Herbalife Ltd. (NYSE:HLF) Director Purchases $21,225.00 in Stock

Herbalife Ltd. (NYSE:HLF) Director Juan Miguel Mendoza purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average price of $8.49 per share, for a total transaction of $21,225.00. Following the purchase, the director now directly owns 127,500 shares in the company, valued at $1,082,475. The trade was a 2.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Juan Miguel Mendoza also recently made the following trade(s):

• On Monday, November 4th, Juan Miguel Mendoza acquired 2,500 shares of Herbalife stock. The stock was acquired at an average price of $7.98 per share, for a total transaction of $19,950.00.
• On Monday, September 9th, Juan Miguel Mendoza acquired 10,000 shares of Herbalife stock. The shares were bought at an average cost of $7.11 per share, with a total value of $71,100.00.
• On Monday, August 26th, Juan Miguel Mendoza purchased 10,000 shares of Herbalife stock. The shares were bought at an average price of $8.72 per share, with a total value of $87,200.00.

Herbalife Price Performance

HLF opened at $7.92 on Friday. Herbalife Ltd. has a 12-month low of $6.59 and a 12-month high of $15.66. The stock has a market capitalization of $798.27 million, a PE ratio of 9.32, a P/E/G ratio of 0.29 and a beta of 1.17. The firm’s fifty day moving average price is $7.32 and its 200 day moving average price is $9.25.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.38. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. On average, equities research analysts forecast that Herbalife Ltd. will post 1.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HLF. B. Riley cut their target price on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Mizuho lifted their price objective on Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Citigroup dropped their price target on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, October 25th. StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, DA Davidson decreased their price objective on Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.90.

Institutional Investors Weigh In On Herbalife

A number of hedge funds have recently made changes to their positions in HLF. GAMMA Investing LLC raised its stake in Herbalife by 465.3% during the 2nd quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock valued at $37,000 after acquiring an additional 2,908 shares in the last quarter. nVerses Capital LLC raised its stake in shares of Herbalife by 240.0% during the second quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock valued at $53,000 after purchasing an additional 3,600 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Herbalife by 22.9% during the first quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock valued at $56,000 after purchasing an additional 1,035 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Herbalife by 10.3% in the second quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock worth $90,000 after purchasing an additional 808 shares during the period. Finally, Foundry Partners LLC bought a new position in Herbalife in the 1st quarter valued at about $105,000.

About Herbalife

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.