Herbalife (NYSE:HLF) Raised to “Buy” at DA Davidson

Herbalife (NYSE:HLF) was upgraded by equities research analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research report issued on Friday,Finviz reports. The firm currently has a $14.00 price objective on the stock, up from their prior price objective of $7.50. DA Davidson’s price objective indicates a potential upside of 74.67% from the stock’s current price.

Herbalife Stock Performance

Herbalife stock opened at $8.02 on Friday. Herbalife has a one year low of $5.04 and a one year high of $12.79. The company has a market cap of $812.25 million, a P/E ratio of 3.22, a price-to-earnings-growth ratio of 0.29 and a beta of 1.03. The business has a fifty day moving average of $6.93 and a two-hundred day moving average of $7.22.

Herbalife (NYSE:HLF) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.08 by $0.28. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Sell-side analysts predict that Herbalife will post 1.57 EPS for the current year.

Insider Buying and Selling

In other news, Director Juan Miguel Mendoza purchased 5,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $8.25 per share, with a total value of $41,250.00. Following the purchase, the director now directly owns 132,500 shares of the company’s stock, valued at $1,093,125. This represents a 3.92 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On Herbalife

Hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its position in shares of Herbalife by 641.5% in the fourth quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company’s stock valued at $29,000 after purchasing an additional 3,714 shares during the last quarter. R Squared Ltd acquired a new position in shares of Herbalife in the fourth quarter worth $63,000. Van ECK Associates Corp lifted its position in shares of Herbalife by 110.4% in the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company’s stock valued at $70,000 after acquiring an additional 5,524 shares in the last quarter. Bridgefront Capital LLC acquired a new stake in shares of Herbalife during the fourth quarter valued at $71,000. Finally, Headlands Technologies LLC increased its position in Herbalife by 12,307.6% during the 4th quarter. Headlands Technologies LLC now owns 11,415 shares of the company’s stock worth $76,000 after purchasing an additional 11,323 shares in the last quarter.

Herbalife Company Profile

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.