|Bid||43.00 x 800|
|Ask||43.72 x 1000|
|Day's Range||43.12 - 44.75|
|52 Week Range||20.73 - 48.82|
|Beta (5Y Monthly)||0.95|
|PE Ratio (TTM)||23.62|
|Earnings Date||Jul. 30, 2020 - Aug. 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb. 28, 2014|
|1y Target Est||48.00|
Herbalife Nutrition and the Herbalife Nutrition Foundation Observe WorldHungerDay. The Company Pledges $100,000 to The Hunger Project.
Pomerantz LLP is investigating claims on behalf of investors of Herbalife Nutrition Ltd. (“Herbalife” or the “Company”) (HLF). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. The investigation concerns whether Herbalife and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
Herbalife Nutrition Announces Pricing of Senior Note Offering
(Bloomberg) -- Herbalife Nutrition Ltd. managed to convince investors to lend it $600 million so it could buy back shares, an unusual move at a time when companies are borrowing billions of dollars to shore up liquidity during the coronavirus pandemic.The maker of weight-loss shakes and supplements that counts Carl Icahn as its largest shareholder sold the unsecured debt Wednesday at a yield of 7.875%, down slightly from early unofficial pricing discussions of 8%, according to people familiar with the matter.Proceeds from the offering will be used for general corporate purposes, which could include the purchase of stock or capital investment, said the people, who asked not to be named discussing a private transaction.Herbalife products are distributed by a network of direct sellers, rather than through stores, and the company has garnered controversy for its multi-level marketing structure that encourages sellers to recruit others to hawk the products. But the business has fared well during the pandemic.Net sales increased 7.7% on a year-over-year basis in the first quarter ended March 31, and the company expects only a small dip in preliminary April volumes as a result of the virus, according to an earnings release earlier this month.“The demand for our products and for our services has gone up around the world,” Chief Executive Officer John Agwunobi said on a recent earnings call.A representative for Bank of America Corp., which is leading the deal, declined to comment. A representative for the company didn’t respond to a request for comment.Debt-financed share buybacks haven’t been the priority for companies suffering from sliding revenues during the outbreak. But Herbalife has a history of doing so with its last buyback for $600 million in May 2018, according to data compiled by Bloomberg. It also authorized an ongoing five-year $1.5 billion buyback program in October 2018.The new 5.25-year bond yields slightly more than the company’s existing $400 million of 7.25% unsecured notes due in 2026 that last traded at 99.75 cents on the dollar, according to Trace data.Moody’s Investors Service rated the bonds B1, or four levels below investment grade. While the company has good profitability, cash flow and geographic diversity, there are parts of its business model that are fragile, Moody’s analyst Chedly Louis wrote. S&P Global Ratings graded the notes BB-, or one step higher.Herbalife’s global multi-level marketing structure has been under scrutiny for years by a number of regulatory agencies, and its business model is highly reliant upon its ability to recruit and retain sales representatives around the world, Louis wrote.The U.S. Securities and Exchange Commission and the Department of Justice are currently investigating whether Herbalife violated the Foreign Corrupt Practices Act over the time period of 2006 through 2016. The company has reached an “understanding in principle” with both agencies and is expected to resolve the investigations soon, according to a May 7 filing.Herbalife shares gained 1.8% Wednesday, closing at $44.03.(Updates with final pricing details throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
NEW YORK, NY / ACCESSWIRE / May 18, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Herbalife Nutrition Ltd. ("Herbalife" or "the Company") (HLF). Investors who purchased Herbalife securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/hlf. The investigation concerns whether Herbalife and certain of its officers and/or directors have violated federal securities laws.
Shares of Herbalife Nutrition (NYSE: HLF) jumped higher on Friday after the company reported financial results for the first quarter of 2020. While Q1 showed net sales growth, investors may be more excited that Herbalife is close to putting an investigation from the SEC and Department of Justice in the rearview mirror. Herbalife likes to highlight "volume points," a measure of when products are paid for.
Herbalife Nutrition (NYSE:HLF) shares have had a really impressive month, gaining 31%, after some slippage. But...
Herbalife Nutrition Ltd. (NYSE: HLF) ("Company") today announced that in response to the coronavirus outbreak and in continued support for the health and safety of all, it will hold a live audio webcast of its 2020 Annual General Meeting of Shareholders ("Meeting"). As previously announced, the Meeting will be held on Wednesday, April 29, 2020 at 8:30 a.m. Pacific Daylight Time at 800 W. Olympic Blvd., Suite 406, Los Angeles, CA 90015.
Global nutrition company, Herbalife Nutrition Ltd. (NYSE:HLF) will release its first quarter 2020 financial results after the close of trading on the NYSE on Thursday, May 7, 2020. The same day, at 5:30 p.m. ET (2:30 p.m. PT), the Herbalife Nutrition senior management team will host an investor conference call to discuss its recent financial results and provide an update on current business trends.
Premier global nutrition company, Herbalife Nutrition (NYSE: HLF), and the Herbalife Nutrition Foundation, today announced that $333,000 of the $1 million pledged to World Food Program USA’s Emergency Response Fund will aid Coronavirus pandemic relief efforts. These funds, gifted through the Company’s Nutrition for Zero Hunger initiative, will support United Nations World Food Programme (WFP) efforts in responding to supply chain and other logistics issues related to the virus.
Herbalife Nutrition’s Herbalife24 Triathlon, 5k and Bike Tour Event Rescheduled for October 25, 2020
Herbalife Nutrition Completes Reprice of Term Loan a Facility and Extends Maturity Date of Revolving Credit; Reduces Borrowing Costs
Unfortunately for some shareholders, the Herbalife Nutrition (NYSE:HLF) share price has dived 36% in the last thirty...
Herbalife Nutrition Postpones Herbalife24 Triathlon, 5k and Bike Tour Event Scheduled for Sunday, May 17, 2020, Due to the COVID-19 Pandemic.
Thousands of Competitors Crossing the Finish Line to Have Name Called by Iconic Voice of IRONMAN® Mike Reilly at the Herbalife24 Triathlon on May 17.
NEW YORK, NY / ACCESSWIRE / February 18, 2020 / Herbalife Nutrition Ltd. (NYSE:HLF) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on February 18, 2020 ...