Herbalife Ltd. (NYSE:HLF) was the target of unusually large options trading activity on Monday. Traders bought 23,390 put options on the stock. This represents an increase of 838% compared to the typical volume of 2,494 put options.
Herbalife (NYSE HLF) traded down $0.85 during trading hours on Wednesday, reaching $98.70. 950,283 shares of the company’s stock traded hands, compared to its average volume of 1,395,918. The company has a quick ratio of 1.68, a current ratio of 2.05 and a debt-to-equity ratio of -6.47. The firm has a market cap of $8,670.00, a price-to-earnings ratio of 21.98 and a beta of 1.20. Herbalife has a 12 month low of $54.04 and a 12 month high of $100.45.
Herbalife (NYSE:HLF) last posted its earnings results on Thursday, February 22nd. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.33. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Herbalife had a net margin of 4.83% and a return on equity of 457.78%. Herbalife’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 EPS. sell-side analysts anticipate that Herbalife will post 5.3 EPS for the current year.
A number of analysts have recently commented on HLF shares. ValuEngine cut shares of Herbalife from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 4th. Pivotal Research reissued a “buy” rating and set a $120.00 target price on shares of Herbalife in a research note on Thursday, January 25th. Citigroup raised shares of Herbalife from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $85.00 to $114.00 in a research note on Monday, March 5th. Zacks Investment Research upgraded shares of Herbalife from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research report on Thursday, March 8th. Finally, Longbow Research boosted their price target on shares of Herbalife from $94.27 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, March 6th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $104.60.
In related news, SVP Edi Hienrich sold 29,089 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $91.91, for a total transaction of $2,673,569.99. Following the completion of the transaction, the senior vice president now owns 45,060 shares of the company’s stock, valued at $4,141,464.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Thomas Harms sold 8,532 shares of the firm’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $68.49, for a total transaction of $584,356.68. Following the transaction, the senior vice president now directly owns 1,000 shares of the company’s stock, valued at approximately $68,490. The disclosure for this sale can be found here. Insiders have sold 101,763 shares of company stock valued at $8,619,277 over the last quarter. Insiders own 4.95% of the company’s stock.
Several hedge funds have recently modified their holdings of HLF. CAS Investment Partners LLC acquired a new position in shares of Herbalife in the 4th quarter worth approximately $38,278,000. APG Asset Management N.V. lifted its holdings in shares of Herbalife by 640.9% in the 4th quarter. APG Asset Management N.V. now owns 353,400 shares of the company’s stock worth $19,930,000 after acquiring an additional 305,700 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Herbalife in the 4th quarter worth approximately $20,059,000. Millennium Management LLC lifted its holdings in shares of Herbalife by 107.8% in the 4th quarter. Millennium Management LLC now owns 21,151 shares of the company’s stock worth $1,432,000 after acquiring an additional 293,078 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Herbalife in the 4th quarter worth approximately $18,458,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.
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Herbalife Company Profile
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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