ratio of 12.80 and a beta of 0.48.

Herbalife Nutrition (NYSE:HLF) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). Herbalife Nutrition had a net margin of 6.05% and a negative return on equity of 58.68%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the company earned $0.80 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. Sell-side analysts anticipate that Herbalife Nutrition Ltd will post 2.61 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of HLF. SG Americas Securities LLC lifted its stake in shares of Herbalife Nutrition by 16.7% during the second quarter. SG Americas Securities LLC now owns 3,010 shares of the company’s stock valued at $129,000 after acquiring an additional 430 shares during the period. Doyle Wealth Management acquired a new position in Herbalife Nutrition in the second quarter valued at about $37,000. KBC Group NV lifted its stake in Herbalife Nutrition by 2.6% in the second quarter. KBC Group NV now owns 77,957 shares of the company’s stock valued at $3,334,000 after buying an additional 1,961 shares during the period. Phocas Financial Corp. acquired a new position in Herbalife Nutrition in the second quarter valued at about $13,286,000. Finally, WINTON GROUP Ltd lifted its stake in Herbalife Nutrition by 13.2% in the second quarter. WINTON GROUP Ltd now owns 32,978 shares of the company’s stock valued at $1,410,000 after buying an additional 3,858 shares during the period. 92.97% of the stock is currently owned by institutional investors.

Herbalife Nutrition Company Profile (NYSE:HLF)

Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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