Herbalife (NYSE:HLF) Given Neutral Rating at DA Davidson

Herbalife (NYSE:HLF)‘s stock had its “neutral” rating reaffirmed by DA Davidson in a note issued to investors on Thursday, Benzinga reports. They presently have a $9.50 price objective on the stock. DA Davidson’s price objective suggests a potential upside of 3.04% from the company’s current price.

A number of other research analysts also recently commented on HLF. Bank of America cut their target price on shares of Herbalife from $10.00 to $8.00 and set an “underperform” rating on the stock in a research report on Thursday, March 21st. StockNews.com raised shares of Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Finally, Mizuho cut their target price on shares of Herbalife from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.50.

Herbalife Stock Up 6.2 %

HLF stock traded up $0.54 during trading on Thursday, hitting $9.22. The company had a trading volume of 2,990,324 shares, compared to its average volume of 2,206,438. The firm has a market capitalization of $920.06 million, a P/E ratio of 6.64 and a beta of 1.24. Herbalife has a 52-week low of $6.68 and a 52-week high of $19.48. The company has a 50 day simple moving average of $8.79 and a 200-day simple moving average of $11.63.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.37 by $0.12. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.26 billion. Herbalife had a net margin of 2.81% and a negative return on equity of 19.56%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. Sell-side analysts forecast that Herbalife will post 1.8 earnings per share for the current year.

Insider Activity

In other news, Director Rodica Macadrai purchased 5,175 shares of the stock in a transaction dated Monday, March 11th. The shares were acquired at an average cost of $9.31 per share, for a total transaction of $48,179.25. Following the acquisition, the director now owns 12,716 shares of the company’s stock, valued at $118,385.96. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Rodica Macadrai purchased 5,175 shares of the stock in a transaction dated Monday, March 11th. The shares were acquired at an average cost of $9.31 per share, for a total transaction of $48,179.25. Following the acquisition, the director now owns 12,716 shares of the company’s stock, valued at $118,385.96. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael Johnson bought 61,725 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was bought at an average price of $8.07 per share, with a total value of $498,120.75. Following the completion of the purchase, the chief executive officer now directly owns 603,707 shares in the company, valued at $4,871,915.49. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 85,757 shares of company stock worth $723,278. Corporate insiders own 0.94% of the company’s stock.

Institutional Trading of Herbalife

Institutional investors have recently bought and sold shares of the stock. PEAK6 Investments LLC acquired a new stake in Herbalife in the 3rd quarter worth approximately $146,000. DGS Capital Management LLC acquired a new stake in Herbalife in the 4th quarter worth approximately $165,000. SG Americas Securities LLC acquired a new stake in Herbalife in the 4th quarter worth approximately $184,000. Teacher Retirement System of Texas acquired a new stake in Herbalife in the 4th quarter worth approximately $258,000. Finally, Hollencrest Capital Management lifted its stake in Herbalife by 21.3% during the 1st quarter. Hollencrest Capital Management now owns 17,100 shares of the company’s stock valued at $172,000 after acquiring an additional 3,000 shares during the period.

Herbalife Company Profile

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.