Investors received a research report on Tuesday that changed the rating from a "hold" to a "buy".
Citigroup also raised their target price for shares of Herbalife, from $26.00 up to $28.00, and gave the stock an 'buy rating' in a report published on March 1st. Four analysts have given the stock a buy recommendation, while one analyst gave it a sell. During trading hours, the stock rose $0.42 to $12.24. Stock of the company traded at 1,052,087 compared to 1,415,587 on average. The company has a $1.21 billion market capitalization, a P/E ratio of 4.80, and a beta value of 1.14. The company has a simple moving 50-day average of $14.08, and a simple 200-day average of $15.87. Herbalife's 1 year low is $11.14 while its 1 year high is $30.65.
The company last released its earnings on Tuesday, 2nd May. The company's $0.54 per share earnings for the first quarter fell short of analysts' expectations ($0.11), which were $0.65. Revenue was $1.25 billion, which is higher than analysts' expectations. Herbalife's negative return on equity was 22.11%, and its net margin was 4.93%. Herbalife revenue was down 6.3% from the same period last year. In the same quarter last year, Herbalife earned $0.99 per share. Analysts predict that Herbalife's current fiscal year will see 2.26 earnings per shares.
Herbalife Insiders: Buying and selling at Herbalife
Stephan Paulo Gratziani, the director of the company, acquired 23,500 shares in a deal that took place on Monday, 8th May. The shares were bought at an average price per share of $14.06, resulting in a transaction totaling $330,410.00. After the transaction was completed, the director owns 34,529 shares worth $485,477.74. Insiders control 0.66% the stock of a company.
Herbalife: Institutional investors weigh in
Several large investors recently changed their HLF holdings. Thompson Siegel & Walmsley LLC increased its stake in Herbalife during the third quarter by 12.1%. Thompson Siegel & Walmsley LLC owns 353,285 of the company stock, worth $7,027,000, after acquiring 38,216 additional shares during the last quarter. Duality Advisers LP increased its stake in Herbalife during the fourth quarter by 670.1%. Duality Advisers LP owns 118 466 shares worth $1,763,000, after acquiring 103 082 additional shares during the last quarter. Nomura Holdings Inc. increased its stake in Herbalife from 65.2% to $1,763,000 during the third quarter. Nomura Holdings Inc. owns 82 600 shares of Herbalife stock, worth $1,643,000, after purchasing 32,600 additional shares during the third quarter. MFA Wealth Advisors LLC purchased a new stake of Herbalife in the third quarter, worth approximately $235,000. Qsemble Capital Management LP purchased a new Herbalife stake during the fourth-quarter worth approximately $173,000. 98.91% is owned by institutional investors.
Herbalife Company profile
Herbalife Ltd. is a company that provides health and wellness products. It is divided into the following geographic segments: North America Latin America EMEA Asia Pacific China. Mark Reynolds Hughes founded the company in February 1980. It is headquartered in Los Angeles.
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