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.
This Junior Miner Could Profit Big from the Green Revolution
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.
See Also: Penny Stocks, Risk and Reward Factors
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Herbalife Nutrition, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Herbalife Nutrition wasn’t on the list.
While Herbalife Nutrition currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.