Herbalife LTD. (HLF) Downgraded by BidaskClub to Buy

BidaskClub cut shares of Herbalife LTD. (NYSE:HLF) from a strong-buy rating to a buy rating in a research report released on Monday.

A number of other research firms also recently weighed in on HLF. Pivotal Research reissued a buy rating and set a $120.00 target price on shares of Herbalife LTD. in a research report on Thursday, July 20th. ValuEngine raised shares of Herbalife LTD. from a hold rating to a buy rating in a research report on Friday, June 2nd. Tigress Financial reissued a buy rating on shares of Herbalife LTD. in a research report on Tuesday, June 6th. Zacks Investment Research raised shares of Herbalife LTD. from a sell rating to a hold rating in a research report on Tuesday, April 25th. Finally, Citigroup Inc. increased their target price on shares of Herbalife LTD. from $66.00 to $74.00 and gave the company a neutral rating in a research report on Wednesday, May 31st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Herbalife LTD. has a consensus rating of Buy and a consensus target price of $80.75.

Herbalife LTD. (NYSE HLF) traded down 0.37% on Monday, reaching $67.76. 149,393 shares of the company traded hands. The stock has a market capitalization of $6.17 billion, a PE ratio of 23.50 and a beta of 1.22. The firm has a 50 day moving average of $71.51 and a 200-day moving average of $63.14. Herbalife LTD. has a one year low of $47.62 and a one year high of $74.49.

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

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In other Herbalife LTD. news, EVP Calero Miguel Angel Fernandez sold 30,401 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $72.02, for a total transaction of $2,189,480.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Jesus Alzarez sold 1,214 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $71.53, for a total value of $86,837.42. Following the transaction, the vice president now owns 873 shares in the company, valued at $62,445.69. The disclosure for this sale can be found here. Insiders have sold a total of 58,885 shares of company stock valued at $4,248,643 in the last three months. Insiders own 4.95% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in Herbalife LTD. during the second quarter worth about $106,000. MAVEN SECURITIES Ltd acquired a new position in Herbalife LTD. during the first quarter worth about $146,000. BlueCrest Capital Management Ltd acquired a new position in Herbalife LTD. during the first quarter worth about $201,000. Comerica Bank acquired a new position in Herbalife LTD. during the first quarter worth about $216,000. Finally, World Asset Management Inc acquired a new position in Herbalife LTD. during the first quarter worth about $227,000.

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.