Herbalife Ltd. (NYSE:HLF) was the recipient of some unusual options trading activity on Monday. Stock traders bought 23,390 put options on the stock. This represents an increase of 838% compared to the typical daily volume of 2,494 put options.
Several research firms recently commented on HLF. Pivotal Research restated a “buy” rating and issued a $120.00 price target on shares of Herbalife in a research note on Thursday, January 25th. Zacks Investment Research upgraded shares of Herbalife from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. ValuEngine upgraded shares of Herbalife from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 22nd. Finally, SunTrust Banks restated a “hold” rating and issued a $67.00 price target on shares of Herbalife in a research note on Friday, November 10th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $83.25.
Herbalife (NYSE:HLF) opened at $83.72 on Tuesday. The company has a debt-to-equity ratio of 9.94, a current ratio of 2.65 and a quick ratio of 2.24. Herbalife has a one year low of $50.70 and a one year high of $84.96. The company has a market cap of $7,300.15, a PE ratio of 18.98 and a beta of 1.37.
Several hedge funds have recently added to or reduced their stakes in HLF. American International Group Inc. acquired a new position in shares of Herbalife in the fourth quarter valued at about $103,000. Opera Trading Capital bought a new stake in Herbalife during the third quarter worth about $185,000. The Manufacturers Life Insurance Company lifted its position in Herbalife by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 2,821 shares of the company’s stock worth $201,000 after purchasing an additional 189 shares during the period. FDx Advisors Inc. bought a new stake in Herbalife during the third quarter worth about $227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Herbalife by 36.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,445 shares of the company’s stock worth $233,000 after purchasing an additional 922 shares during the period.
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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