Herbalife Ltd. (NYSE:HLF) Director Juan Miguel Mendoza Acquires 16,079 Shares

Herbalife Ltd. (NYSE:HLF) Director Juan Miguel Mendoza purchased 16,079 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were bought at an average price of $9.40 per share, for a total transaction of $151,142.60. Following the completion of the transaction, the director now owns 54,622 shares of the company’s stock, valued at $513,446.80. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Herbalife Price Performance

Shares of HLF opened at $10.05 on Friday. The firm has a market cap of $1.00 billion, a P/E ratio of 7.08 and a beta of 1.21. The stock has a 50 day simple moving average of $10.02 and a two-hundred day simple moving average of $12.51. Herbalife Ltd. has a 1 year low of $6.68 and a 1 year high of $19.48.

Herbalife (NYSE:HLF) last issued its earnings results on Wednesday, February 14th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.10). The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Herbalife had a negative return on equity of 19.56% and a net margin of 2.81%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. On average, equities analysts anticipate that Herbalife Ltd. will post 1.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America decreased their price target on Herbalife from $10.00 to $8.00 and set an “underperform” rating on the stock in a research report on Thursday, March 21st. DA Davidson decreased their price objective on shares of Herbalife from $11.00 to $9.50 and set a “neutral” rating on the stock in a research report on Monday, March 25th. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Finally, Mizuho decreased their price objective on shares of Herbalife from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.50.

Institutional Trading of Herbalife

Several hedge funds and other institutional investors have recently bought and sold shares of HLF. Vanguard Group Inc. boosted its stake in shares of Herbalife by 8.7% during the third quarter. Vanguard Group Inc. now owns 13,065,944 shares of the company’s stock valued at $259,881,000 after purchasing an additional 1,050,992 shares during the period. BlackRock Inc. boosted its stake in shares of Herbalife by 26.6% during the third quarter. BlackRock Inc. now owns 8,604,102 shares of the company’s stock valued at $171,134,000 after purchasing an additional 1,807,216 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Herbalife by 7.0% during the first quarter. Renaissance Technologies LLC now owns 6,968,748 shares of the company’s stock valued at $112,197,000 after purchasing an additional 456,384 shares during the period. UBS Group AG boosted its stake in shares of Herbalife by 5.6% during the third quarter. UBS Group AG now owns 3,989,128 shares of the company’s stock valued at $55,808,000 after purchasing an additional 209,949 shares during the period. Finally, Bronte Capital Management Pty Ltd. boosted its stake in shares of Herbalife by 3.5% during the third quarter. Bronte Capital Management Pty Ltd. now owns 3,121,467 shares of the company’s stock valued at $43,669,000 after purchasing an additional 104,567 shares during the period.

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.