John O. Agwunobi, CEO of Herbalife Nutrition Ltd. (NYSE: HLF), bought 5,000 shares of Herbalife Nutrition in a transaction on Friday, September 17. The shares were purchased at an average price of $ 44.90 per share for a total value of $ 224,500. The acquisition was announced in a legal filing with the SEC, which can be accessed through this hyperlink.
HLF stock traded around $ 0.25 during Monday’s midday trading to hit $ 44.14. The company had a trading volume of 2,028,142 shares versus an average volume of 1,047,675. Herbalife Nutrition Ltd. has a 52-week low of $ 41.31 and a 52-week high of $ 59.00. The stock has a market capitalization of $ 5.10 billion, a price / earnings ratio of 10.40, and a beta of 0.91. The 50-day moving average price for the stock is $ 50.14 and the 200-day moving average price is $ 49.48.
Herbalife Nutrition (NYSE: HLF) last released its earnings results on Tuesday, August 3rd. The company reported earnings per share (EPS) for the quarter of $ 1.52, beating Thomson Reuters’ consensus estimate of $ 1.25 by $ 0.27. Herbalife Nutrition had a negative return on equity of 51.15% and a net margin of 8.41%. The company had revenue of $ 1.55 billion for the quarter, compared to analyst expectations of $ 1.55 billion. Stock research analysts predict Herbalife Nutrition Ltd. 4.91 EPS will be reported for the current year.
A number of analysts recently released reports on the company. The Royal Bank of Canada raised its target price for Herbalife Nutrition from USD 13.00 to USD 15.00 and gave the company a “sector performance” in a research report on Wednesday, August 18. Zacks Investment Research downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Friday, August 6th. B. Riley lowered his target price on Herbalife Nutrition from $ 70.00 to $ 61.00 and issued a buy recommendation for the company in a research report on Wednesday, September 15. They discovered that the move was a call for evaluation. The Jefferies Financial Group reported on Herbalife Nutrition in a research report on Wednesday, September 15th. They issued a “Buy” rating and a target price of $ 65.00 on the company. Finally, Citigroup cut its price target for Herbalife Nutrition from $ 57.00 to $ 52.00 and issued a buy recommendation for the company in a research report on Thursday. Two investment analysts have given the stock a hold rating and three have given the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $ 54.00.
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Institutional investors and hedge funds have recently bought and sold shares in the company. Eagle Bay Advisors LLC added a new position in Herbalife Nutrition shares valued at approximately $ 56,000 in the second quarter. Gables Capital Management Inc. added a new position in Herbalife Nutrition shares valued at approximately $ 89,000 in the first quarter. Captrust Financial Advisors increased its stake in Herbalife Nutrition by 157.0% in the first quarter. Captrust Financial Advisors now owns 2,159 shares in the company valued at $ 96,000 after purchasing an additional 1,319 shares during the reporting period. Islay Capital Management LLC acquired a new stake in Herbalife Nutrition for $ 110,000 in the first quarter. Finally, AGF Investments LLC acquired a new stake in Herbalife Nutrition for $ 172,000 in the second quarter. 90.26% of the shares are currently owned by hedge funds and other institutional investors.
Herbalife Nutrition company profile
Herbalife Nutrition Ltd. is a holding company engaged in the development and distribution of nutritional solutions. It operates in the following segments: North America; Mexico; South and Central America; Europe, Middle East and Africa; Asia Pacific; and china. The company was founded in February 1980 by Mark Reynolds Hughes and is headquartered in George Town, Cayman Islands.
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