Herbalife (NYSE:HLF) Trading Down 4.2%

Herbalife Ltd. (NYSE:HLF) shares dropped 4.2% during mid-day trading on Monday . The stock traded as low as $10.71 and last traded at $10.75. Approximately 659,281 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 2,198,792 shares. The stock had previously closed at $11.22.

Analysts Set New Price Targets

A number of brokerages have weighed in on HLF. Bank of America cut their price target on shares of Herbalife from $10.00 to $8.00 and set an “underperform” rating on the stock in a research note on Thursday, March 21st. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. DA Davidson reaffirmed a “neutral” rating and set a $9.50 price target on shares of Herbalife in a research report on Thursday, May 2nd. Finally, Mizuho boosted their price objective on shares of Herbalife from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.70.

Herbalife Stock Up 1.6 %

The business has a fifty day moving average of $10.82 and a 200 day moving average of $10.60. The firm has a market cap of $990.70 million, a P/E ratio of 7.23 and a beta of 1.25.

Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.12. Herbalife had a negative return on equity of 19.97% and a net margin of 2.70%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm posted $0.54 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Research analysts expect that Herbalife Ltd. will post 1.48 EPS for the current year.

Insider Buying and Selling at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza acquired 7,000 shares of the company’s stock in a transaction on Friday, May 10th. The stock was acquired at an average price of $10.65 per share, for a total transaction of $74,550.00. Following the purchase, the director now directly owns 93,279 shares of the company’s stock, valued at $993,421.35. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Juan Miguel Mendoza acquired 7,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average cost of $10.65 per share, for a total transaction of $74,550.00. Following the completion of the transaction, the director now owns 93,279 shares in the company, valued at $993,421.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donal L. Mulligan acquired 30,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were bought at an average price of $9.65 per share, for a total transaction of $289,500.00. Following the transaction, the director now owns 60,000 shares in the company, valued at approximately $579,000. The disclosure for this purchase can be found here. Insiders have purchased a total of 42,500 shares of company stock valued at $418,485 in the last three months. 0.94% of the stock is currently owned by company insiders.

Institutional Trading of Herbalife

Several institutional investors have recently added to or reduced their stakes in HLF. Harbor Capital Advisors Inc. grew its stake in shares of Herbalife by 270.4% in the second quarter. Harbor Capital Advisors Inc. now owns 15,882 shares of the company’s stock worth $165,000 after acquiring an additional 11,594 shares during the period. GAMMA Investing LLC increased its position in Herbalife by 465.3% during the second quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock valued at $37,000 after acquiring an additional 2,908 shares during the last quarter. Virtu Financial LLC bought a new position in Herbalife in the first quarter valued at about $393,000. Windacre Partnership LLC grew its position in Herbalife by 3.4% during the first quarter. Windacre Partnership LLC now owns 9,203,500 shares of the company’s stock valued at $92,495,000 after buying an additional 300,000 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in Herbalife by 3,832.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,157,309 shares of the company’s stock worth $11,631,000 after acquiring an additional 1,127,880 shares during the period.

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.