Herbalife Nutrition Ltd (NYSE:HLF) Given Average Rating of “Hold” by Brokerages

Herbalife Nutrition Ltd (NYSE:HLF) has earned an average rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $52.50.

HLF has been the topic of a number of analyst reports. ValuEngine upgraded Xylem from a “hold” rating to a “buy” rating in a research note on Friday, June 21st. BMO Capital Markets upped their price objective on PACCAR to $70.00 and gave the stock a “market perform” rating in a research note on Friday, May 17th. Citigroup set a $47.00 price objective on Quanta Services and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, Argus cut Herbalife Nutrition from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th.

In related news, SVP Edi Hienrich sold 738 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $47.62, for a total transaction of $35,143.56. Following the transaction, the senior vice president now directly owns 22,246 shares of the company’s stock, valued at approximately $1,059,354.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.31% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of HLF. APG Asset Management N.V. increased its holdings in shares of Herbalife Nutrition by 35.3% during the 4th quarter. APG Asset Management N.V. now owns 2,830,500 shares of the company’s stock worth $145,963,000 after acquiring an additional 738,200 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Herbalife Nutrition by 41.9% during the 1st quarter. Acadian Asset Management LLC now owns 2,426,254 shares of the company’s stock worth $128,572,000 after acquiring an additional 716,942 shares during the last quarter. SG Americas Securities LLC grew its holdings in Herbalife Nutrition by 100.6% in the 1st quarter. SG Americas Securities LLC now owns 2,580 shares of the company’s stock valued at $137,000 after buying an additional 457,013 shares in the last quarter. Norges Bank acquired a new position in Herbalife Nutrition in the 4th quarter valued at $25,653,000. Finally, CIBC World Markets Inc. grew its holdings in Herbalife Nutrition by 196.9% in the 1st quarter. CIBC World Markets Inc. now owns 205,238 shares of the company’s stock valued at $10,876,000 after buying an additional 417,075 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of Herbalife Nutrition stock traded down $1.03 on Tuesday, reaching $40.97. 2,148,351 shares of the company were exchanged, compared to its average volume of 2,243,199. Herbalife Nutrition has a one year low of $39.47 and a one year high of $61.77. The firm has a market cap of $6.19 billion, a P/E ratio of 14.23 and a beta of 0.50. The firm’s 50-day moving average is $42.67.

Herbalife Nutrition (NYSE:HLF) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Herbalife Nutrition had a negative return on equity of 56.65% and a net margin of 6.36%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. On average, sell-side analysts predict that Herbalife Nutrition will post 2.9 EPS for the current fiscal year.

About Herbalife Nutrition

Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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Analyst Recommendations for Herbalife Nutrition (NYSE:HLF)

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