A number of other equities analysts have also recently weighed in on HLF. Zacks Investment Research upgraded shares of Herbalife Nutrition from a hold rating to a buy rating and set a $59.00 price objective for the company in a research report on Monday, October 15th. ValuEngine upgraded shares of Herbalife Nutrition from a hold rating to a buy rating in a research report on Tuesday, October 16th. Pivotal Research restated a buy rating and set a $75.00 price objective on shares of Herbalife Nutrition in a research report on Thursday, October 25th. BMO Capital Markets restated a hold rating on shares of Herbalife Nutrition in a research report on Friday, November 9th. Finally, Royal Bank of Canada restated a hold rating on shares of Herbalife Nutrition in a research report on Friday, November 9th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $59.42.
HLF opened at $56.47 on Tuesday. Herbalife Nutrition has a 1 year low of $33.22 and a 1 year high of $60.41. The firm has a market capitalization of $8.81 billion, a P/E ratio of 23.24, a PEG ratio of 1.13 and a beta of 0.72.
Herbalife Nutrition (NYSE:HLF) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.07. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Herbalife Nutrition had a net margin of 3.84% and a negative return on equity of 82.17%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. Research analysts anticipate that Herbalife Nutrition will post 2.85 earnings per share for the current year.
In other Herbalife Nutrition news, COO David Pezzullo sold 33,070 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $55.64, for a total transaction of $1,840,014.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.19% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new stake in shares of Herbalife Nutrition during the third quarter worth $1,268,000. Vanguard Group Inc. grew its holdings in shares of Herbalife Nutrition by 1.0% during the third quarter. Vanguard Group Inc. now owns 10,058,515 shares of the company’s stock worth $548,692,000 after buying an additional 103,973 shares in the last quarter. Morgan Stanley grew its holdings in shares of Herbalife Nutrition by 6.1% during the third quarter. Morgan Stanley now owns 1,716,881 shares of the company’s stock worth $93,655,000 after buying an additional 98,129 shares in the last quarter. Kepos Capital LP purchased a new stake in shares of Herbalife Nutrition during the third quarter worth $5,591,000. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of Herbalife Nutrition by 17.2% during the third quarter. TIAA CREF Investment Management LLC now owns 902,632 shares of the company’s stock worth $49,239,000 after buying an additional 132,525 shares in the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.
Herbalife Nutrition Company Profile
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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