Herbalife (NYSE:HLF) PT Lowered to $9.50 at DA Davidson

Herbalife (NYSE:HLF) had its target price cut by DA Davidson from $11.00 to $9.50 in a research report report published on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

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

Herbalife Stock Up 2.0 %

Shares of Herbalife stock opened at $9.48 on Monday. Herbalife has a 12-month low of $6.68 and a 12-month high of $19.48. The stock has a market cap of $945.51 million, a P/E ratio of 6.67 and a beta of 1.21. The business’s 50 day moving average is $10.12 and its 200-day moving average is $12.56.

Herbalife (NYSE:HLF) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.10). Herbalife had a negative return on equity of 19.56% and a net margin of 2.81%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts expect that Herbalife will post 1.8 EPS for the current year.

Insider Buying and Selling at Herbalife

In other news, CEO Michael Johnson acquired 61,725 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were purchased 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 directly owns 603,707 shares in the company, valued at approximately $4,871,915.49. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Michael Johnson acquired 61,725 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were purchased 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 directly owns 603,707 shares in the company, valued at approximately $4,871,915.49. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Juan Miguel Mendoza acquired 16,079 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average cost of $9.40 per share, for a total transaction of $151,142.60. Following the completion of the acquisition, the director now owns 54,622 shares in the company, valued at $513,446.80. The disclosure for this purchase can be found here. Insiders have bought a total of 85,757 shares of company stock valued at $723,278 in the last ninety days. 0.94% of the stock is currently owned by corporate insiders.

Institutional Trading of Herbalife

Large investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. grew its holdings in shares of Herbalife by 150.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 1,900 shares of the company’s stock worth $31,000 after purchasing an additional 1,140 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Herbalife during the 3rd quarter worth $66,000. Ameritas Investment Partners Inc. grew its holdings in shares of Herbalife by 9.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,166 shares of the company’s stock worth $108,000 after purchasing an additional 736 shares in the last quarter. Point72 Middle East FZE acquired a new stake in shares of Herbalife during the 4th quarter worth $121,000. Finally, Advisor Group Holdings Inc. grew its holdings in shares of Herbalife by 50.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,243 shares of the company’s stock worth $128,000 after purchasing an additional 1,415 shares in the last quarter.

About Herbalife

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.