Insider Buying: Herbalife (NYSE:HLF) Director Purchases 1,200 Shares of Stock

Herbalife Ltd (NYSE:HLF) Director Sophie L’helias bought 1,200 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost of $11.31 per share, with a total value of $13,572.00. Following the completion of the acquisition, the director owned 79,882 shares in the company, valued at $903,465.42. This represents a 1.53% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Herbalife Trading Up 0.0%

NYSE HLF traded up $0.00 during trading hours on Thursday, reaching $11.39. 1,393,000 shares of the company’s stock were exchanged, compared to its average volume of 1,536,295. The stock has a market cap of $1.18 billion, a PE ratio of 5.00, a price-to-earnings-growth ratio of 0.71 and a beta of 0.88. Herbalife Ltd has a one year low of $7.43 and a one year high of $20.40. The firm has a fifty day moving average of $14.43 and a 200-day moving average of $14.82.

Herbalife (NYSE:HLF) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. Herbalife had a negative return on equity of 41.47% and a net margin of 4.67%.Herbalife’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 EPS. As a group, research analysts forecast that Herbalife Ltd will post 2.47 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HLF. Caitong International Asset Management Co. Ltd bought a new position in Herbalife in the 4th quarter valued at $32,000. Aster Capital Management DIFC Ltd bought a new position in Herbalife in the 3rd quarter valued at $35,000. KBC Group NV bought a new position in Herbalife in the 1st quarter valued at $44,000. Advisory Services Network LLC bought a new position in shares of Herbalife in the 3rd quarter worth $65,000. Finally, Quarry LP boosted its position in shares of Herbalife by 49,105.3% in the 3rd quarter. Quarry LP now owns 9,349 shares of the company’s stock worth $79,000 after purchasing an additional 9,330 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Zacks Research lowered Herbalife from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings lowered Herbalife from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. Royal Bank Of Canada decreased their price target on Herbalife from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 28th. Citigroup restated a “buy” rating and set a $21.00 price target (up from $17.00) on shares of Herbalife in a research report on Thursday, February 19th. Finally, Mizuho set a $17.00 price target on Herbalife in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.80.

About Herbalife

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.