Herbalife Nutrition (NYSE:HLF) posted its quarterly earnings results on Tuesday, February 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02, Bloomberg Earnings reports. Herbalife Nutrition had a net margin of 6.06% and a negative return on equity of 67.86%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm posted $1.29 EPS. Herbalife Nutrition’s revenue was up 8.5% compared to the same quarter last year.
Shares of NYSE HLF traded up $0.27 during trading on Friday, reaching $57.23. The company had a trading volume of 922,733 shares, compared to its average volume of 1,281,984. Herbalife Nutrition has a 12-month low of $47.76 and a 12-month high of $61.77. The stock has a market cap of $8.72 billion, a P/E ratio of 19.87, a P/E/G ratio of 1.12 and a beta of 0.34.
A number of research analysts have weighed in on the company. BMO Capital Markets reaffirmed a “neutral” rating on shares of Herbalife Nutrition in a report on Thursday, February 28th. Argus reiterated a “buy” rating and issued a $72.00 price objective on shares of Herbalife Nutrition in a research report on Friday, January 4th. Jefferies Financial Group restated a “buy” rating and set a $65.00 target price on shares of Herbalife Nutrition in a report on Tuesday, February 26th. Zacks Investment Research downgraded Herbalife Nutrition from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 11th. Finally, Pivotal Research restated a “buy” rating and set a $70.00 target price on shares of Herbalife Nutrition in a report on Tuesday, February 19th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Herbalife Nutrition currently has an average rating of “Buy” and a consensus target price of $64.50.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLF. FMR LLC lifted its holdings in shares of Herbalife Nutrition by 91.2% during the 2nd quarter. FMR LLC now owns 7,662,197 shares of the company’s stock worth $411,614,000 after acquiring an additional 3,654,763 shares during the period. Renaissance Technologies LLC lifted its holdings in Herbalife Nutrition by 42.1% during the 3rd quarter. Renaissance Technologies LLC now owns 7,601,225 shares of the company’s stock valued at $414,647,000 after purchasing an additional 2,251,900 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Herbalife Nutrition by 484.5% during the 3rd quarter. Acadian Asset Management LLC now owns 991,495 shares of the company’s stock valued at $54,086,000 after purchasing an additional 821,856 shares during the last quarter. APG Asset Management N.V. lifted its holdings in Herbalife Nutrition by 35.3% during the 4th quarter. APG Asset Management N.V. now owns 2,830,500 shares of the company’s stock valued at $145,963,000 after purchasing an additional 738,200 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Herbalife Nutrition in the fourth quarter worth about $25,653,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.
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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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