Insider Selling: Herbalife (NYSE:HLF) COO Sells 38,377 Shares of Stock

Herbalife Ltd (NYSE:HLF) COO Troy Hicks sold 38,377 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $12.93, for a total transaction of $496,214.61. Following the sale, the chief operating officer directly owned 9,062 shares in the company, valued at approximately $117,171.66. This trade represents a 80.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Troy Hicks also recently made the following trade(s):

• On Tuesday, May 19th, Troy Hicks sold 10,000 shares of Herbalife stock. The shares were sold at an average price of $12.32, for a total transaction of $123,200.00.

Herbalife Trading Up 3.4%

NYSE:HLF traded up $0.42 during trading hours on Wednesday, hitting $12.58. 1,468,403 shares of the stock traded hands, compared to its average volume of 1,390,377. The firm has a 50 day moving average price of $15.05 and a 200 day moving average price of $14.57. Herbalife Ltd has a fifty-two week low of $6.63 and a fifty-two week high of $20.40. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 5.52, a PEG ratio of 0.72 and a beta of 0.98.

Herbalife (NYSE:HLF) last announced its earnings results on Wednesday, May 6th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. Herbalife had a net margin of 4.67% and a negative return on equity of 41.47%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business earned $0.59 EPS. The company’s revenue was up 7.8% on a year-over-year basis. Research analysts predict that Herbalife Ltd will post 2.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HLF shares. Mizuho set a $17.00 price target on shares of Herbalife in a research note on Monday, May 4th. Zacks Research downgraded shares of Herbalife from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Citigroup reaffirmed a “buy” rating and issued a $21.00 price target (up from $17.00) on shares of Herbalife in a research note on Thursday, February 19th. Royal Bank Of Canada dropped their price target on shares of Herbalife from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Herbalife in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Herbalife currently has a consensus rating of “Hold” and a consensus target price of $17.80.

Institutional Investors Weigh In On Herbalife

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in Herbalife during the fourth quarter valued at about $32,000. KBC Group NV acquired a new position in shares of Herbalife during the first quarter valued at about $44,000. Aster Capital Management DIFC Ltd acquired a new position in Herbalife in the third quarter worth about $35,000. EverSource Wealth Advisors LLC raised its position in Herbalife by 512.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the company’s stock worth $84,000 after purchasing an additional 5,476 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Herbalife in the third quarter worth about $65,000.

Herbalife Company Profile

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.