Pekin Hardy Strauss Inc. Purchases 54,100 Shares of Herbalife Ltd $HLF

by · The Cerbat Gem

Pekin Hardy Strauss Inc. increased its position in shares of Herbalife Ltd (NYSE:HLF – Free Report) by 14.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 437,181 shares of the company’s stock after acquiring an additional 54,100 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Herbalife were worth $3,768,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HLF. FNY Investment Advisers LLC purchased a new position in Herbalife in the second quarter worth $29,000. Caitong International Asset Management Co. Ltd grew its stake in Herbalife by 4,406.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,912 shares of the company’s stock worth $42,000 after buying an additional 4,803 shares during the last quarter. CWM LLC increased its position in Herbalife by 199.7% during the 1st quarter. CWM LLC now owns 7,969 shares of the company’s stock valued at $69,000 after buying an additional 5,310 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in Herbalife in the second quarter valued at about $103,000. Finally, MQS Management LLC purchased a new stake in Herbalife in the first quarter valued at about $105,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HLF. Wall Street Zen lowered Herbalife from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Herbalife in a research report on Wednesday, October 8th. Finally, Mizuho upped their price target on shares of Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Herbalife presently has an average rating of “Moderate Buy” and a consensus target price of $11.33.

Read Our Latest Research Report on HLF

Herbalife Price Performance

NYSE:HLF opened at $9.17 on Friday. The company’s fifty day moving average price is $8.90 and its 200-day moving average price is $8.56. Herbalife Ltd has a 1-year low of $5.04 and a 1-year high of $10.83. The firm has a market capitalization of $945.48 million, a P/E ratio of 2.89, a PEG ratio of 0.24 and a beta of 0.87.

Herbalife (NYSE:HLF – Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Herbalife had a net margin of 6.59% and a negative return on equity of 27.36%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share. Herbalife has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that Herbalife Ltd will post 1.57 EPS for the current fiscal year.

Herbalife Profile

(Free Report)

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.

See Also

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