Herbalife (NYSE:HLF) Hits New 12-Month Low – Here’s What Happened

Herbalife Ltd. (NYSE:HLF) shares reached a new 52-week low on Friday . The company traded as low as $6.43 and last traded at $6.46, with a volume of 4312974 shares traded. The stock had previously closed at $7.10.

Analyst Ratings Changes

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

Herbalife Stock Down 9.0 %

The stock has a 50-day simple moving average of $7.63 and a 200 day simple moving average of $8.81. The company has a market cap of $651.12 million, a PE ratio of 7.60, a P/E/G ratio of 0.27 and a beta of 1.17.

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

Institutional Trading of Herbalife

Several institutional investors have recently added to or reduced their stakes in HLF. Baupost Group LLC MA boosted its position in shares of 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 buying an additional 2,879,603 shares during the period. Marshall Wace LLP lifted its stake in Herbalife by 2,053.6% during the 2nd quarter. Marshall Wace LLP now owns 1,977,155 shares of the company’s stock worth $20,543,000 after acquiring an additional 1,885,346 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Herbalife by 11.6% during the 2nd quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company’s stock valued at $69,129,000 after acquiring an additional 692,800 shares during the period. Iridian Asset Management LLC CT boosted its holdings in Herbalife by 43.7% during the 3rd quarter. Iridian Asset Management LLC CT now owns 2,228,193 shares of the company’s stock valued at $16,021,000 after acquiring an additional 677,739 shares during the period. Finally, Bank of Montreal Can grew its position in Herbalife by 15.3% in the 2nd quarter. Bank of Montreal Can now owns 3,776,641 shares of the company’s stock valued at $41,354,000 after acquiring an additional 500,876 shares in the last quarter.

Herbalife Company Profile

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.