Stock analysts at Jefferies Financial Group began coverage on shares of Herbalife Nutrition (NYSE:HLF) in a note issued to investors on Wednesday, TipRanks reports. The brokerage set a “buy” rating and a $65.00 price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 55.99% from the company’s current price.

A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating in a report on Friday, August 6th. B. Riley reduced their price target on Herbalife Nutrition from $70.00 to $61.00 and set a “buy” rating for the company in a report on Wednesday. They noted that the move was a valuation call. Finally, Royal Bank of Canada increased their price target on Herbalife Nutrition from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday, August 18th.

NYSE:HLF traded down $1.11 on Wednesday, hitting $41.67. 46,619 shares of the stock were exchanged, compared to its average volume of 1,002,400. The stock has a market cap of $4.82 billion, a PE ratio of 9.83 and a beta of 0.91. The stock has a fifty day moving average of $50.71 and a 200-day moving average of $49.55. Herbalife Nutrition has a fifty-two week low of $42.50 and a fifty-two week high of $59.00.

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Herbalife Nutrition (NYSE:HLF) last posted its earnings results on Tuesday, August 3rd. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.27. Herbalife Nutrition had a negative return on equity of 51.15% and a net margin of 8.41%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. Research analysts expect that Herbalife Nutrition will post 4.91 EPS for the current year.

In related news, CEO John O. Agwunobi purchased 5,200 shares of the business’s stock in a transaction that occurred on Thursday, August 5th. The shares were acquired at an average price of $48.19 per share, with a total value of $250,588.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alan W. Lefevre purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 17th. The stock was bought at an average cost of $48.25 per share, for a total transaction of $144,750.00. Following the acquisition, the director now owns 18,600 shares in the company, valued at approximately $897,450. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 8,625 shares of company stock worth $415,666. 1.49% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP acquired a new stake in Herbalife Nutrition in the 2nd quarter valued at approximately $4,747,000. Deccan Value Investors L.P. increased its position in Herbalife Nutrition by 1.5% in the 2nd quarter. Deccan Value Investors L.P. now owns 2,965,075 shares of the company’s stock valued at $156,348,000 after acquiring an additional 45,085 shares during the period. Morgan Stanley increased its position in Herbalife Nutrition by 28.8% in the 2nd quarter. Morgan Stanley now owns 317,348 shares of the company’s stock valued at $16,734,000 after acquiring an additional 70,957 shares during the period. Mason Capital Management LLC increased its position in Herbalife Nutrition by 89.6% in the 2nd quarter. Mason Capital Management LLC now owns 2,094,674 shares of the company’s stock valued at $110,452,000 after acquiring an additional 989,999 shares during the period. Finally, Maverick Capital Ltd. increased its position in Herbalife Nutrition by 8.4% in the 2nd quarter. Maverick Capital Ltd. now owns 20,330 shares of the company’s stock valued at $1,072,000 after acquiring an additional 1,567 shares during the period. 90.26% of the stock is currently owned by institutional investors and hedge funds.

About Herbalife Nutrition

Herbalife Nutrition Ltd. is a holding company, which engages in the development and sale of nutrition solutions. It operates through the following segments: North America; Mexico; South and Central America; Europe, Middle East, and Africa; Asia pacific; and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in George Town, Cayman Islands.

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