Herbalife Ltd. (NYSE:HLF - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $7.99, but opened at $8.22. Herbalife shares last traded at $8.61, with a volume of 1,097,779 shares.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. StockNews.com raised Herbalife from a "buy" rating to a "strong-buy" rating in a research note on Friday. DA Davidson upgraded Herbalife from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $7.50 to $14.00 in a report on Friday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Herbalife currently has a consensus rating of "Buy" and a consensus target price of $12.00.
Check Out Our Latest Report on Herbalife
Herbalife Trading Up 2.2 %
The stock's 50 day moving average is $7.00 and its two-hundred day moving average is $7.21. The stock has a market capitalization of $838.09 million, a price-to-earnings ratio of 3.32, a price-to-earnings-growth ratio of 0.29 and a beta of 1.03.
Herbalife (NYSE:HLF - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.28. The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. On average, research analysts anticipate that Herbalife Ltd. will post 1.57 earnings per share for the current year.
Insider Transactions at Herbalife
In other Herbalife news, Director Juan Miguel Mendoza acquired 5,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $8.25 per share, with a total value of $41,250.00. Following the completion of the transaction, the director now directly owns 132,500 shares in the company, valued at $1,093,125. This trade represents a 3.92 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.73% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Herbalife by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company's stock worth $75,406,000 after buying an additional 785,574 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Herbalife by 9.9% in the fourth quarter. Renaissance Technologies LLC now owns 7,088,868 shares of the company's stock valued at $47,425,000 after acquiring an additional 638,567 shares during the last quarter. Long Focus Capital Management LLC raised its holdings in Herbalife by 27.3% during the fourth quarter. Long Focus Capital Management LLC now owns 4,758,127 shares of the company's stock worth $31,832,000 after acquiring an additional 1,020,127 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Herbalife by 777.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,987,490 shares of the company's stock valued at $19,986,000 after purchasing an additional 2,646,848 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Herbalife by 8.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,696,560 shares of the company's stock valued at $18,040,000 after purchasing an additional 216,603 shares in the last quarter.
Herbalife Company Profile
(
Get Free Report)
Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.
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