Herbalife (NYSE:HLF) Given Neutral Rating at DA Davidson

DA Davidson restated their neutral rating on shares of Herbalife (NYSE:HLF) in a research report sent to investors on Thursday, Benzinga reports. They currently have a $9.50 price target on the stock.

Other equities analysts also recently issued research reports about the company. StockNews.com raised Herbalife from a hold rating to a buy rating in a research report on Friday, February 16th. Mizuho lowered their price objective on Herbalife from $12.00 to $10.00 and set a neutral rating on the stock in a research report on Thursday, March 21st. Finally, Bank of America reduced their target price on shares of Herbalife from $10.00 to $8.00 and set an underperform rating for the company in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of $10.50.

Herbalife Price Performance

Shares of Herbalife stock opened at $9.58 on Thursday. The business has a fifty day simple moving average of $8.82 and a two-hundred day simple moving average of $11.52. Herbalife has a 1 year low of $6.68 and a 1 year high of $19.48. The company has a market capitalization of $957.71 million, a price-to-earnings ratio of 6.99 and a beta of 1.24.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.12. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.26 billion. Herbalife had a net margin of 2.70% and a negative return on equity of 19.97%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share. As a group, equities analysts anticipate that Herbalife will post 1.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Herbalife

In related news, CEO Michael Johnson bought 61,725 shares of Herbalife stock in a transaction dated Friday, February 16th. The shares were bought at an average cost of $8.07 per share, with a total value of $498,120.75. Following the acquisition, the chief executive officer now owns 603,707 shares in the company, valued at approximately $4,871,915.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Rodica Macadrai purchased 5,175 shares of Herbalife stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of $9.31 per share, for a total transaction of $48,179.25. Following the transaction, the director now owns 12,716 shares of the company’s stock, valued at approximately $118,385.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Johnson acquired 61,725 shares of the stock in a transaction on Friday, February 16th. The shares were purchased at an average price of $8.07 per share, with a total value of $498,120.75. Following the completion of the transaction, the chief executive officer now owns 603,707 shares of the company’s stock, valued at $4,871,915.49. The disclosure for this purchase can be found here. Insiders purchased 85,757 shares of company stock valued at $723,278 in the last three months. Corporate insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Herbalife

A number of large investors have recently modified their holdings of HLF. Principal Financial Group Inc. lifted its position in shares of Herbalife by 44.0% during the 3rd quarter. Principal Financial Group Inc. now owns 53,296 shares of the company’s stock worth $746,000 after buying an additional 16,275 shares during the last quarter. Bronte Capital Management Pty Ltd. raised its stake in Herbalife by 3.5% during the third quarter. Bronte Capital Management Pty Ltd. now owns 3,121,467 shares of the company’s stock worth $43,669,000 after acquiring an additional 104,567 shares in the last quarter. Jump Financial LLC raised its stake in Herbalife by 230.8% during the third quarter. Jump Financial LLC now owns 67,623 shares of the company’s stock worth $946,000 after acquiring an additional 47,182 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Herbalife by 1.2% in the third quarter. Swiss National Bank now owns 217,472 shares of the company’s stock worth $3,042,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Herbalife by 9.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,507 shares of the company’s stock valued at $24,378,000 after purchasing an additional 147,003 shares in the last quarter.

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.