Herbalife Nutrition (NYSE:HLF) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Herbalife Nutrition (NYSE:HLF) from a sell rating to a hold rating in a research note published on Thursday morning, ValuEngine reports.

HLF has been the topic of several other research reports. BMO Capital Markets restated a hold rating and issued a $9.00 price objective on shares of Herbalife Nutrition in a research note on Friday, May 17th. Argus lowered Herbalife Nutrition from a buy rating to a hold rating in a research note on Wednesday, April 10th. Finally, Citigroup set a $66.00 price objective on Herbalife Nutrition and gave the company a buy rating in a research note on Friday, May 3rd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $55.17.

NYSE:HLF traded down $2.76 on Thursday, hitting $38.00. The company’s stock had a trading volume of 6,353,187 shares, compared to its average volume of 2,068,478. The firm has a fifty day moving average of $42.02. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 13.19 and a beta of 0.43. Herbalife Nutrition has a one year low of $36.62 and a one year high of $61.77.

Herbalife Nutrition (NYSE:HLF) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.05). The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.30 billion. Herbalife Nutrition had a net margin of 6.36% and a negative return on equity of 56.65%. Herbalife Nutrition’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. On average, research analysts forecast that Herbalife Nutrition will post 2.9 EPS for the current fiscal year.

In other news, SVP Edi Hienrich sold 738 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $47.62, for a total transaction of $35,143.56. Following the transaction, the senior vice president now owns 22,246 shares in the company, valued at $1,059,354.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.31% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Herbalife Nutrition by 7.3% during the first quarter. BlackRock Inc. now owns 5,639,064 shares of the company’s stock worth $298,812,000 after purchasing an additional 383,340 shares during the period. Acadian Asset Management LLC increased its stake in shares of Herbalife Nutrition by 41.9% during the first quarter. Acadian Asset Management LLC now owns 2,426,254 shares of the company’s stock worth $128,572,000 after purchasing an additional 716,942 shares during the period. AJO LP grew its position in Herbalife Nutrition by 8.8% during the first quarter. AJO LP now owns 1,182,484 shares of the company’s stock worth $62,660,000 after buying an additional 96,116 shares in the last quarter. Geode Capital Management LLC grew its position in Herbalife Nutrition by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 1,135,217 shares of the company’s stock worth $66,920,000 after buying an additional 55,198 shares in the last quarter. Finally, Bronte Capital Management Pty Ltd. grew its position in Herbalife Nutrition by 0.7% during the first quarter. Bronte Capital Management Pty Ltd. now owns 943,128 shares of the company’s stock worth $49,976,000 after buying an additional 6,383 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Herbalife Nutrition Company Profile

Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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Analyst Recommendations for Herbalife Nutrition (NYSE:HLF)

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