Herbalife Ltd. (NYSE:HLF) Director Juan Miguel Mendoza Buys 5,000 Shares

Herbalife Ltd. (NYSE:HLF) Director Juan Miguel Mendoza bought 5,000 shares of the business’s stock in a transaction on Friday, May 2nd. The stock was bought at an average cost of $6.73 per share, with a total value of $33,650.00. Following the transaction, the director now owns 140,000 shares in the company, valued at $942,200. This trade represents a 3.70 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, March 4th, Juan Miguel Mendoza purchased 2,500 shares of Herbalife stock. The stock was purchased at an average price of $8.00 per share, for a total transaction of $20,000.00.
• On Thursday, February 27th, Juan Miguel Mendoza acquired 5,000 shares of Herbalife stock. The shares were purchased at an average price of $8.25 per share, with a total value of $41,250.00.

Herbalife Stock Down 3.6 %

HLF stock opened at $6.74 on Friday. The business’s 50-day moving average price is $7.60 and its 200-day moving average price is $7.25. The stock has a market cap of $686.45 million, a P/E ratio of 2.71, a PEG ratio of 0.29 and a beta of 0.88. Herbalife Ltd. has a twelve month low of $5.04 and a twelve month high of $12.79.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.19. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share. On average, equities research analysts expect that Herbalife Ltd. will post 1.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC lifted 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 acquiring an additional 3,714 shares in the last quarter. R Squared Ltd purchased a new position in Herbalife in the 4th quarter worth approximately $63,000. CWM LLC boosted its stake in Herbalife by 199.7% in the 1st quarter. CWM LLC now owns 7,969 shares of the company’s stock worth $69,000 after purchasing an additional 5,310 shares during the period. Van ECK Associates Corp grew its holdings in Herbalife by 110.4% during the 4th quarter. Van ECK Associates Corp now owns 10,526 shares of the company’s stock valued at $70,000 after buying an additional 5,524 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new stake in shares of Herbalife during the fourth quarter valued at approximately $71,000.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. StockNews.com downgraded Herbalife from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 29th. DA Davidson raised shares of Herbalife from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $7.50 to $14.00 in a report on Friday, March 21st. Finally, Citigroup reduced their target price on shares of Herbalife from $13.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $11.50.

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.