Pivotal Research reaffirmed their buy rating on shares of Herbalife LTD. (NYSE:HLF) in a report issued on Thursday, July 20th. The brokerage 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.
A number of other analysts also recently weighed in on HLF. TheStreet raised shares of Herbalife LTD. from a c rating to a b- rating in a research report on Monday, April 17th. Tigress Financial assumed coverage on shares of Herbalife LTD. in a research note on Monday, April 24th. They set a buy rating on the stock. ValuEngine upgraded shares of Herbalife LTD. from a hold rating to a buy rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Herbalife LTD. from a strong-buy rating to a hold rating in a research note on Tuesday, July 4th. Finally, Citigroup Inc. upped their target price on shares of Herbalife LTD. from $66.00 to $74.00 and gave the company a neutral rating in a research note on Wednesday, May 31st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $83.00.
Shares of Herbalife LTD. (NYSE HLF) opened at 66.26 on Thursday. Herbalife LTD. has a one year low of $47.62 and a one year high of $74.49. The stock’s 50 day moving average is $70.31 and its 200-day moving average is $64.13. The company has a market cap of $5.98 billion, a P/E ratio of 13.93 and a beta of 1.20.
Herbalife LTD. (NYSE:HLF) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.41. Herbalife LTD. had a net margin of 9.28% and a return on equity of 216.82%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $1.29 EPS. The business’s quarterly revenue was down 4.6% on a year-over-year basis. Equities research analysts forecast that Herbalife LTD. will post $4.72 earnings per share for the current year.
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In other news, EVP Calero Miguel Angel Fernandez sold 30,401 shares of Herbalife LTD. stock in a transaction 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.95% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new position in shares of Herbalife LTD. during the second quarter worth about $106,000. MAVEN SECURITIES Ltd purchased a new stake in shares of Herbalife LTD. during the first quarter valued at approximately $146,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Herbalife LTD. by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the company’s stock valued at $180,000 after buying an additional 268 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Herbalife LTD. during the first quarter valued at approximately $201,000. Finally, Allen Investment Management LLC purchased a new stake in shares of Herbalife LTD. during the second quarter valued at approximately $213,000.
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.
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