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

Herbalife Nutrition Ltd (NYSE:HLF) has been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $52.50.

HLF has been the topic of a number of research reports. Citigroup set a $66.00 price objective on shares of Herbalife Nutrition and gave the company a “buy” rating in a research note on Friday, May 3rd. Jefferies Financial Group reissued a “buy” rating and issued a $65.00 price objective on shares of Herbalife Nutrition in a research note on Tuesday, February 26th. BMO Capital Markets reissued a “hold” rating and issued a $9.00 price objective on shares of Herbalife Nutrition in a research note on Friday, May 17th. Argus cut shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, ValuEngine cut shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research note on Monday, April 1st.

NYSE HLF traded up $0.34 during trading hours on Friday, reaching $41.59. The company’s stock had a trading volume of 18,065 shares, compared to its average volume of 2,088,119. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 14.23 and a beta of 0.51. Herbalife Nutrition has a fifty-two week low of $41.00 and a fifty-two week high of $61.77.

Herbalife Nutrition (NYSE:HLF) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.01). The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.24 billion. Herbalife Nutrition had a net margin of 6.36% and a negative return on equity of 56.65%. Herbalife Nutrition’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. On average, analysts predict that Herbalife Nutrition will post 2.99 earnings per share for the current year.

In other Herbalife Nutrition news, SVP Edi Hienrich sold 738 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $47.62, for a total transaction of $35,143.56. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 6.31% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in HLF. APG Asset Management N.V. boosted its stake 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 purchasing an additional 738,200 shares during the last quarter. Acadian Asset Management LLC lifted 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 period. SG Americas Securities LLC lifted its holdings in shares of Herbalife Nutrition by 100.6% during the 1st quarter. SG Americas Securities LLC now owns 2,580 shares of the company’s stock worth $137,000 after acquiring an additional 457,013 shares during the period. Norges Bank purchased a new position in shares of Herbalife Nutrition during the 4th quarter worth about $25,653,000. Finally, CIBC World Markets Inc. lifted its holdings in shares of Herbalife Nutrition by 196.9% during the 1st quarter. CIBC World Markets Inc. now owns 205,238 shares of the company’s stock worth $10,876,000 after acquiring an additional 417,075 shares during the period. 95.43% of the stock is currently owned by institutional investors.

Herbalife Nutrition Company Profile

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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