Herbalife (NYSE:HLF) Stock Price Down 3.7% - Time to Sell?

Herbalife Ltd. (NYSE:HLF - Get Free Report)'s share price was down 3.7% during mid-day trading on Friday . The stock traded as low as $7.28 and last traded at $7.31. Approximately 138,996 shares were traded during trading, a decline of 94% from the average daily volume of 2,139,761 shares. The stock had previously closed at $7.59.

Analysts Set New Price Targets

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

Herbalife Stock Down 1.4 %

The firm has a market cap of $753.92 million, a price-to-earnings ratio of 8.80, a P/E/G ratio of 0.27 and a beta of 1.17. The business's 50-day simple moving average is $7.64 and its two-hundred day simple moving average is $8.89.

Herbalife (NYSE:HLF - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.23 billion. On average, analysts expect that Herbalife Ltd. will post 1.51 earnings per share for the current year.

Hedge Funds Weigh In On Herbalife

Large investors have recently added to or reduced their stakes in the stock. Baupost Group LLC MA raised 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 valued at $53,244,000 after acquiring an additional 2,879,603 shares during the last quarter. Marshall Wace LLP increased its position in shares of Herbalife by 2,053.6% during the second quarter. Marshall Wace LLP now owns 1,977,155 shares of the company's stock worth $20,543,000 after purchasing an additional 1,885,346 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Herbalife by 11.6% during the second quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company's stock worth $69,129,000 after purchasing an additional 692,800 shares in the last quarter. Iridian Asset Management LLC CT raised its stake in Herbalife by 43.7% in 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 purchasing an additional 677,739 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings 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 purchasing 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.