Herbalife (NYSE:HLF) Reaches New 1-Year Low - Here's Why

Herbalife Ltd. (NYSE:HLF - Get Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as $5.26 and last traded at $5.30, with a volume of 2564254 shares changing hands. The stock had previously closed at $5.46.

Analyst Ratings Changes

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

Herbalife Stock Up 1.7 %

The company's 50-day moving average price is $6.81 and its 200-day moving average price is $7.70. The firm has a market cap of $543.46 million, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 0.18 and a beta of 1.15.

Hedge Funds Weigh In On Herbalife

A number of institutional investors and hedge funds have recently bought and sold shares of HLF. Geode Capital Management LLC raised its stake in shares of Herbalife by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,615,514 shares of the company's stock valued at $18,809,000 after acquiring an additional 105,431 shares during the period. Iridian Asset Management LLC CT raised its stake in shares of Herbalife by 12.5% in the 4th quarter. Iridian Asset Management LLC CT now owns 2,507,740 shares of the company's stock valued at $16,777,000 after acquiring an additional 279,547 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Herbalife by 6.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,479,957 shares of the company's stock valued at $17,831,000 after acquiring an additional 160,792 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Herbalife by 20.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,287,600 shares of the company's stock valued at $16,448,000 after acquiring an additional 384,100 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Herbalife by 15.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,539,148 shares of the company's stock valued at $11,066,000 after acquiring an additional 206,530 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.