Herbalife Nutrition (NYSE:HLF) Issues Q3 2022 Earnings Guidance

Herbalife Nutrition (NYSE:HLFGet Rating) updated its third quarter 2022 earnings guidance on Tuesday. The company provided EPS guidance of $0.70-$0.95 for the period. The company issued revenue guidance of $1.30 billion-$1.39 billion. Herbalife Nutrition also updated its FY 2022 guidance to $3.25-$3.75 EPS.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HLF. B. Riley reduced their price objective on Herbalife Nutrition from $50.00 to $41.00 in a research note on Wednesday, May 4th. StockNews.com raised Herbalife Nutrition from a hold rating to a buy rating in a research note on Monday, June 13th. Jefferies Financial Group raised Herbalife Nutrition from a hold rating to a buy rating and set a $26.00 price target for the company in a research note on Tuesday, July 12th. Argus downgraded Herbalife Nutrition from a buy rating to a hold rating in a research note on Tuesday, May 17th. Finally, Citigroup cut their price target on Herbalife Nutrition from $46.00 to $36.00 in a research note on Wednesday, May 4th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Herbalife Nutrition presently has a consensus rating of Moderate Buy and an average price target of $36.80.

Herbalife Nutrition Price Performance

Shares of HLF stock traded down $1.39 during trading on Tuesday, reaching $27.27. The company had a trading volume of 1,168,373 shares, compared to its average volume of 1,431,647. The firm’s 50 day simple moving average is $23.17 and its two-hundred day simple moving average is $29.09. Herbalife Nutrition has a one year low of $19.30 and a one year high of $54.45. The company has a market capitalization of $2.94 billion, a PE ratio of 8.26 and a beta of 1.12.

Insider Activity at Herbalife Nutrition

In related news, Director Michael Johnson acquired 5,840 shares of the business’s stock in a transaction that occurred on Thursday, May 12th. The shares were acquired at an average cost of $22.85 per share, with a total value of $133,444.00. Following the purchase, the director now owns 255,387 shares of the company’s stock, valued at $5,835,592.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Herbalife Nutrition news, President John Desimone bought 43,478 shares of the stock in a transaction on Wednesday, May 11th. The shares were purchased at an average price of $21.54 per share, with a total value of $936,516.12. Following the acquisition, the president now directly owns 123,452 shares of the company’s stock, valued at approximately $2,659,156.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Johnson bought 5,840 shares of the stock in a transaction on Thursday, May 12th. The stock was acquired at an average cost of $22.85 per share, for a total transaction of $133,444.00. Following the acquisition, the director now directly owns 255,387 shares in the company, valued at $5,835,592.95. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 58,858 shares of company stock valued at $1,272,704. Corporate insiders own 0.66% of the company’s stock.

Institutional Trading of Herbalife Nutrition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Herbalife Nutrition by 17.8% in the 1st quarter. Bank of America Corp DE now owns 61,917 shares of the company’s stock valued at $1,880,000 after buying an additional 9,370 shares during the last quarter. First Republic Investment Management Inc. grew its holdings in Herbalife Nutrition by 6.1% in the 1st quarter. First Republic Investment Management Inc. now owns 20,505 shares of the company’s stock valued at $623,000 after buying an additional 1,175 shares during the last quarter. Engineers Gate Manager LP grew its holdings in Herbalife Nutrition by 151.2% in the 1st quarter. Engineers Gate Manager LP now owns 21,173 shares of the company’s stock valued at $643,000 after buying an additional 12,745 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Herbalife Nutrition by 5.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,002,831 shares of the company’s stock worth $30,446,000 after purchasing an additional 52,202 shares in the last quarter. Finally, Edgestream Partners L.P. grew its holdings in shares of Herbalife Nutrition by 73.5% during the 1st quarter. Edgestream Partners L.P. now owns 34,814 shares of the company’s stock worth $1,057,000 after purchasing an additional 14,750 shares in the last quarter.

Herbalife Nutrition Company Profile

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Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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Earnings History and Estimates for Herbalife Nutrition (NYSE:HLF)

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