Herbalife Nutrition (NYSE:HLF) Price Target Cut to $61.00 by Analysts at B. Riley

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.

Herbalife Nutrition (NYSE:HLF) last issued its quarterly earnings data on Tuesday, August 3rd. The company reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ 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%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.55 billion. As a group, equities research analysts forecast that Herbalife Nutrition will post 4.91 EPS for the current fiscal year.

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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