Sophie L’helias Buys 1,200 Shares of Herbalife (NYSE:HLF) Stock

by · The Markets Daily

Herbalife Ltd (NYSE:HLF – Get Free Report) Director Sophie L’helias purchased 1,200 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was acquired at an average price of $11.31 per share, for a total transaction of $13,572.00. Following the completion of the purchase, the director owned 79,882 shares of the company’s stock, valued at $903,465.42. This represents a 1.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Herbalife Stock Performance

Shares of HLF stock opened at $11.41 on Friday. The stock’s 50-day moving average is $14.28 and its two-hundred day moving average is $14.81. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 5.00, a PEG ratio of 0.68 and a beta of 0.88. Herbalife Ltd has a 1 year low of $7.52 and a 1 year high of $20.40.

Herbalife (NYSE:HLF – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. Herbalife had a negative return on equity of 41.47% and a net margin of 4.67%.The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 earnings per share. As a group, research analysts predict that Herbalife Ltd will post 2.47 EPS for the current year.

Hedge Funds Weigh In On Herbalife

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Herbalife by 12.6% during the first quarter. EverSource Wealth Advisors LLC now owns 7,366 shares of the company’s stock worth $108,000 after buying an additional 822 shares during the last quarter. Optimize Financial Inc boosted its holdings in Herbalife by 1.5% in the 4th quarter. Optimize Financial Inc now owns 61,426 shares of the company’s stock valued at $792,000 after purchasing an additional 880 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Herbalife by 7.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,176 shares of the company’s stock valued at $200,000 after purchasing an additional 933 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Herbalife by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,642 shares of the company’s stock valued at $316,000 after purchasing an additional 1,217 shares in the last quarter. Finally, CWM LLC boosted its holdings in Herbalife by 5.9% in the 4th quarter. CWM LLC now owns 24,229 shares of the company’s stock valued at $312,000 after purchasing an additional 1,348 shares in the last quarter.

Wall Street Analysts Forecast Growth

HLF has been the topic of several research reports. Zacks Research lowered Herbalife from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Royal Bank Of Canada dropped their price objective on Herbalife from $17.00 to $16.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 28th. Mizuho set a $17.00 price objective on Herbalife in a report on Monday, May 4th. Citigroup reaffirmed a “buy” rating and set a $21.00 price objective (up from $17.00) on shares of Herbalife in a report on Thursday, February 19th. Finally, Wall Street Zen raised Herbalife from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.80.

Check Out Our Latest Research Report on HLF

Herbalife Company Profile

(Get Free Report)

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.

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