Herbalife Nutrition Ltd. (NYSE:HLF) – Investment analysts at Jefferies Financial Group lowered their Q1 2021 earnings per share (EPS) estimates for Herbalife Nutrition in a note issued to investors on Tuesday, April 13th. Jefferies Financial Group analyst S. Wissink now expects that the company will post earnings per share of $1.06 for the quarter, down from their prior estimate of $1.07. Jefferies Financial Group also issued estimates for Herbalife Nutrition’s Q4 2021 earnings at $0.99 EPS and Q4 2022 earnings at $1.07 EPS.
HLF has been the topic of several other reports. Smith Barney Citigroup increased their price target on Herbalife Nutrition from $63.00 to $66.00 in a research report on Monday, December 28th. Zacks Investment Research downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on Herbalife Nutrition from $63.00 to $66.00 in a research report on Monday, December 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Herbalife Nutrition has an average rating of “Buy” and an average target price of $56.17.
Herbalife Nutrition (NYSE:HLF) last announced its quarterly earnings results on Tuesday, February 16th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.13). The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Herbalife Nutrition had a negative return on equity of 103.36% and a net margin of 6.64%.
In other news, EVP Robert Levy sold 11,128 shares of the stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $55.46, for a total transaction of $617,158.88. Following the sale, the executive vice president now directly owns 570,774 shares of the company’s stock, valued at approximately $31,655,126.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO David Pezzullo sold 38,350 shares of the firm’s stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $55.00, for a total transaction of $2,109,250.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,910 shares of company stock worth $5,517,836. Corporate insiders own 3.10% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Alpha DNA Investment Management LLC purchased a new position in Herbalife Nutrition in the 4th quarter valued at about $50,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Herbalife Nutrition in the 4th quarter valued at about $53,000. State of Alaska Department of Revenue purchased a new position in Herbalife Nutrition in the 4th quarter valued at about $183,000. Verition Fund Management LLC purchased a new position in Herbalife Nutrition in the 4th quarter valued at about $220,000. Finally, Fox Run Management L.L.C. purchased a new position in Herbalife Nutrition in the 4th quarter valued at about $233,000. 85.28% of the stock is currently owned by hedge funds and other institutional investors.
About Herbalife Nutrition
Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition. It offers weight management products, including meal replacement products, protein shakes, drink mixes, weight loss enhancers, and healthy snacks; targeted nutrition products, which include functional beverages, and dietary and nutritional supplements that contain herbs, vitamins, minerals, and other natural ingredients; outer nutrition products, such as facial skin, body, and hair care products; and energy, sports, and fitness products comprising N-R-G tea and energy drink products.
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