Herbalife LTD. Sees Unusually High Options Volume (NYSE:HLF)

Herbalife LTD. (NYSE:HLF) was the target of unusually large options trading activity on Friday. Stock investors purchased 6,026 put options on the stock. This is an increase of 112% compared to the typical volume of 2,841 put options.

HLF has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Herbalife LTD. from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a report on Thursday, August 3rd. Citigroup Inc. reiterated a “hold” rating and issued a $73.00 price target (up from $71.00) on shares of Herbalife LTD. in a research note on Tuesday, October 3rd. Tigress Financial reiterated a “buy” rating on shares of Herbalife LTD. in a research note on Monday, August 21st. SunTrust Banks, Inc. set a $67.00 price target on shares of Herbalife LTD. and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, ValuEngine upgraded shares of Herbalife LTD. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $83.25.

Herbalife LTD. (NYSE:HLF) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.41. Herbalife LTD. had a return on equity of 216.82% and a net margin of 9.28%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the business earned $1.29 earnings per share. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently modified their holdings of HLF. Acadian Asset Management LLC purchased a new stake in Herbalife LTD. in the second quarter valued at approximately $106,000. Phocas Financial Corp. purchased a new stake in Herbalife LTD. in the second quarter valued at approximately $124,000. MAVEN SECURITIES Ltd purchased a new stake in Herbalife LTD. in the first quarter valued at approximately $146,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Herbalife LTD. by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the company’s stock valued at $180,000 after buying an additional 268 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in Herbalife LTD. in the first quarter valued at approximately $201,000.

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Herbalife LTD. Company Profile

Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.

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