Herbalife’s (HLF) “Neutral” Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their neutral rating on shares of Herbalife (NYSE:HLF) in a research report released on Thursday morning, Benzinga reports. They currently have a $9.50 target price on the stock.

Other research analysts also recently issued reports about the company. Bank of America cut their price target on Herbalife from $10.00 to $8.00 and set an underperform rating for the company in a report on Thursday, March 21st. Mizuho cut their price target on Herbalife from $12.00 to $10.00 and set a neutral rating for the company in a report on Thursday, March 21st. Finally, StockNews.com upgraded Herbalife from a hold rating to a buy rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and an average target price of $10.50.

Herbalife Stock Up 2.1 %

Shares of Herbalife stock traded up $0.20 during trading on Thursday, hitting $9.58. 3,175,077 shares of the company were exchanged, compared to its average volume of 2,315,448. Herbalife has a fifty-two week low of $6.68 and a fifty-two week high of $19.48. The stock has a market capitalization of $957.71 million, a price-to-earnings ratio of 6.99 and a beta of 1.24. The firm has a 50 day moving average price of $8.82 and a 200 day moving average price of $11.55.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.12. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.26 billion. Herbalife had a negative return on equity of 19.97% and a net margin of 2.70%. Herbalife’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. Analysts predict that Herbalife will post 1.69 earnings per share for the current year.

Insider Activity

In other Herbalife news, EVP Henry C. Wang bought 2,778 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average price of $9.30 per share, with a total value of $25,835.40. Following the purchase, the executive vice president now owns 176,194 shares in the company, valued at approximately $1,638,604.20. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Herbalife news, EVP Henry C. Wang bought 2,778 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average price of $9.30 per share, with a total value of $25,835.40. Following the purchase, the executive vice president now owns 176,194 shares in the company, valued at approximately $1,638,604.20. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Rodica Macadrai bought 5,175 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was acquired at an average cost of $9.31 per share, for a total transaction of $48,179.25. Following the purchase, the director now owns 12,716 shares in the company, valued at approximately $118,385.96. The disclosure for this purchase can be found here. Insiders have bought 85,757 shares of company stock valued at $723,278 in the last three months. Corporate insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Herbalife

A number of large investors have recently added to or reduced their stakes in HLF. PEAK6 Investments LLC acquired a new position in Herbalife during the 3rd quarter worth $146,000. DGS Capital Management LLC acquired a new position in Herbalife during the 4th quarter worth $165,000. Hollencrest Capital Management grew its holdings in Herbalife by 21.3% during the 1st quarter. Hollencrest Capital Management now owns 17,100 shares of the company’s stock worth $172,000 after acquiring an additional 3,000 shares in the last quarter. SG Americas Securities LLC acquired a new position in Herbalife during the 4th quarter worth $184,000. Finally, Corton Capital Inc. grew its holdings in Herbalife by 10.2% during the 3rd quarter. Corton Capital Inc. now owns 17,849 shares of the company’s stock worth $250,000 after acquiring an additional 1,654 shares in the last quarter.

Herbalife Company Profile

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.