Herbalife (NYSE:HLF) Trading Down 4.5% – Should You Sell?

Shares of Herbalife Ltd. (NYSE:HLF) fell 4.5% on Thursday . The company traded as low as $6.75 and last traded at $6.78. 737,602 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 2,158,769 shares. The stock had previously closed at $7.10.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HLF. B. Riley cut their price objective on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Citigroup reduced their price objective on Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Mizuho upped their price target on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, DA Davidson dropped their price target on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Herbalife has a consensus rating of “Hold” and an average target price of $9.90.

Herbalife Stock Up 0.3 %

The business’s fifty day moving average price is $7.63 and its 200 day moving average price is $8.78. The firm has a market capitalization of $653.13 million, a PE ratio of 7.62, a P/E/G ratio of 0.27 and a beta of 1.17.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.38. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. As a group, sell-side analysts forecast that Herbalife Ltd. will post 1.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Herbalife

Several institutional investors have recently bought and sold shares of HLF. nVerses Capital LLC raised its position in shares of Herbalife by 240.0% in the second quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock valued at $53,000 after purchasing an additional 3,600 shares during the period. Carolina Wealth Advisors LLC bought a new position in shares of Herbalife in the third quarter worth about $78,000. Van ECK Associates Corp lifted its stake in shares of Herbalife by 10.3% during the second quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock valued at $90,000 after acquiring an additional 808 shares during the period. Prospera Financial Services Inc acquired a new stake in Herbalife during the 3rd quarter worth $154,000. Finally, DGS Capital Management LLC increased its stake in shares of Herbalife by 63.7% in the 3rd quarter. DGS Capital Management LLC now owns 24,454 shares of the company’s stock valued at $176,000 after acquiring an additional 9,513 shares during the last quarter.

About Herbalife

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.