Herbalife (NYSE:HLF) Hits New 52-Week Low - Here's Why

Herbalife Ltd. (NYSE:HLF - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.43 and last traded at $6.46, with a volume of 4312974 shares. The stock had previously closed at $7.10.

Analyst Ratings Changes

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

Herbalife Price Performance

The firm has a market capitalization of $653.13 million, a price-to-earnings ratio of 7.62, a PEG ratio of 0.27 and a beta of 1.17. The firm has a 50 day moving average price of $7.63 and a 200-day moving average price of $8.81.

Herbalife (NYSE:HLF - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.38. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.23 billion. Equities research analysts predict that Herbalife Ltd. will post 1.51 earnings per share for the current year.

Institutional Investors Weigh In On Herbalife

Several large investors have recently modified their holdings of HLF. Baupost Group LLC MA grew its holdings 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 last quarter. Marshall Wace LLP grew its stake in shares of Herbalife by 2,053.6% in the 2nd quarter. Marshall Wace LLP now owns 1,977,155 shares of the company's stock valued at $20,543,000 after purchasing an additional 1,885,346 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Herbalife by 11.6% in the 2nd quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company's stock valued at $69,129,000 after purchasing an additional 692,800 shares during the last quarter. Iridian Asset Management LLC CT increased its holdings in shares of Herbalife by 43.7% in the third quarter. Iridian Asset Management LLC CT now owns 2,228,193 shares of the company's stock valued at $16,021,000 after purchasing an additional 677,739 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Herbalife by 15.3% during the second quarter. Bank of Montreal Can now owns 3,776,641 shares of the company's stock worth $41,354,000 after purchasing an additional 500,876 shares during 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.