UPDATE: DA Davidson Raises PT to $90 on Herbalife

DA Davidson maintains its Buy rating on Herbalife (NYSE: HLF) and raises its price target to $90, up $15, on EPS and dividend performance.

DA Davidson says, "Herbalife reported Q4 operating EPS of $0.86, up 25.4% from $0.69 last year, blowing past our Street-high $0.75 estimate and the 9-analyst mean of $0.73. ...Q411 net sales of $884 million increased 19.8% year-over-year, beating our expectation of 16% growth. Sales grew double digits in each of HLF's regions for a record quarter. ...In addition, HLF increased its dividend to $1.20 annually; a very impressive 140% year-over-year boost. This time last year the split-adjusted dividend was $0.50."

HLF closed at $62.46 a share on Tuesday.