VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 104,350 Herbalife Ltd $HLF

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Herbalife Ltd (NYSE:HLF) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 104,350 shares of the company’s stock, valued at approximately $1,372,000.

Other large investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Herbalife during the fourth quarter worth $32,000. KBC Group NV acquired a new position in Herbalife in the 1st quarter valued at $44,000. Advisory Services Network LLC acquired a new position in Herbalife in the 3rd quarter valued at $65,000. Quarry LP raised its position in Herbalife by 49,105.3% during the 3rd quarter. Quarry LP now owns 9,349 shares of the company’s stock worth $79,000 after buying an additional 9,330 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Herbalife by 512.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the company’s stock worth $84,000 after buying an additional 5,476 shares during the last quarter.

Herbalife Price Performance

Herbalife stock opened at $12.00 on Friday. Herbalife Ltd has a 1-year low of $7.56 and a 1-year high of $20.40. The company has a market cap of $1.26 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 0.40 and a beta of 0.85. The stock’s 50 day moving average price is $12.32 and its 200 day moving average price is $13.69.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). Herbalife had a negative return on equity of 43.90% and a net margin of 3.16%.The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the company posted $0.59 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts anticipate that Herbalife Ltd will post 2.68 EPS for the current fiscal year.

Herbalife announced that its Board of Directors has approved a stock buyback plan on Tuesday, September 8th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 19.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HLF. Citigroup restated a “buy” rating and issued a $17.00 target price (down from $21.00) on shares of Herbalife in a research note on Friday, August 7th. Wall Street Zen cut shares of Herbalife from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings cut shares of Herbalife from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Herbalife presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Herbalife Company Profile

Herbalife Ltd. (NYSE: HLF) is a global nutrition and wellness company that develops and sells products through a network of independent distributors. Its offerings are designed to support weight management, balanced nutrition, energy, sports performance and personal care.

The company’s product portfolio includes meal-replacement shakes, protein and fiber products, dietary supplements, vitamins, herbal teas, sports nutrition products and skin- and body-care items. Herbalife distributes its products in markets around the world, including North America, Latin America, Europe, Asia-Pacific and Africa, primarily through direct selling and independent members who provide product information and personalized support to consumers.

Herbalife was founded in 1980 by Mark Hughes and has since expanded from a primarily weight-management business into a broader nutrition and wellness enterprise.