Investors Purchase Large Volume of Herbalife Call Options (HLF)

Shares of Herbalife (NYSE:HLF) saw unusually large options trading activity on Tuesday. Investors acquired 17,044 call options on the stock, Stock Ratings Network reports. This represents an increase of approximately 542% compared to the average volume of 2,656 call options.

HLF has been the subject of a number of recent research reports. Analysts at Barclays cut their price target on shares of Herbalife from $80.00 to $74.00 in a research note on Friday, November 21st. They now have an “overweight” rating on the stock. Separately, analysts at BTIG Research initiated coverage on shares of Herbalife in a research note on Wednesday, November 19th. They set a “buy” rating and a $55.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Herbalife from a “neutral” rating to an “underperform” rating in a research note on Thursday, November 6th. They now have a $33.10 price target on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $70.64.

Herbalife (NYSE:HLF) traded up 0.80% during mid-day trading on Tuesday, hitting $37.78. The stock had a trading volume of 1,272,416 shares. Herbalife has a 52-week low of $35.45 and a 52-week high of $83.51. The stock has a 50-day moving average of $40.4 and a 200-day moving average of $50.51. The company has a market cap of $3.468 billion and a P/E ratio of 10.94.

Herbalife (NYSE:HLF) last announced its earnings results on Friday, November 7th. The company reported $1.45 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.51 by $0.06. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts expect that Herbalife will post $5.84 EPS for the current fiscal year.

Herbalife Ltd. is a global nutrition company. The Company sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products as well as personal care products.

Receive News & Ratings for Herbalife Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herbalife and related companies with Analyst Ratings Network's FREE daily email newsletter.

Latest News

Instacart the Grocery Delivery Startup Raises $210 Million
Instacart the Grocery Delivery Startup Raises $210 Million
China Will Relax Regulations on Banks Renminbi Trading
China Will Relax Regulations on Banks Renminbi Trading
Subway in Safety Scandal in China over Food
Subway in Safety Scandal in China over Food
UPS and FedEx Make Improvements During Holiday Season
UPS and FedEx Make Improvements During Holiday Season
MasterCard Spending Report for Holidays Shows Weak Electronics
MasterCard Spending Report for Holidays Shows Weak Electronics
Gift Cards Have Become Hugely Popular, but Have Risks
Gift Cards Have Become Hugely Popular, but Have Risks


One Response

  1. Tex says:

    Herbalife operates very similar to Amway, the world’s largest MLM scam. Read about both of them here: http://www.StopTheAmwayToolScam.wordpress.com

Leave a Reply

Advertisement
Advertisement
© 2006-2015 Leoncheng.