Herbalife (NYSE:HLF) Sets New 1-Year Low - Time to Sell?

Shares of Herbalife Ltd. (NYSE:HLF - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.95 and last traded at $5.97, with a volume of 3033895 shares trading hands. The stock had previously closed at $6.51.

Wall Street Analyst Weigh In

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

Herbalife Stock Performance

The stock has a market cap of $548.80 million, a P/E ratio of 6.41, a P/E/G ratio of 0.19 and a beta of 1.18. The business has a 50 day simple moving average of $6.93 and a 200-day simple moving average of $7.81.

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 the consensus estimate of $0.19 by $0.38. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. On average, sell-side analysts predict that Herbalife Ltd. will post 1.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Herbalife

Several large investors have recently modified their holdings of the stock. R Squared Ltd bought a new position in Herbalife during the fourth quarter valued at $63,000. Van ECK Associates Corp grew its stake in shares of Herbalife by 110.4% during the 4th quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock worth $70,000 after acquiring an additional 5,524 shares during the period. Carolina Wealth Advisors LLC bought a new position in shares of Herbalife during the 3rd quarter worth $78,000. Range Financial Group LLC purchased a new stake in Herbalife in the 4th quarter worth about $124,000. Finally, SG Americas Securities LLC raised its stake in Herbalife by 83.5% in the 4th quarter. SG Americas Securities LLC now owns 18,884 shares of the company's stock valued at $126,000 after acquiring an additional 8,591 shares during the period.

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.