Insider Buying: Herbalife Ltd. (NYSE:HLF) Director Buys 16,079 Shares of Stock

Herbalife Ltd. (NYSE:HLF) Director Juan Miguel Mendoza bought 16,079 shares of the stock in a transaction dated Tuesday, March 26th. The shares were bought at an average cost of $9.40 per share, with a total value of $151,142.60. Following the completion of the acquisition, the director now directly owns 54,622 shares of the company’s stock, valued at approximately $513,446.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Herbalife Trading Up 2.0 %

NYSE HLF opened at $9.48 on Thursday. Herbalife Ltd. has a 1-year low of $6.68 and a 1-year high of $19.48. The company has a market capitalization of $945.51 million, a PE ratio of 6.67 and a beta of 1.21. The firm’s fifty day simple moving average is $10.12 and its 200-day simple moving average is $12.56.

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). The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. Herbalife had a negative return on equity of 19.56% and a net margin of 2.81%. The company’s revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. As a group, analysts predict that Herbalife Ltd. will post 1.8 EPS for the current year.

Institutional Investors Weigh In On Herbalife

A number of hedge funds have recently bought and sold shares of HLF. UBS Group AG lifted its stake in shares of Herbalife by 5.6% in the third quarter. UBS Group AG now owns 3,989,128 shares of the company’s stock valued at $55,808,000 after buying an additional 209,949 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Herbalife by 9.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,507 shares of the company’s stock valued at $24,378,000 after buying an additional 147,003 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Herbalife in the third quarter valued at about $381,000. Federated Hermes Inc. lifted its stake in shares of Herbalife by 6,949,960.0% in the third quarter. Federated Hermes Inc. now owns 347,503 shares of the company’s stock valued at $4,862,000 after buying an additional 347,498 shares during the period. Finally, Bronte Capital Management Pty Ltd. lifted its stake in shares of Herbalife by 3.5% in the third quarter. Bronte Capital Management Pty Ltd. now owns 3,121,467 shares of the company’s stock valued at $43,669,000 after buying an additional 104,567 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Mizuho reduced their price objective on Herbalife from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Bank of America cut their target price on Herbalife from $10.00 to $8.00 and set an “underperform” rating for the company in a research report on Thursday, March 21st. Finally, DA Davidson cut their target price on Herbalife from $11.00 to $9.50 and set a “neutral” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.50.

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.