Herbalife Nutrition (NYSE:HLF) Downgraded to “Strong Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Herbalife Nutrition (NYSE:HLFGet Rating) from a hold rating to a strong sell rating in a research note published on Friday, Zacks.com reports.

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. “

A number of other equities research analysts also recently commented on the company. Jefferies Financial Group downgraded Herbalife Nutrition from a buy rating to a hold rating and reduced their target price for the company from $60.00 to $26.00 in a research report on Wednesday. Citigroup reduced their target price on Herbalife Nutrition from $46.00 to $36.00 in a research report on Wednesday. B. Riley reduced their target price on Herbalife Nutrition from $50.00 to $41.00 in a research report on Wednesday. Finally, StockNews.com upgraded Herbalife Nutrition from a hold rating to a buy rating in a research report on Sunday, April 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $39.50.

NYSE HLF traded down $0.65 on Friday, reaching $24.41. 2,169,192 shares of the company were exchanged, compared to its average volume of 1,686,804. The business’s fifty day moving average price is $30.84 and its 200 day moving average price is $37.94. The stock has a market capitalization of $2.65 billion, a P/E ratio of 6.54 and a beta of 1.07. Herbalife Nutrition has a fifty-two week low of $23.75 and a fifty-two week high of $55.78.

Herbalife Nutrition (NYSE:HLFGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.09. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.38 billion. Herbalife Nutrition had a negative return on equity of 33.49% and a net margin of 7.06%. The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 earnings per share. Research analysts anticipate that Herbalife Nutrition will post 3.83 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of HLF. Gables Capital Management Inc. purchased a new stake in Herbalife Nutrition during the 4th quarter worth about $33,000. Johnson Financial Group Inc. purchased a new stake in Herbalife Nutrition during the 4th quarter worth about $109,000. Islay Capital Management LLC increased its holdings in Herbalife Nutrition by 18.3% during the 4th quarter. Islay Capital Management LLC now owns 2,712 shares of the company’s stock worth $111,000 after purchasing an additional 419 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in Herbalife Nutrition during the 1st quarter worth about $122,000. Finally, Advisor Group Holdings Inc. increased its holdings in Herbalife Nutrition 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 during the period.

About Herbalife Nutrition (Get Rating)

Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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