Herbalife (NYSE:HLF) Stock Rating Upgraded by Texas Capital

by · The Cerbat Gem

Herbalife (NYSE:HLF – Get Free Report) was upgraded by stock analysts at Texas Capital to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.

A number of other research firms have also issued reports on HLF. Wall Street Zen upgraded Herbalife from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group set a $21.00 price target on Herbalife in a research report on Thursday. Weiss Ratings cut Herbalife from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 24th. Finally, Citigroup reissued a “buy” rating and set a $17.00 price objective (down from $21.00) on shares of Herbalife in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.67.

View Our Latest Stock Report on HLF

Herbalife Stock Up 1.8%

Shares of HLF opened at $11.89 on Thursday. The company has a market cap of $1.25 billion, a P/E ratio of 7.67, a PEG ratio of 0.39 and a beta of 0.85. Herbalife has a fifty-two week low of $7.56 and a fifty-two week high of $20.40. The firm’s 50 day moving average price is $12.21 and its 200 day moving average price is $13.42.

Herbalife (NYSE:HLF – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). Herbalife had a net margin of 3.16% and a negative return on equity of 43.90%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the business earned $0.59 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Research analysts forecast that Herbalife will post 2.68 earnings per share for the current year.

Herbalife declared that its board has approved a stock repurchase plan on Tuesday, September 8th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 19.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Herbalife

Institutional investors have recently bought and sold shares of the business. Miramontes Capital LLC acquired a new position in shares of Herbalife during the 2nd quarter worth about $179,000. Tidal Investments LLC acquired a new stake in shares of Herbalife during the 2nd quarter worth about $140,000. Engineers Gate Manager LP lifted its stake in Herbalife by 154.1% during the second quarter. Engineers Gate Manager LP now owns 202,483 shares of the company’s stock worth $2,663,000 after purchasing an additional 122,788 shares during the last quarter. Squarepoint Ops LLC lifted its stake in Herbalife by 39.4% during the second quarter. Squarepoint Ops LLC now owns 428,376 shares of the company’s stock worth $5,633,000 after purchasing an additional 121,026 shares during the last quarter. Finally, Corient Private Wealth LP boosted its holdings in Herbalife by 697.8% in the second quarter. Corient Private Wealth LP now owns 179,125 shares of the company’s stock valued at $2,355,000 after purchasing an additional 156,672 shares in the last quarter.

About Herbalife

(Get Free Report)

Herbalife Ltd. (NYSE: HLF) is a global nutrition and wellness company that develops and sells products through a network of independent distributors. Its offerings are designed to support weight management, balanced nutrition, energy, sports performance and personal care.

The company’s product portfolio includes meal-replacement shakes, protein and fiber products, dietary supplements, vitamins, herbal teas, sports nutrition products and skin- and body-care items. Herbalife distributes its products in markets around the world, including North America, Latin America, Europe, Asia-Pacific and Africa, primarily through direct selling and independent members who provide product information and personalized support to consumers.

Herbalife was founded in 1980 by Mark Hughes and has since expanded from a primarily weight-management business into a broader nutrition and wellness enterprise.

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