Zacks Investment Research upgraded shares of Herbalife (NYSE:HLF) from a hold rating to a buy rating in a report released on Thursday, March 8th. Zacks Investment Research currently has $108.00 target price on the stock.
According to Zacks, “Herbalife is a global network marketing company offering a range of science-based weight management products, nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle. “
Other equities analysts have also recently issued reports about the stock. Pivotal Research reaffirmed a buy rating and issued a $120.00 price objective on shares of Herbalife in a research note on Thursday, January 25th. Citigroup raised shares of Herbalife from a neutral rating to a buy rating and raised their price objective for the company from $85.00 to $114.00 in a research note on Monday, March 5th. Longbow Research raised 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. ValuEngine raised shares of Herbalife from a buy rating to a strong-buy rating in a research note on Thursday, March 1st. Finally, SunTrust Banks reissued a hold rating and set a $67.00 price target on shares of Herbalife in a research report on Friday, November 10th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $104.60.
Shares of Herbalife (HLF) traded down $0.43 during mid-day trading on Thursday, reaching $97.12. 1,003,325 shares of the company’s stock were exchanged, compared to its average volume of 1,757,855. Herbalife has a 1 year low of $55.51 and a 1 year high of $100.45. The company has a market capitalization of $8,527.79, a PE ratio of 40.81 and a beta of 1.20. The company has a current ratio of 2.05, a quick ratio of 1.68 and a debt-to-equity ratio of -6.47.
Herbalife (NYSE:HLF) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.33. Herbalife had a net margin of 4.83% and a return on equity of 457.78%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the firm earned $1.00 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. analysts forecast that Herbalife will post 5.3 EPS for the current year.
In related news, SVP Edi Hienrich sold 29,089 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $91.91, for a total value of $2,673,569.99. Following the sale, the senior vice president now directly owns 45,060 shares of the company’s stock, valued at approximately $4,141,464.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Thomas Harms sold 8,532 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $68.49, for a total transaction of $584,356.68. Following the completion of the sale, the senior vice president now directly owns 1,000 shares in the company, valued at $68,490. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,763 shares of company stock worth $8,619,277. Insiders own 4.95% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Oberndorf William E lifted its position in Herbalife by 34.9% in the 3rd quarter. Oberndorf William E now owns 195,660 shares of the company’s stock valued at $13,272,000 after acquiring an additional 50,660 shares in the last quarter. Cowen Inc. bought a new stake in Herbalife in the 3rd quarter valued at $8,025,000. SG Americas Securities LLC lifted its position in Herbalife by 60.9% in the 4th quarter. SG Americas Securities LLC now owns 48,100 shares of the company’s stock valued at $3,257,000 after acquiring an additional 18,214 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Herbalife by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 428,764 shares of the company’s stock valued at $29,083,000 after acquiring an additional 5,932 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in Herbalife by 2.3% in the 3rd quarter. New York State Common Retirement Fund now owns 153,800 shares of the company’s stock valued at $10,432,000 after acquiring an additional 3,500 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: “Herbalife (HLF) Upgraded to Buy by Zacks Investment Research” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/03/17/herbalife-hlf-rating-increased-to-buy-at-zacks-investment-research.html.
Herbalife Company Profile
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.
Get a free copy of the Zacks research report on Herbalife (HLF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Herbalife Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herbalife and related companies with MarketBeat.com's FREE daily email newsletter.