Herbalife (NYSE:HLF) Shares Down 6.3% - Time to Sell?

Herbalife Ltd. (NYSE:HLF - Get Free Report)'s stock price was down 6.3% during trading on Tuesday . The company traded as low as $6.32 and last traded at $6.10. Approximately 72,211 shares changed hands during trading, a decline of 96% from the average daily volume of 1,611,923 shares. The stock had previously closed at $6.51.

Wall Street Analysts Forecast Growth

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

Herbalife Stock Down 4.5 %

The firm has a 50 day simple moving average of $7.04 and a two-hundred day simple moving average of $7.89. The stock has a market capitalization of $548.80 million, a P/E ratio of 6.41, a PEG ratio of 0.19 and a beta of 1.18.

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

Institutional Trading of Herbalife

A number of institutional investors and hedge funds have recently bought and sold shares of HLF. R Squared Ltd acquired a new stake in Herbalife in the fourth quarter valued at $63,000. Van ECK Associates Corp grew its holdings in 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 acquired a new stake in Herbalife during the 3rd quarter worth about $78,000. Range Financial Group LLC bought a new position in shares of Herbalife during the 4th quarter worth about $124,000. Finally, SG Americas Securities LLC boosted its position in shares of Herbalife by 83.5% during the 4th quarter. SG Americas Securities LLC now owns 18,884 shares of the company's stock worth $126,000 after purchasing an additional 8,591 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.