Herbalife Nutrition (NYSE:HLF) Upgraded by StockNews.com to Buy

Herbalife Nutrition (NYSE:HLF – Get Rating) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other research analysts have also issued reports on HLF. Citigroup raised their target price on Herbalife Nutrition from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, March 1st. Bank of America began coverage on Herbalife Nutrition in a research report on Friday, February 3rd. They set an “underperform” rating and a $14.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.60.

Herbalife Nutrition Price Performance

Herbalife Nutrition stock opened at $17.02 on Friday. The business has a 50 day moving average of $18.17 and a 200-day moving average of $18.62. The company has a market capitalization of $1.67 billion, a P/E ratio of 5.29 and a beta of 1.13. Herbalife Nutrition has a 1 year low of $12.04 and a 1 year high of $34.51.

Herbalife Nutrition (NYSE:HLF – Get Rating) last announced its quarterly earnings results on Tuesday, February 14th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.39. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Herbalife Nutrition had a net margin of 6.17% and a negative return on equity of 24.61%. The company’s revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. Equities analysts anticipate that Herbalife Nutrition will post 2.63 EPS for the current year.

Insider Transactions at Herbalife Nutrition

In other Herbalife Nutrition news, Director Sophie L’helias bought 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The shares were bought at an average price of $19.48 per share, for a total transaction of $165,580.00. Following the transaction, the director now directly owns 17,060 shares in the company, valued at $332,328.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Institutional Investors Weigh In On Herbalife Nutrition

A number of large investors have recently bought and sold shares of the stock. Wipfli Financial Advisors LLC bought a new position in shares of Herbalife Nutrition during the 3rd quarter worth about $31,000. Eagle Bay Advisors LLC boosted its holdings in Herbalife Nutrition by 87.6% in the third quarter. Eagle Bay Advisors LLC now owns 1,799 shares of the company’s stock worth $35,000 after acquiring an additional 840 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Herbalife Nutrition by 207.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,820 shares of the company’s stock valued at $27,000 after acquiring an additional 1,228 shares during the period. Advisor Group Holdings Inc. increased its holdings in shares of Herbalife Nutrition by 50.0% during the first quarter. Advisor Group Holdings Inc. now owns 4,243 shares of the company’s stock valued at $128,000 after acquiring an additional 1,415 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Herbalife Nutrition by 48.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,723 shares of the company’s stock worth $70,000 after purchasing an additional 1,538 shares in the last quarter. 98.91% of the stock is currently owned by institutional investors and hedge funds.

Herbalife Nutrition Company Profile

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Herbalife Nutrition Ltd. engages in the provision of health and wellness products. It operates through the following geographical segments: North America, Latin America, EMEA, Asia Pacific, and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in Los Angeles, CA.