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Herbalife COO Buys 45,516 Shares (HLF)

Herbalife Ltd. (NYSE: HLF) COO, Richard Goudis bought 45,516 shares of HLF common stock for $43.89 per share. Goudis made a total investment of $1.997 million, according to a regulatory filing.

HLF shares rose sharply in trading today. The stock hit an intra-day high of $46.40 before finishing the day 1.93% higher at $45.97 on above average volume of 3.24 million. Year-to-date, HLF shares have fallen 11.03%, underperforming the S&P 500.

Herbalife is a global network marketing company engaged in the sale of weight management, nutritional supplements, energy, sports and fitness products and personal care products.

HLF reported its third-quarter financial results late last month. For the third quarter of 2012, HLF reported net sales of $1 billion, representing an increase of 14% over the same period in the previous year. The increase in revenue was driven by a 17% increase in volume points compared to the prior year period.

HLF reported net income of $117.8 million, or $1.04 per share for the third quarter of 2012, compared to net income of $108 million, or $0.87 per share reported for the same period in the previous year.

Michael O. Johnson, Chairman and CEO of Herbalife, said last month that HLF’s business momentum has continued through the third quarter, with double digit volume growth from all six of its geographic regions. Johnson said that the company’s 2013 guidance for double-digit volume and earnings per share growth illustrates its belief in continued growth driven by ongoing global expansion of daily consumption and the company’s city by city approach to deepen its penetration in existing markets.

For fiscal 2013, the company expects net sales growth to be between 10% and 12% over 2012. Diluted earnings per share for fiscal 2013 are expected to be between $4.40 per share and $4.55 per share.

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All stories in are for informational purposes only. This is NOT a stock recommendation. This story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at . About is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.