Herbalife (NYSE:HLF) Trading Down 4.3% - What's Next?

Herbalife Ltd. (NYSE:HLF - Get Free Report)'s share price fell 4.3% during trading on Wednesday . The company traded as low as $7.84 and last traded at $7.84. 285,230 shares were traded during trading, a decline of 87% from the average session volume of 2,190,257 shares. The stock had previously closed at $8.19.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HLF shares. StockNews.com upgraded shares of Herbalife from a "buy" rating to a "strong-buy" rating in a report on Friday. DA Davidson upgraded shares of Herbalife from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $7.50 to $14.00 in a research note on Friday. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Herbalife has an average rating of "Buy" and a consensus target price of $12.00.

Herbalife Price Performance

The stock has a market cap of $852.89 million, a price-to-earnings ratio of 3.38, a P/E/G ratio of 0.29 and a beta of 1.03. The business's 50 day moving average is $6.97 and its 200 day moving average is $7.21.

Herbalife (NYSE:HLF - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.28. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. As a group, analysts forecast that Herbalife Ltd. will post 1.57 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Juan Miguel Mendoza acquired 5,000 shares of Herbalife stock in a transaction on Thursday, February 27th. The stock was bought at an average price of $8.25 per share, for a total transaction of $41,250.00. Following the completion of the purchase, the director now owns 132,500 shares in the company, valued at $1,093,125. This represents a 3.92 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Herbalife

Hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC boosted its stake in Herbalife by 641.5% during the 4th quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock worth $29,000 after purchasing an additional 3,714 shares during the period. R Squared Ltd purchased a new stake in shares of Herbalife in the fourth quarter valued at about $63,000. Van ECK Associates Corp boosted its stake in shares of Herbalife by 110.4% during the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock worth $70,000 after buying an additional 5,524 shares during the period. Bridgefront Capital LLC acquired a new stake in shares of Herbalife during the fourth quarter worth about $71,000. Finally, Headlands Technologies LLC grew its holdings in shares of Herbalife by 12,307.6% during the fourth quarter. Headlands Technologies LLC now owns 11,415 shares of the company's stock worth $76,000 after buying an additional 11,323 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.