5 Best Weight Loss Stocks to Buy Now

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In this article, we will be looking at the 5 best weight loss stocks to buy now. To see our detailed analysis of the fitness industry, you can go directly to the 10 Best Weight Loss Stocks to Buy Now.

5. Herbalife Nutrition Ltd. (NYSE: HLF)

Number of Hedge Fund Holders: 40

Herbalife Nutrition Ltd. (NYSE: HLF) offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company’s products also tackle weight management, targeted nutrition, and fitness. It ranks 5th on our list of the best weight loss stocks to buy now.

This May, Herbalife Nutrition Ltd. (NYSE: HLF) announced that it would be raising $600 million in senior notes offering. In the first quarter of 2021, Herbalife Nutrition Ltd. (NYSE: HLF) had an EPS of $1.42, beating estimates by $0.34. The company’s revenue was $1.5 billion, an 18.95% increase year over year and beating estimates by $72.1 million. The stock has a forward PE ratio of 10.75 and has gained 10.5% in the past 6 months and 6.29% year to date. Herbalife Nutrition Ltd. (NYSE: HLF) has a gross profit margin of 48.07%.

By the end of the first quarter of 2021, 40 hedge funds out of the 866 tracked by Insider Monkey held stakes in Herbalife Nutrition Ltd. (NYSE: HLF). The total value of their stakes was roughly $1.99 billion. This is compared to 41 hedge funds in the previous quarter, with a total stake value of about $2.72 billion.

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