Herbalife LTD. (HLF) Lowered to “Hold” at Zacks Investment Research
Zacks Investment Research cut shares of Herbalife LTD. (NYSE:HLF) from a buy rating to a hold rating in a report published on Wednesday morning.
According to Zacks, “Herbalife is a global network marketing company offering a range of science-based weight management products, nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle. “
HLF has been the subject of several other reports. ValuEngine raised Herbalife LTD. from a hold rating to a buy rating in a report on Friday, September 1st. Pivotal Research reaffirmed a buy rating and set a $120.00 price target on shares of Herbalife LTD. in a report on Thursday, August 31st. BidaskClub downgraded Herbalife LTD. from a strong-buy rating to a buy rating in a report on Monday, July 24th. Tigress Financial reaffirmed a buy rating on shares of Herbalife LTD. in a report on Monday, August 21st. Finally, Citigroup Inc. set a $72.00 target price on Herbalife LTD. and gave the company a hold rating in a report on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $83.25.
Shares of Herbalife LTD. (HLF) traded up 0.30% on Wednesday, reaching $67.70. 1,023,333 shares of the company’s stock traded hands. Herbalife LTD. has a 52-week low of $47.62 and a 52-week high of $74.49. The firm’s 50-day moving average is $67.88 and its 200-day moving average is $67.14. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 14.23 and a beta of 1.23.
Herbalife LTD. (NYSE:HLF) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.41. Herbalife LTD. had a return on equity of 216.82% and a net margin of 9.28%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned $1.29 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts anticipate that Herbalife LTD. will post $4.71 EPS for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new stake in Herbalife LTD. in the second quarter valued at $106,000. Phocas Financial Corp. acquired a new stake in Herbalife LTD. in the second quarter valued at $124,000. MAVEN SECURITIES Ltd acquired a new stake in Herbalife LTD. in the first quarter valued at $146,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Herbalife LTD. by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the company’s stock valued at $180,000 after acquiring an additional 268 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Herbalife LTD. by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 2,821 shares of the company’s stock valued at $201,000 after acquiring an additional 189 shares during the period.
About Herbalife LTD.
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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