Herbalife (HLF) Gains as Analyst Sees Large Share Repurchases
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Get Alerts HLF Hot Sheet
Price: $12.44 -0.96%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.8%
Revenue Growth %: +0.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.8%
Revenue Growth %: +0.8%
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Herbalife (NYSE: HLF) moves higher as analyst Timothy Ramey sees a large share repurchase.
He said, "While the specifics of a share repurchase cannot be known today, we believe it is incumbent on us to provide the analysis pro-forma for a share repurchase. We have modeled a $1.4 billion share repurchase at $52 per share as the outcome; 26.9 million shares – or about 29% of shares outstanding."
Shares are up 0.3% after trading down more than 3% earlier.
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