Herbalife (NYSE:HLF) Board Declares Stock Repurchase Program

Herbalife (NYSE:HLF) announced that its board has authorized a share buyback program on Tuesday, September 8th, RTT News reports. The company plans to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 19.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages recently weighed in on HLF. Wall Street Zen downgraded shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Citigroup reissued a “buy” rating and issued a $17.00 price target (down from $21.00) on shares of Herbalife in a report on Friday, August 7th. Finally, Weiss Ratings downgraded shares of Herbalife from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.00.

Herbalife Stock Up 1.0%

Shares of NYSE HLF traded up $0.13 during midday trading on Tuesday, reaching $12.51. The company had a trading volume of 2,121,911 shares, compared to its average volume of 1,633,929. Herbalife has a one year low of $7.56 and a one year high of $20.40. The firm’s fifty day moving average price is $12.37 and its 200-day moving average price is $13.80. The stock has a market cap of $1.31 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 0.41 and a beta of 0.85.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Herbalife had a net margin of 3.16% and a negative return on equity of 43.90%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 earnings per share. As a group, equities research analysts expect that Herbalife will post 2.68 EPS for the current year.

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.