Herbalife (NYSE:HLF) Upgraded at DA Davidson

DA Davidson upgraded shares of Herbalife (NYSE:HLF) from a neutral rating to a buy rating in a report issued on Friday, Marketbeat.com reports. DA Davidson currently has $14.00 price target on the stock, up from their previous price target of $7.50.

Herbalife Stock Performance

NYSE HLF opened at $8.42 on Friday. The company has a market capitalization of $852.89 million, a price-to-earnings ratio of 3.38, a price-to-earnings-growth ratio of 0.29 and a beta of 1.03. The company’s 50-day simple moving average is $6.97 and its two-hundred day simple moving average is $7.21. Herbalife has a one year low of $5.04 and a one year high of $12.79.

Herbalife (NYSE:HLF) last posted its earnings results on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.28. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. Equities analysts expect that Herbalife will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Herbalife

In other news, Director Juan Miguel Mendoza acquired 5,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $8.25 per share, with a total value of $41,250.00. Following the transaction, the director now directly owns 132,500 shares in the company, valued at approximately $1,093,125. This represents a 3.92 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.73% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC grew its position in shares of Herbalife by 641.5% in the 4th quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company’s stock worth $29,000 after buying an additional 3,714 shares during the last quarter. R Squared Ltd purchased a new position in shares of Herbalife in the 4th quarter worth approximately $63,000. Van ECK Associates Corp grew its position in shares of Herbalife by 110.4% in the 4th quarter. Van ECK Associates Corp now owns 10,526 shares of the company’s stock worth $70,000 after buying an additional 5,524 shares during the last quarter. Bridgefront Capital LLC purchased a new position in shares of Herbalife in the 4th quarter worth approximately $71,000. Finally, Headlands Technologies LLC grew its position in shares of Herbalife by 12,307.6% in the 4th quarter. Headlands Technologies LLC now owns 11,415 shares of the company’s stock worth $76,000 after buying an additional 11,323 shares during 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.