On Jan. 06, Desimone John divested U.S. $3,868,366 in shares of Herbalife Nutrition Ltd.. The Pres sold 72,985 shares at a price per share of $53.00. The transaction decreased this specific insider’s holdings to 172,796 shares worth around $8.87 million at present.
CFRA took its Herbalife Nutrition Ltd. [HLF] rating to the equivalent of a Buy from a Sell,in a research note dated August 07, 2020. Other analysts also revised their coverage, with CFRA’s analysts upgrading the shares from “a Sell” rating to “a Buy” rating in a research note to investors issued in early August. In addition, there was no change from Pivotal Research Group on August 02, 2019. The rater maintained HLF to “a Buy” but assigned new target price of $65.
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Is Herbalife Nutrition Ltd. [NYSE:HLF] a Good Buy Right Now?
It should be noted that HLF technical indicators for short, intermediate as well as long term progress have placed an overall average of 88% as Buy. The average signal changed from 32% Buy in the last week and compares with 48% Buy in the past month. Data from Herbalife Nutrition Ltd.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 0.93 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.99 million shares while the medium term average advocated for 50% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.04 million shares.
HLF Price Performance
On Wall Street, Herbalife Nutrition Ltd. [NYSE:HLF] finished Friday’s session down -2.40% at $51.32. The stock went up to $52.90 at the same session while its lowest single day price was $50.58. In the last five days, it saw a rise of about 6.81%, Herbalife Nutrition Ltd. shares gained by almost 6.81% since the beginning of the year. However, the share price has dropped to as low as -5.66% below its one year high. On 01/07/21, the company shares recorded $54.40, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $46.77. The company’s shares have inclined by 8.18% in the past year. The 50-day SMA achieved is $48.29 while the 200-day SMA is $45.27. Volume gained to 1.2 million from 0.68 million in the previous session.
Herbalife Nutrition Ltd. [HLF] Valuation Measures
Notably, Herbalife Nutrition Ltd. [HLF] stock can be classified as a good candidate in the listing of underestimated low-priced Packaged Foods companies to purchase soonest possible with the prevailing 12-month PE ratio of 19.77. The measure means the stock is exchanging at a discount as compared to the 19.90x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 1.29 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.06 which means HLF serve an attractive investment opportunity compared to its competitors.
HLF Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 50.30 level, and in case of violation of this particular level, it will cause more drop to 49.28 level. On the upper level, 53.92 is still the key resistance. The stock may increase to the subsequent resistance at 52.62. The Relative Strength Index (RSI) pinned on the 14-day chart is 58.78, implying a neutral technical stance while the MACD stands at 3.11, meaning price will increase in the next trading period. Percent R indicator moved to 40.37%, implying low price movement. Stochastic %K at 76.63% suggest holding the stock.
What is the short interest in Herbalife Nutrition Ltd.?
Short interest in the Herbalife Nutrition Ltd. stock has plunged, decreasing by -0.4 million shares to total 6.04 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 5.64 million, data from Yahoo Finance shows. The increase of 6.62% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 10.90% of the overall float for the stock.
Herbalife Nutrition Ltd.’s Biggest Shareholders: Who Owns Herbalife Nutrition Ltd. [HLF]?
Filings by Capital Research & Management Co showed that the firm now holds a total of 18,399,666 shares or roughly 13.98% of the outstanding HLF shares. This means their shares have increased by 1,844 from the 18,399,666 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, Renaissance Technologies LLC updated stake is worth $526,065,119. Details in the latest 13F filings reveal that The Vanguard Group, Inc. acquired their 7.42% stake valued at $471,114,122 while Icahn Associates Holding LLC cut theirs at $384,184,828. During the last quarter, The Vanguard Group, Inc. raised 679,111 of its shares in Herbalife Nutrition Ltd. while Icahn Associates Holding LLC sold -12,486,993 shares. The Route One Investment Co. LP’s holdings currently number 5,605,694 shares at $287684216.08. According to the firm’s last 13F report, Fidelity Management & Research Co shares in the company at filing stood at 4,477,263 shares, roughly $214,505,670.
HLF Earnings Forecast For The Current Quarter
Herbalife Nutrition Ltd. [HLF] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $1.44B and an earnings per share of $0.83 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.42B at an EPS of $1.14 for Mar 2021. The estimates represent upside of 8.60% and 17.06% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
HLF Earnings Estimates For The Current Year
For the financial year, Herbalife Nutrition Ltd. [NYSE:HLF] is expected to bring in revenue of $5.57B. The returns are nearly $690.0 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 3.77, higher than that of FY19 by $0.95. Estimates put this year’s earnings growth at 33.70%, 17.00% for the next, and at an annual -0.50% over the next 5-year period. As for sales, forecasts are for an increase of 14.20% in the current fiscal year and a further 8.60% over the following year.
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What are analyst thoughts on Herbalife Nutrition Ltd.?
Looking forward to the Herbalife Nutrition Ltd. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Herbalife Nutrition Ltd. stock at $66.00 within the next 12 months, which represents almost 22.24 per cent growth from its previous closing price of $51.32. The highest analysts’ target for Herbalife Nutrition Ltd. stock projections is $75.00 and the lowest one is $62.00. Still, 4 analysts sharing their consensus rating for HLF stock in 2021 agree that it is a Buy.