Herbalife Ltd. (NYSE:HLF) Given Average Rating of “Hold” by Brokerages

Shares of Herbalife Ltd. (NYSE:HLF) have been assigned an average recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $12.40.

HLF has been the subject of a number of research reports. StockNews.com cut shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Tuesday. B. Riley raised their price objective on shares of Herbalife from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, DA Davidson upped their target price on Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st.

Insiders Place Their Bets

In related news, Director Juan Miguel Mendoza purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average cost of $7.11 per share, for a total transaction of $71,100.00. Following the completion of the purchase, the director now owns 120,000 shares in the company, valued at approximately $853,200. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its stake in Herbalife by 5,249.2% during the first quarter. Russell Investments Group Ltd. now owns 138,599 shares of the company’s stock worth $1,390,000 after buying an additional 136,008 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Herbalife during the 1st quarter worth approximately $1,397,000. Price T Rowe Associates Inc. MD increased its stake in Herbalife by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 82,287 shares of the company’s stock valued at $827,000 after acquiring an additional 3,647 shares during the last quarter. Perpetual Ltd acquired a new position in Herbalife during the first quarter valued at approximately $4,013,000. Finally, Baupost Group LLC MA lifted its stake in Herbalife by 128.3% during the second quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock worth $53,244,000 after purchasing an additional 2,879,603 shares during the last quarter.

Herbalife Price Performance

Herbalife stock opened at $6.84 on Thursday. Herbalife has a fifty-two week low of $6.59 and a fifty-two week high of $15.66. The firm has a market capitalization of $683.28 million, a PE ratio of 4.99, a P/E/G ratio of 0.27 and a beta of 1.19. The company’s 50-day moving average is $7.53 and its 200-day moving average is $9.38.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.11. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.33 billion. Herbalife had a negative return on equity of 18.69% and a net margin of 1.63%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. As a group, analysts expect that Herbalife will post 1.34 EPS for the current year.

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.