Herbalife LTD. (HLF) Earns “Buy” Rating from Pivotal Research

Pivotal Research reaffirmed their buy rating on shares of Herbalife LTD. (NYSE:HLF) in a research note released on Thursday. Pivotal Research currently has a $120.00 price target on the stock.

“We expect adjusted EPS of $1.14, vs $1.29 LY, down 11.4%. Street consensus is $1.12 and company guidance is for $0.95-$1.15. The 2Q17 will be the most challenging quarter of the year given that volume rose 9% in 2Q16 and was up 13.6% in North America LY. Volume is guided to down 4%-8% and net sales are guided to down 2%-6%. We expect sales to decline 5% and volume to decline 6%.”,” the firm’s analyst wrote.

Other research analysts also recently issued research reports about the company. Tigress Financial reissued a buy rating on shares of Herbalife LTD. in a research note on Tuesday, June 6th. Citigroup Inc. boosted their target price on Herbalife LTD. from $66.00 to $74.00 and gave the stock a neutral rating in a research note on Wednesday, May 31st. Zacks Investment Research downgraded Herbalife LTD. from a strong-buy rating to a hold rating in a research note on Tuesday, July 4th. TheStreet raised Herbalife LTD. from a c rating to a b- rating in a research note on Monday, April 17th. Finally, ValuEngine raised Herbalife LTD. from a hold rating to a buy rating in a research note on Friday, June 2nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $80.75.

Herbalife LTD. (NYSE HLF) traded down 0.40% during trading on Thursday, reaching $70.41. 1,157,028 shares of the company’s stock were exchanged. Herbalife LTD. has a 52 week low of $47.62 and a 52 week high of $74.49. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 24.41 and a beta of 1.22. The company’s 50 day moving average price is $71.80 and its 200-day moving average price is $62.58.

Herbalife LTD. (NYSE:HLF) last issued its earnings results on Thursday, May 4th. The company reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.37. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.04 billion. Herbalife LTD. had a return on equity of 262.58% and a net margin of 5.58%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 earnings per share. On average, equities analysts expect that Herbalife LTD. will post $4.62 EPS for the current year.

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In other news, insider Shin-Shing Bosco Chiu sold 2,813 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $71.90, for a total transaction of $202,254.70. Following the sale, the insider now directly owns 5,000 shares in the company, valued at $359,500. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Jesus Alzarez sold 1,214 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $71.53, for a total value of $86,837.42. Following the sale, the vice president now owns 873 shares in the company, valued at $62,445.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,885 shares of company stock worth $4,248,643. Company insiders own 4.95% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. MAVEN SECURITIES Ltd purchased a new stake in Herbalife LTD. during the first quarter valued at $146,000. BlueCrest Capital Management Ltd purchased a new stake in Herbalife LTD. during the first quarter valued at $201,000. Comerica Bank purchased a new stake in Herbalife LTD. during the first quarter valued at $216,000. World Asset Management Inc purchased a new stake in Herbalife LTD. during the first quarter valued at $227,000. Finally, New York State Teachers Retirement System boosted its stake in Herbalife LTD. by 1.6% in the fourth quarter. New York State Teachers Retirement System now owns 6,500 shares of the company’s stock valued at $313,000 after buying an additional 100 shares during the period.

About Herbalife LTD.

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.