Insider Buying: Herbalife Ltd. (NYSE:HLF) Director Acquires $41,250.00 in Stock

Herbalife Ltd. (NYSE:HLF) Director Juan Miguel Mendoza acquired 5,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of $8.25 per share, with a total value of $41,250.00. Following the completion of the purchase, the director now owns 132,500 shares of the company’s stock, valued at $1,093,125. This trade represents a 3.92 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Herbalife Price Performance

Herbalife stock opened at $8.65 on Thursday. Herbalife Ltd. has a 1-year low of $5.04 and a 1-year high of $12.79. The stock has a market capitalization of $874.85 million, a price-to-earnings ratio of 3.47, a PEG ratio of 0.29 and a beta of 1.15. The business has a fifty day moving average price of $6.56 and a 200-day moving average price of $7.21.

Herbalife (NYSE:HLF) last released its earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.28. The company 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%. On average, equities research analysts anticipate that Herbalife Ltd. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, DA Davidson restated a “neutral” rating and issued a $7.50 price target on shares of Herbalife in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Herbalife currently has a consensus rating of “Hold” and a consensus price target of $9.90.

Hedge Funds Weigh In On Herbalife

Several hedge funds have recently made changes to their positions in the company. Q Global Advisors LLC purchased a new stake in Herbalife in the fourth quarter valued at approximately $2,438,000. Mackenzie Financial Corp acquired a new stake in Herbalife during the 4th quarter valued at approximately $960,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Herbalife by 341.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 149,476 shares of the company’s stock valued at $1,000,000 after acquiring an additional 115,578 shares during the last quarter. PharVision Advisers LLC acquired a new stake in shares of Herbalife in the fourth quarter worth $720,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Herbalife by 21.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,157 shares of the company’s stock worth $1,366,000 after purchasing an additional 35,948 shares during the last quarter.

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.