Insider Buying: Herbalife (NYSE:HLF) Director Buys $13,572.00 in Stock

Herbalife Ltd (NYSE:HLF) Director Sophie L’helias acquired 1,200 shares of the stock in a transaction dated Thursday, June 4th. The shares were bought at an average price of $11.31 per share, with a total value of $13,572.00. Following the completion of the transaction, the director directly owned 79,882 shares of the company’s stock, valued at $903,465.42. The trade was a 1.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Herbalife Price Performance

Shares of HLF opened at $11.41 on Friday. Herbalife Ltd has a 1 year low of $7.52 and a 1 year high of $20.40. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 5.00, a price-to-earnings-growth ratio of 0.68 and a beta of 0.88. The business has a 50-day moving average of $14.28 and a 200-day moving average of $14.81.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Herbalife had a negative return on equity of 41.47% and a net margin of 4.67%.The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the company earned $0.59 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Herbalife Ltd will post 2.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Mizuho set a $17.00 target price on Herbalife in a report on Monday, May 4th. Wall Street Zen upgraded Herbalife from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Royal Bank Of Canada lowered their target price on Herbalife from $17.00 to $16.00 and set a “sector perform” rating for the company in a report on Tuesday, April 28th. Zacks Research downgraded Herbalife from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Weiss Ratings downgraded Herbalife from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.80.

Institutional Investors Weigh In On Herbalife

Several hedge funds and other institutional investors have recently modified their holdings of HLF. EverSource Wealth Advisors LLC boosted its position in shares of Herbalife by 12.6% during the first quarter. EverSource Wealth Advisors LLC now owns 7,366 shares of the company’s stock valued at $108,000 after buying an additional 822 shares during the last quarter. Optimize Financial Inc boosted its position in shares of Herbalife by 1.5% during the fourth quarter. Optimize Financial Inc now owns 61,426 shares of the company’s stock valued at $792,000 after buying an additional 880 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Herbalife by 7.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,176 shares of the company’s stock valued at $200,000 after buying an additional 933 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Herbalife by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 36,642 shares of the company’s stock valued at $316,000 after buying an additional 1,217 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Herbalife by 5.9% during the fourth quarter. CWM LLC now owns 24,229 shares of the company’s stock valued at $312,000 after buying an additional 1,348 shares during the last quarter.

About Herbalife

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.