Herbalife Nutrition (NYSE:HLF) had its price target cut by equities research analysts at B. Riley from $70.00 to $61.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm presently has a “buy” rating on the stock. B. Riley’s price target indicates a potential upside of 42.59% from the company’s current price. The analysts noted that the move was a valuation call.
Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada increased their price objective on shares of Herbalife Nutrition from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 18th. Zacks Investment Research cut shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research note on Friday, August 6th.
Shares of NYSE HLF opened at $42.78 on Wednesday. The firm’s 50-day moving average price is $50.71 and its 200-day moving average price is $49.55. The company has a market cap of $4.95 billion, a PE ratio of 10.02 and a beta of 0.91. Herbalife Nutrition has a 52-week low of $42.50 and a 52-week high of $59.00.
In other Herbalife Nutrition news, CEO John O. Agwunobi bought 5,200 shares of the firm’s stock in a transaction dated Thursday, August 5th. The stock was acquired at an average cost of $48.19 per share, for a total transaction of $250,588.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan W. Lefevre bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 17th. The shares were acquired at an average price of $48.25 per share, with a total value of $144,750.00. Following the completion of the transaction, the director now owns 18,600 shares of the company’s stock, valued at approximately $897,450. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 8,625 shares of company stock worth $415,666. Company insiders own 1.49% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. WINTON GROUP Ltd raised its stake in Herbalife Nutrition by 0.7% in the 2nd quarter. WINTON GROUP Ltd now owns 40,705 shares of the company’s stock valued at $2,146,000 after purchasing an additional 269 shares during the last quarter. Panagora Asset Management Inc. raised its stake in Herbalife Nutrition by 3.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 11,453 shares of the company’s stock valued at $604,000 after purchasing an additional 393 shares during the last quarter. Alliancebernstein L.P. raised its stake in Herbalife Nutrition by 1.1% in the 1st quarter. Alliancebernstein L.P. now owns 49,864 shares of the company’s stock valued at $2,212,000 after purchasing an additional 530 shares during the last quarter. Principal Financial Group Inc. raised its stake in Herbalife Nutrition by 10.1% in the 1st quarter. Principal Financial Group Inc. now owns 6,679 shares of the company’s stock valued at $296,000 after purchasing an additional 615 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in Herbalife Nutrition by 3.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 18,472 shares of the company’s stock valued at $973,000 after buying an additional 673 shares in the last quarter. Institutional investors and hedge funds own 90.26% of the company’s stock.
Herbalife Nutrition Company Profile
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.
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