In a report released today, Linda Bolton Weiser from D.A. Davidson maintained a Hold rating on Herbalife (HLF – Research Report). The company’s shares closed yesterday at $9.38.
Bolton Weiser covers the Consumer Cyclical sector, focusing on stocks such as The Estée Lauder Companies, e.l.f. Beauty, and Medifast. According to TipRanks, Bolton Weiser has an average return of 2.1% and a 45.03% success rate on recommended stocks.
Currently, the analyst consensus on Herbalife is a Hold with an average price target of $12.50.
Based on Herbalife’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.22 billion and a net profit of $10.2 million. In comparison, last year the company earned a revenue of $1.18 billion and had a net profit of $54.4 million
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HLF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Herbalife (HLF) Company Description:
Herbalife Nutrition Ltd. is a holding company, which engages in the development and sale of nutrition solutions. It operates through the following segments: North America; Mexico; South and Central America; Europe, Middle East, and Africa; Asia pacific; and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in George Town, Cayman Islands.
Read More on HLF:
- Herbalife Shareholders Decide on Board and Incentives at AGM
- Herbalife rasies FY24 adjusted EBITDA view to $550M-$590M from $540M-$580M
- Herbalife sees Q2 adjusted EBITDA $140M-$160M vs. $169.6M y/y
- Herbalife reports Q1 EPS 49c, consensus 35c
- Herbalife options imply 11.7% move in share price post-earnings
