Herbalife Ltd. (NYSE:HLF) Receives $10.50 Consensus PT from Analysts

Herbalife Ltd. (NYSE:HLF) has earned a consensus recommendation of “Reduce” from the five brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $10.50.

HLF has been the topic of several recent analyst reports. Mizuho decreased their price target on Herbalife from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Bank of America reduced their price target on shares of Herbalife from $10.00 to $8.00 and set an “underperform” rating on the stock in a research report on Thursday, March 21st. Finally, DA Davidson cut their target price on shares of Herbalife from $11.00 to $9.50 and set a “neutral” rating for the company in a research note on Monday, March 25th.

Insider Buying and Selling at Herbalife

In related news, CEO Michael Johnson purchased 61,725 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were bought at an average price of $8.07 per share, with a total value of $498,120.75. Following the purchase, the chief executive officer now directly owns 603,707 shares in the company, valued at approximately $4,871,915.49. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Henry C. Wang purchased 2,778 shares of Herbalife stock in a transaction dated Tuesday, March 26th. The shares were bought at an average cost of $9.30 per share, with a total value of $25,835.40. Following the completion of the transaction, the executive vice president now directly owns 176,194 shares in the company, valued at approximately $1,638,604.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Johnson acquired 61,725 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average price of $8.07 per share, with a total value of $498,120.75. Following the transaction, the chief executive officer now owns 603,707 shares in the company, valued at $4,871,915.49. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 85,757 shares of company stock valued at $723,278. 0.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Herbalife

Large investors have recently modified their holdings of the business. Exchange Traded Concepts LLC increased its stake in Herbalife by 3.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 26,496 shares of the company’s stock worth $404,000 after purchasing an additional 929 shares in the last quarter. Corton Capital Inc. raised its holdings in shares of Herbalife by 10.2% during the third quarter. Corton Capital Inc. now owns 17,849 shares of the company’s stock worth $250,000 after acquiring an additional 1,654 shares during the period. Swiss National Bank lifted its position in Herbalife by 1.2% in the 3rd quarter. Swiss National Bank now owns 217,472 shares of the company’s stock valued at $3,042,000 after acquiring an additional 2,500 shares in the last quarter. Avaii Wealth Management LLC boosted its stake in Herbalife by 14.6% in the 3rd quarter. Avaii Wealth Management LLC now owns 21,792 shares of the company’s stock worth $305,000 after purchasing an additional 2,775 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Herbalife by 35.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,584 shares of the company’s stock worth $345,000 after purchasing an additional 5,922 shares in the last quarter.

Herbalife Stock Down 0.8 %

Herbalife stock opened at $8.81 on Thursday. Herbalife has a 12 month low of $6.68 and a 12 month high of $19.48. The stock has a market cap of $879.12 million, a price-to-earnings ratio of 6.20 and a beta of 1.22. The business has a 50 day moving average price of $8.76 and a two-hundred day moving average price of $11.73.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.10). Herbalife had a negative return on equity of 19.56% and a net margin of 2.81%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts expect that Herbalife will post 1.8 earnings per share for the current fiscal year.

About Herbalife

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.