Insider Buying: Herbalife Ltd. (NYSE:HLF) Director Purchases $33,650.00 in Stock

Herbalife Ltd. (NYSE:HLF) Director Juan Miguel Mendoza purchased 5,000 shares of Herbalife stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average price of $6.73 per share, for a total transaction of $33,650.00. Following the acquisition, the director now owns 140,000 shares in the company, valued at $942,200. This trade represents a 3.70 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, March 4th, Juan Miguel Mendoza bought 2,500 shares of Herbalife stock. The shares were acquired at an average cost 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 bought at an average cost of $8.25 per share, for a total transaction of $41,250.00.

Herbalife Stock Performance

Shares of NYSE HLF opened at $6.74 on Friday. The company has a 50 day simple moving average of $7.60 and a two-hundred day simple moving average of $7.25. Herbalife Ltd. has a fifty-two week low of $5.04 and a fifty-two week high of $12.79. The company has a market capitalization of $686.45 million, a price-to-earnings ratio of 2.71, a P/E/G ratio of 0.29 and a beta of 0.88.

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

Hedge Funds Weigh In On Herbalife

A number of hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC raised its holdings in Herbalife by 641.5% in the fourth 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. CWM LLC raised its holdings 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 acquiring an additional 5,310 shares during the last quarter. R Squared Ltd bought a new position in Herbalife in the 4th quarter valued at approximately $63,000. Van ECK Associates Corp boosted its stake 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 purchasing an additional 5,524 shares during the last quarter. Finally, Bridgefront Capital LLC bought a new stake in shares of Herbalife in the 4th quarter worth $71,000.

Analyst Ratings Changes

HLF has been the subject of a number of research reports. DA Davidson raised shares of Herbalife from a “neutral” rating to a “buy” rating and increased their price target for the stock from $7.50 to $14.00 in a research note on Friday, March 21st. Citigroup decreased their target price on Herbalife from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Finally, StockNews.com lowered Herbalife from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Herbalife has a consensus rating of “Moderate Buy” and an average target price of $11.50.

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.