|Bid||0.00 x 900|
|Ask||49.70 x 1000|
|Day's Range||40.06 - 40.94|
|52 Week Range||33.62 - 61.77|
|Beta (3Y Monthly)||0.45|
|PE Ratio (TTM)||19.91|
|Earnings Date||Oct 28, 2019 - Nov 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||55.50|
Herbalife Nutrition (HLF), a premier global nutrition company, today announced it will host the 2020 Herbalife24 Triathlon Los Angeles, a USA Triathlon International-Distance West Regional Championship sanctioned triathlon and unique urban race, on Sunday, May 17, 2020. This year, the race will include the new Herbalife24 Cycling tour covering 22 miles. In addition to the Los Angeles race, the Company will continue its sponsorship of the Herbalife Nutrition Bali International Triathlon in Indonesia and the Herbalife IRONMAN 70.3 Pucón in Chile.
Herbalife Nutrition (HLF), a premier global nutrition company, announced today a partnership with Tencent, China's leading internet and technology company, to help independent distributors more effectively sell products online. Herbalife Nutrition China will efficiently link its online and offline offerings with a focus on consumer needs and driving business development forward. Tencent will be fully responsible for the technical development, including system research, requirements analysis, solution design, system design, and program development.
Herbalife Nutrition, a premier global nutrition company, announced today that co-president and Chief Health and Nutrition Officer, Dr. John Agwunobi, attended the 12th U.S.-China CEO Dialogue on September 10, in Beijing. The event, co-organized by the China Center for International Economic Exchanges (CCIEE) and the U.S. Chamber of Commerce (USCC), is designed to further dialogue between US companies and Chinese government officials. Separately, Agwunobi met with key leaders from the China Nutrition and Health Food Association (CNHFA), where he detailed the Company’s long-term investment strategy for China and the Company’s commitment to further developing both the nutrition and direct selling industries in China.
(Bloomberg) -- Bill Ackman made a big bet on himself even as some investors were second-guessing the future of his hedge fund, Pershing Square Capital Management. So far, it’s paying off.The billionaire plowed about $500 million into the publicly traded arm of his fund last year, arguing it was significantly undervalued. At the time, Pershing Square Holdings Ltd. was trading at roughly $15 a share.The fund has returned 54.5% on its investments this year through August, fueling a 48% gain for shares of Pershing Square Holdings, which traded Friday at $19.10 in Amsterdam, the highest since January 2016. That translates into about a $200 million gain for Ackman in 2019 on his half-billion-dollar bet, data compiled by Bloomberg show.That’s quite a reversal of fortune. Early last year, Ackman told investors he had to change course after a disastrous bet on Valeant Pharmaceuticals Ltd. and an ill-fated short-selling campaign against Herbalife Nutrition Ltd. Pershing Square was seeking to snap a three-year losing streak, and investors had pulled billions of dollars from Ackman’s private funds.“There was doubt as to whether Bill Ackman would be able to survive,” said Kai Liekefett, partner and chairman of the shareholder activism practice at law firm Sidley Austin LLP. “It looks like he has been focused on the last year or two on fundamental investing. He’s abstained from campaigning and started to find his groove again.”Ackman, 53, is worth $1.8 billion, according to the Bloomberg Billionaires Index. He declined to comment.Pershing Square has rallied along with some of its biggest holdings, including Chipotle Mexican Grill Inc., Starbucks Corp. and Burger King owner Restaurant Brands International Inc. In June, he booked a 64% profit on an investment in Automatic Data Processing Inc., about two years after acquiring a stake in the company.Still, with big gains come big risks. Two of the fund’s best performing positions are mortgage finance companies Fannie Mae and Freddie Mac, which rose this year in anticipation of their government conservatorship ending. A long-awaited Treasury Department report on their future, released Thursday, left the timeline for that vague and key issues unresolved.It had been a brutal stretch for Pershing Square investors, who had seen nothing but losses over the past several years. The fund tumbled in 2015 and again in 2016, driven in large part by Ackman’s bet on Valeant, an investment that cost investors more than $4 billion. Ackman also waged a prolonged short-selling battle against Herbalife, a losing billion-dollar bet that brought him into a public conflict with Carl Icahn, who eventually became the company’s biggest shareholder.Read more: Icahn says epic Herbalife battle with Ackman was ‘a good fight’Ackman was poised for a rebound last year, but a pre-Christmas market collapse wiped out an 11% gain and the fund ended the year down 0.7%.One reason Ackman cited for investing in his fund was a persistent discount between Pershing Square’s share price and its net asset value, or NAV. The discount was about 25% in May 2018, when he announced that he would start buying shares. Despite the fund’s recent gains, the discount to NAV has widened to almost 30%, and Pershing Square has said it plans to take advantage by continuing to repurchase stock.It’s “an extraordinary buying opportunity, and we have ample free cash,” Ackman said in a letter to shareholders last month.Pershing Square Holdings’ performance this year could prove lucrative for Ackman in other ways. Last week, the fund’s NAV climbed high enough that, if the gains hold through the end of the year, he’ll be able to collect performance fees for the first time since 2014.In a March letter, Ackman attributed the year’s strong start to a number of factors. The nature of his publicly traded fund meant he no longer had to focus on raising money, and the smaller, more focused investment team was paying dividends. He has also turned away from short-selling strategies, which previously weighed on performance.In January, Ackman married Neri Oxman, a professor at the Massachusetts Institute of Technology. The former Israeli Air Force lieutenant gave birth to their daughter in the spring. At an investor conference in April, Ackman gave another possible reason for his recent success: “Maybe it has something to do with being loved and getting married?”(Updates with Fannie Mae and Freddie Mac in eighth paragraph.)\--With assistance from Andrew Heathcote.To contact the reporters on this story: Tom Maloney in New York at email@example.com;Scott Deveau in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Pierre Paulden at email@example.com, Peter Eichenbaum, Steven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
GE’s former Vice Chairman Bob Wright says the financial issues alleged by Harry Markopolos are old news. “Most everything that was alleged has already been discussed internally and externally,” Wright tells Yahoo Finance’s The Ticker. “It was like bringing out old laundry and getting it out there as if nobody knew what it was. They did a twist on it. They made it seem like it was fraudulent. They made it seem like it was illegal.”
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Shares of Herbalife Nutrition Ltd. fell 8% in the extended session Thursday after the company reported second-quarter adjusted per-share profit and sales below Wall Street expectations. Herbalife said it earned $77 million, or 54 cents a share, in the quarter, compared with $94 million, or 62 cents a share, in the year-ago period. Adjusted for one-time items, Herbalife earned 70 cents a share, compared with 80 cents a share a year ago. Sales fell 3.5% to $1.2 billion. Analysts polled by FactSet had expected Herbalife to report adjusted earnings of 78 cents a share on sales of $1.3 billion. Herbalife had ended the regular trading day down 0.6%.
Herbalife Nutrition (NYSE: HLF ) announces its next round of earnings this Thursday, August 1. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement. Earnings and Revenue Wall ...
Herbalife (HLF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Rite Aid (RAD) expands the availability of its Thrifty Ice Cream brand in select stores in Delaware, New York, Maryland, New Jersey and Pennsylvania.