Key Points
- Herbalife COO Troy Hicks sold 38,377 shares on Monday at an average price of $12.93, totaling about $496,215. After the sale, he held 9,062 shares, representing an 80.9% reduction in his stake.
- Hicks also sold 10,000 additional shares on Tuesday at an average price of $12.32, bringing the recent insider selling total to more than 48,000 shares.
- Herbalife recently beat quarterly earnings expectations, reporting $0.64 EPS on revenue of $1.32 billion, while analysts currently have an average Hold rating and a consensus price target of $17.80.
Herbalife Ltd (NYSE:HLF - Get Free Report) COO Troy Hicks sold 10,000 shares of the firm's stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $12.32, for a total value of $123,200.00. Following the transaction, the chief operating officer owned 9,706 shares in the company, valued at approximately $119,577.92. This trade represents a 50.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Troy Hicks also recently made the following trade(s):
- On Monday, May 18th, Troy Hicks sold 38,377 shares of Herbalife stock. The shares were sold at an average price of $12.93, for a total value of $496,214.61.
Herbalife Stock Up 3.4%
Shares of HLF stock opened at $12.58 on Thursday. Herbalife Ltd has a 12 month low of $6.63 and a 12 month high of $20.40. The business's 50 day moving average is $15.05 and its two-hundred day moving average is $14.57. The company has a market cap of $1.30 billion, a PE ratio of 5.52, a price-to-earnings-growth ratio of 0.72 and a beta of 0.98.
Herbalife (NYSE:HLF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. Herbalife had a negative return on equity of 41.47% and a net margin of 4.67%.The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the company posted $0.59 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts expect that Herbalife Ltd will post 2.47 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in HLF. Manatuck Hill Partners LLC grew its holdings in shares of Herbalife by 122.2% during the 3rd quarter. Manatuck Hill Partners LLC now owns 1,000,000 shares of the company's stock worth $8,440,000 after purchasing an additional 550,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Herbalife by 29.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,877,717 shares of the company's stock worth $27,638,000 after purchasing an additional 425,968 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in shares of Herbalife during the 3rd quarter worth approximately $3,550,000. Johnson Financial Group LLC grew its holdings in shares of Herbalife by 1,156.1% during the 4th quarter. Johnson Financial Group LLC now owns 414,500 shares of the company's stock worth $5,343,000 after purchasing an additional 381,500 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Herbalife by 60.5% during the 3rd quarter. Invesco Ltd. now owns 763,857 shares of the company's stock worth $6,447,000 after purchasing an additional 287,880 shares in the last quarter.
Analyst Upgrades and Downgrades
HLF has been the subject of a number of recent analyst reports. Citigroup restated a "buy" rating and set a $21.00 price target (up from $17.00) on shares of Herbalife in a report on Thursday, February 19th. Zacks Research cut shares of Herbalife from a "strong-buy" rating to a "hold" rating in a report on Monday, April 20th. Royal Bank Of Canada decreased their price target on shares of Herbalife from $17.00 to $16.00 and set a "sector perform" rating for the company in a report on Tuesday, April 28th. Mizuho set a $17.00 price target on shares of Herbalife in a report on Monday, May 4th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Herbalife in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $17.80.
Get Our Latest Report on HLF
About Herbalife
(
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Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.
Founded in 1980 by Mark R.
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