Herbalife (NYSE:HLF) Hits New 52-Week Low - Time to Sell?

Herbalife Ltd. (NYSE:HLF - Get Free Report) shares reached a new 52-week low on Tuesday . The stock traded as low as $6.11 and last traded at $6.12, with a volume of 543781 shares trading hands. The stock had previously closed at $6.46.

Analyst Upgrades and Downgrades

HLF has been the topic of several research analyst reports. B. Riley decreased their price target on shares of Herbalife from $17.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. StockNews.com upgraded Herbalife from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Mizuho boosted their target price on Herbalife from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. DA Davidson decreased their price target on Herbalife from $13.00 to $7.50 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Finally, Citigroup lowered their price objective on Herbalife from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $9.90.

Herbalife Price Performance

The stock has a market capitalization of $626.93 million, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 0.26 and a beta of 1.18. The company's 50-day simple moving average is $7.44 and its 200-day simple moving average is $8.20.

Herbalife (NYSE:HLF - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. On average, analysts forecast that Herbalife Ltd. will post 1.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Herbalife

A number of hedge funds have recently bought and sold shares of HLF. Carolina Wealth Advisors LLC acquired a new position in Herbalife in the 3rd quarter valued at $78,000. Range Financial Group LLC acquired a new position in Herbalife in the fourth quarter valued at about $124,000. Prospera Financial Services Inc bought a new stake in Herbalife during the third quarter worth about $154,000. DGS Capital Management LLC grew its stake in Herbalife by 63.7% during the third quarter. DGS Capital Management LLC now owns 24,454 shares of the company's stock worth $176,000 after buying an additional 9,513 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in Herbalife in the 3rd quarter valued at about $199,000.

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.