Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) – Jefferies Financial Group lowered its earnings guidance for the third quarter of 2022 for Herbalife Nutrition stock in a research note issued to investors on Thursday, October 13. rice field. Jefferies Financial Group analyst S. Wissink expects the company to post earnings of $0.71 per share in the current quarter, up from his previous forecast of $0.74. is declining from Jefferies Financial Group is currently rated Buy with a price target of $26.00. Herbalife Nutrition’s current consensus estimate for annual earnings is $3.39 per share. Jefferies Financial Group estimated his first quarter 2023 earnings at EPS of $0.82 and second quarter 2023 earnings at EPS of $1.06.
Several other equity analysts have also recently commented on HLF. StockNews.com began coverage of Herbalife Nutrition shares in a report on Wednesday, October 12th. They have set a “buy” rating on the stock. The Royal Bank of Canada raised its price target for Herbalife Nutrition from $13.00 to $14.00 and gave the company a ‘Sector Performing’ rating, in a report on Thursday, Aug. 11. Finally, Citigroup lowered his price target on Herbalife Nutrition stock from $36.00 to $30.00, giving it a “buy” rating in its research notes on Wednesday, Oct. 5. Two research analysts gave the stock a Hold rating and three gave the stock a Buy rating. Based on MarketBeat.com data, Herbalife Nutrition currently has a consensus rating of “moderate buy” and an average target price of $27.75.
Herbalife Nutrition Trading Down 4.1%
NYSE:HLF shares opened at $20.56 on Monday. The company has a market capitalization of $2.22 billion, a price/earnings ratio of 6.23 and a beta of 1.16. Herbalife Nutrition has a 12-month low of $19.30 and a 12-month high of $47.86. The company has a 50-day moving average of $24.63 and a 200-day moving average of $24.50.
Herbalife Nutrition (NYSE:HLF – Get Rating) last reported quarterly results on Tuesday, Aug. 2. The company reported quarterly EPS of $0.96, beating consensus expectations of $0.63 by $0.33. The company made $1.39 billion in revenue for the quarter, compared to consensus expectations of $1.30 billion. Herbalife Nutrition had a net profit margin of 6.21% and a return on equity of 27.55%.
Hedge funds look to Herbalife Nutrition
Many hedge funds have recently increased or decreased their equity holdings. Gradius Capital Management LP increased his position in Herbalife Nutrition stocks by 13.7% in the first quarter. Gladius Capital Management LP now owns 4,998 shares of the company worth $152,000 after purchasing an additional 601 of his shares during this period. Inspire Advisors LLC purchased approximately $364,000 of new equity in Herbalife Nutrition in the first quarter. Bank of Nova Scotia purchased new shares in Herbalife Nutrition worth approximately $7,575,000 in the first quarter. Landscape Capital Management LLC increased its position in Herbalife Nutrition stock by 3.7% in the first quarter. Landscape Capital Management LLC owns 155,496 shares of the company worth $4,721,000 after purchasing an additional 5,508 of his shares during this period. Finally, Mitsubishi UFJ Trust and Banking increased its position in Herbalife Nutrition by 16.2% in the first quarter. Mitsubishi UFJ Trust and Banking now owns 118,692 shares worth $3,603,000 after acquiring an additional 16,509 shares during the previous quarter. Currently 92.32% of the shares are owned by institutional investors.
Herbalife Nutrition Company Profile
(get rating)
Herbalife Nutrition Ltd. is a holding company that develops and markets nutritional solutions. It operates in segments of North America, Mexico, Latin America, Europe, Middle East, Africa, Asia Pacific and China. The company was founded by Mark Reynolds Hughes in his February 1980 and is headquartered in Georgetown, Cayman Islands.
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