Herbalife Ltd. (NYSE:HLF) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $99.83 and last traded at $99.91, with a volume of 892424 shares changing hands. The stock had previously closed at $99.53.
Several equities research analysts recently issued reports on the stock. Longbow Research lifted their price objective on shares of Herbalife from $94.27 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, March 6th. Zacks Investment Research raised shares of Herbalife from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Thursday, March 8th. TheStreet lowered shares of Herbalife from a “b-” rating to a “c” rating in a research note on Monday, March 5th. Citigroup reaffirmed a “neutral” rating and issued a $85.00 price objective (up previously from $73.00) on shares of Herbalife in a research note on Thursday, February 22nd. Finally, ValuEngine lowered shares of Herbalife from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 4th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Herbalife presently has a consensus rating of “Buy” and an average target price of $104.60.
The company has a market capitalization of $8,700.00, a PE ratio of 22.17 and a beta of 1.20. The company has a quick ratio of 1.68, a current ratio of 2.05 and a debt-to-equity ratio of -6.47.
Herbalife (NYSE:HLF) last released its earnings results on Thursday, February 22nd. The company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.33. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. Herbalife had a net margin of 4.83% and a return on equity of 457.78%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. research analysts anticipate that Herbalife Ltd. will post 5.3 EPS for the current year.
In other news, VP Jesus Alvarez sold 2,584 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $99.47, for a total transaction of $257,030.48. Following the transaction, the vice president now owns 2,085 shares in the company, valued at approximately $207,394.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jossie Aspauza sold 9,995 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.38, for a total transaction of $903,348.10. Following the transaction, the vice president now owns 14,592 shares in the company, valued at approximately $1,318,824.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,763 shares of company stock valued at $8,619,277. Company insiders own 4.95% of the company’s stock.
Several large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Herbalife by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,821 shares of the company’s stock worth $201,000 after purchasing an additional 189 shares during the period. M&T Bank Corp increased its holdings in shares of Herbalife by 16.8% during the 4th quarter. M&T Bank Corp now owns 6,271 shares of the company’s stock worth $424,000 after purchasing an additional 900 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Herbalife by 36.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,445 shares of the company’s stock worth $233,000 after purchasing an additional 922 shares during the period. UBS Asset Management Americas Inc. increased its stake in Herbalife by 1.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 73,007 shares of the company’s stock valued at $4,944,000 after acquiring an additional 986 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its stake in Herbalife by 1.8% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 71,881 shares of the company’s stock valued at $4,876,000 after acquiring an additional 1,258 shares during the period. Institutional investors own 99.51% of the company’s stock.
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Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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