Herbalife Ltd. (NYSE:HLF) – Research analysts at SunTrust Banks raised their Q1 2018 EPS estimates for Herbalife in a report released on Thursday. SunTrust Banks analyst M. Swartz now expects that the company will post earnings per share of $1.24 for the quarter, up from their previous forecast of $1.20. SunTrust Banks has a “Hold” rating and a $67.00 price target on the stock. SunTrust Banks also issued estimates for Herbalife’s Q2 2018 earnings at $1.65 EPS, Q3 2018 earnings at $1.13 EPS, Q4 2018 earnings at $1.37 EPS and FY2019 earnings at $6.00 EPS.
Several other research analysts also recently issued reports on HLF. Pivotal Research reaffirmed a “buy” rating and set a $120.00 price target on shares of Herbalife in a research note on Tuesday, October 3rd. Zacks Investment Research downgraded Herbalife from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine downgraded Herbalife from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 4th. Finally, Citigroup reaffirmed a “hold” rating and set a $73.00 price target (up previously from $71.00) on shares of Herbalife in a research note on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $83.25.
Herbalife (NYSE:HLF) last released its earnings results on Thursday, November 2nd. The company reported $0.82 EPS for the quarter, meeting analysts’ consensus estimates of $0.82. Herbalife had a return on equity of 176.64% and a net margin of 8.60%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $1.21 earnings per share. Herbalife’s quarterly revenue was down 3.3% compared to the same quarter last year.
In related news, SVP Thomas Harms sold 8,532 shares of the business’s stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $68.49, for a total value of $584,356.68. Following the completion of the transaction, the senior vice president now owns 1,000 shares of the company’s stock, valued at approximately $68,490. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Levy sold 6,980 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $78.54, for a total transaction of $548,209.20. Following the completion of the transaction, the executive vice president now directly owns 212,595 shares of the company’s stock, valued at approximately $16,697,211.30. The disclosure for this sale can be found here. Insiders have sold a total of 35,179 shares of company stock valued at $2,548,750 in the last ninety days. Corporate insiders own 4.95% of the company’s stock.
A number of hedge funds have recently made changes to their positions in HLF. Phocas Financial Corp. acquired a new position in Herbalife in the 2nd quarter valued at about $124,000. Opera Trading Capital acquired a new position in Herbalife in the 3rd quarter valued at about $185,000. The Manufacturers Life Insurance Company grew its holdings in Herbalife by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,821 shares of the company’s stock valued at $201,000 after buying an additional 189 shares during the period. FDx Advisors Inc. purchased a new stake in Herbalife in the 3rd quarter valued at about $227,000. Finally, Fox Run Management L.L.C. purchased a new stake in Herbalife in the 3rd quarter valued at about $237,000.
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Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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