Argus Upgrades Herbalife (NYSE:HLF) to “Buy”

Herbalife (NYSE:HLF) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating in a report issued on Wednesday, MarketBeat Ratings reports.

HLF has been the topic of a number of other reports. Weiss Ratings reissued a “hold (c)” rating on shares of Herbalife in a research report on Wednesday, October 8th. Wall Street Zen downgraded Herbalife from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.75.

Herbalife Trading Up 12.5%

Herbalife stock opened at $13.31 on Wednesday. The firm has a market cap of $1.37 billion, a P/E ratio of 4.20, a P/E/G ratio of 0.24 and a beta of 0.87. Herbalife has a 1-year low of $5.04 and a 1-year high of $13.35. The firm has a 50-day moving average of $9.11 and a 200-day moving average of $8.92.

Herbalife (NYSE:HLF) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.04. Herbalife had a net margin of 6.59% and a negative return on equity of 27.36%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the business posted $0.57 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Herbalife has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts forecast that Herbalife will post 1.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Lynda Cloud bought 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average cost of $8.97 per share, with a total value of $152,490.00. Following the acquisition, the director owned 38,857 shares in the company, valued at $348,547.29. This trade represents a 77.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.73% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HLF. Vanguard Group Inc. raised its stake in Herbalife by 10.9% during the 1st quarter. Vanguard Group Inc. now owns 12,495,374 shares of the company’s stock valued at $107,835,000 after purchasing an additional 1,223,957 shares during the period. Long Focus Capital Management LLC grew its holdings in Herbalife by 3.9% during the 1st quarter. Long Focus Capital Management LLC now owns 4,943,000 shares of the company’s stock valued at $42,658,000 after buying an additional 184,873 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Herbalife by 13.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,057,219 shares of the company’s stock valued at $26,384,000 after buying an additional 360,659 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Herbalife by 1.1% in the second quarter. Geode Capital Management LLC now owns 2,810,794 shares of the company’s stock worth $24,231,000 after buying an additional 31,077 shares in the last quarter. Finally, Iridian Asset Management LLC CT boosted its position in shares of Herbalife by 9.9% during the third quarter. Iridian Asset Management LLC CT now owns 2,449,155 shares of the company’s stock worth $20,671,000 after acquiring an additional 220,896 shares during the last quarter.

About Herbalife

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.