Insider Buying: Herbalife Nutrition Ltd. (NYSE:HLF) CEO Buys 5,000 Shares of Stock

Herbalife Nutrition Ltd. (NYSE:HLF) CEO John O. Agwunobi purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 17th. The shares were purchased at an average cost of $44.90 per share, with a total value of $224,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSE:HLF opened at $43.78 on Thursday. Herbalife Nutrition Ltd. has a one year low of $41.31 and a one year high of $59.00. The company has a 50 day moving average of $49.67 and a 200-day moving average of $49.41. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 10.25 and a beta of 0.91.

Herbalife Nutrition (NYSE:HLF) last issued its quarterly earnings results on Tuesday, August 3rd. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.25 by $0.27. Herbalife Nutrition had a net margin of 8.41% and a negative return on equity of 51.15%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.55 billion. On average, sell-side analysts anticipate that Herbalife Nutrition Ltd. will post 4.91 EPS for the current year.

Several large investors have recently modified their holdings of HLF. Victory Capital Management Inc. grew its position in shares of Herbalife Nutrition by 116.2% during the 1st quarter. Victory Capital Management Inc. now owns 154,775 shares of the company’s stock worth $6,866,000 after buying an additional 83,179 shares during the period. Envestnet Asset Management Inc. boosted its stake in Herbalife Nutrition by 10.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 11,216 shares of the company’s stock worth $498,000 after acquiring an additional 1,049 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Herbalife Nutrition by 1.1% during the 1st quarter. Alliancebernstein L.P. now owns 49,864 shares of the company’s stock worth $2,212,000 after acquiring an additional 530 shares during the last quarter. Swiss National Bank boosted its stake in Herbalife Nutrition by 0.4% during the 1st quarter. Swiss National Bank now owns 225,472 shares of the company’s stock worth $10,002,000 after acquiring an additional 800 shares during the last quarter. Finally, Diversified Trust Co bought a new position in Herbalife Nutrition during the 1st quarter worth approximately $227,000. Institutional investors own 90.26% of the company’s stock.

HLF has been the subject of several research reports. Jefferies Financial Group initiated coverage on shares of Herbalife Nutrition in a research report on Wednesday, September 15th. They issued a “buy” rating and a $65.00 price objective for the company. Zacks Investment Research cut shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Friday, August 6th. B. Riley lowered their price objective on shares of Herbalife Nutrition from $70.00 to $61.00 and set a “buy” rating for the company in a research report on Wednesday, September 15th. They noted that the move was a valuation call. Royal Bank of Canada raised their price objective on shares of Herbalife Nutrition from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 18th. Finally, Citigroup lowered their price objective on shares of Herbalife Nutrition from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, September 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Herbalife Nutrition has a consensus rating of “Buy” and an average target price of $54.00.

Herbalife Nutrition Company Profile

Herbalife Nutrition Ltd. is a holding company, which engages in the development and sale of nutrition solutions. It operates through the following segments: North America; Mexico; South and Central America; Europe, Middle East, and Africa; Asia pacific; and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in George Town, Cayman Islands.

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Insider Buying and Selling by Quarter for Herbalife Nutrition (NYSE:HLF)

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