Insider Buying: Herbalife Ltd. (NYSE:HLF) Director Buys $20,000.00 in Stock

Herbalife Ltd. (NYSE:HLF) Director Juan Miguel Mendoza bought 2,500 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $8.00 per share, with a total value of $20,000.00. Following the transaction, the director now directly owns 135,000 shares in the company, valued at approximately $1,080,000. The trade was a 1.89 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Juan Miguel Mendoza also recently made the following trade(s):

• On Thursday, February 27th, Juan Miguel Mendoza bought 5,000 shares of Herbalife stock. The stock was bought at an average cost of $8.25 per share, with a total value of $41,250.00.

Herbalife Stock Up 0.4 %

Shares of NYSE:HLF opened at $8.86 on Friday. Herbalife Ltd. has a fifty-two week low of $5.04 and a fifty-two week high of $12.79. The firm has a 50-day simple moving average of $6.65 and a 200 day simple moving average of $7.22. The company has a market cap of $896.10 million, a PE ratio of 3.56, a P/E/G ratio of 0.29 and a beta of 1.03.

Herbalife (NYSE:HLF) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.28. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. As a group, research analysts forecast that Herbalife Ltd. will post 1.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a “neutral” rating and set a $7.50 price objective on shares of Herbalife in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HLF. Quadrant Capital Group LLC boosted its stake in Herbalife by 641.5% during the 4th quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company’s stock valued at $29,000 after purchasing an additional 3,714 shares during the period. R Squared Ltd acquired a new position in Herbalife during the 4th quarter valued at about $63,000. Van ECK Associates Corp boosted its stake in Herbalife by 110.4% during the 4th quarter. Van ECK Associates Corp now owns 10,526 shares of the company’s stock valued at $70,000 after purchasing an additional 5,524 shares during the period. Bridgefront Capital LLC acquired a new position in Herbalife during the 4th quarter valued at about $71,000. Finally, Headlands Technologies LLC boosted its stake in Herbalife by 12,307.6% during the 4th quarter. Headlands Technologies LLC now owns 11,415 shares of the company’s stock valued at $76,000 after purchasing an additional 11,323 shares during the period.

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.