Herbalife Ltd (NYSE:HLF) reported it plans to add 2 directors to its board selected by activist investor Carl Icahn, who has supported the company in its fight against hedge fund manager William Ackman.
Shares of the nutritional products company moved up 7.5% in afternoon trading session, as the news lifted “hopes that Herbalife will recapitalize, lift stock buyback and/or look to be acquired, S&P Capital IQ analyst Tom Graves reported.
Icahn also has the right to lift his stake in Herbalife to 25% from almost 14% presently according to the terms of the deal reported on Thursday.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Nu Skin Enterprises, Inc. (NYSE:NUS) rose +2.85% to settle at $41.20, USANA Health Sciences, Inc. (NYSE:USNA) moved up +0.98% to end at $44.29 while Nature’s Sunshine Prod. (NASDAQ:NATR) jumped +1.26% to finish at $14.46 on Thursday.
Herbalife Ltd. (NYSE:HLF) last session’s volume of 10.46 million shares was higher than its average volume of 8.78 million shares. The stock after opening at $37.75 hit high price of $40.38 and then closed at $40.29 by scoring +7.61%.
HLF generated revenue of $4.07 billion in the previous twelve months and earned $477.19 million. The Company showed a positive 11.72% in the net profit margin as well as in its operating margin which remained at 16.24%. Company’s annual sales growth for the past five years was 13.67%.
The HLF’s past twelve months’ price to sales ratio was 1.02 and price to cash ratio remained 12.45. As far as the returns are concerned, HLF’s return on equity was recorded as 97.29% and return on investment increased 50.64% while its return on asset stayed at 30.30%.
The stock showed weekly upbeat performance of 6.62% which was maintained for the month at 4.19%. Likewise the negative performance for the quarter was recorded as -13.39% and for the year was -37.98% while the YTD performance remained at 22.31%.
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