Juan Miguel Mendoza Purchases 5,000 Shares of Herbalife Ltd. (NYSE:HLF) Stock

Herbalife Ltd. (NYSE:HLF) Director Juan Miguel Mendoza purchased 5,000 shares of the stock in a transaction on 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 acquisition, the director now directly owns 132,500 shares in the company, valued at $1,093,125. This represents a 3.92 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Herbalife Stock Up 0.4 %

Shares of HLF opened at $8.14 on Wednesday. The company has a market capitalization of $824.15 million, a price-to-earnings ratio of 3.27, a price-to-earnings-growth ratio of 0.29 and a beta of 1.15. Herbalife Ltd. has a 52-week low of $5.04 and a 52-week high of $12.79. The stock has a 50 day moving average price of $6.52 and a 200 day moving average price of $7.20.

Herbalife (NYSE:HLF) last issued its earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share (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 business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. On average, equities analysts anticipate that Herbalife Ltd. will post 1.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reaffirmed a “neutral” rating and set a $7.50 price objective on shares of Herbalife in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.90.

Hedge Funds Weigh In On Herbalife

Hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its holdings 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 buying an additional 3,714 shares during the last quarter. R Squared Ltd acquired a new stake in Herbalife in the fourth quarter valued at $63,000. Van ECK Associates Corp lifted its holdings in 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 during the period. Bridgefront Capital LLC purchased a new stake in shares of Herbalife during the 4th quarter worth $71,000. Finally, Headlands Technologies LLC grew its stake in shares of 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 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.