Herbalife (NYSE:HLF) Trading Up 6.2% - Here's Why

Herbalife Ltd. (NYSE:HLF - Get Free Report) shares rose 6.2% during trading on Monday . The company traded as high as $8.70 and last traded at $8.83. Approximately 1,137,975 shares traded hands during trading, a decline of 59% from the average daily volume of 2,797,262 shares. The stock had previously closed at $8.31.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HLF shares. Mizuho increased 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. B. Riley reduced their target price on Herbalife from $17.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. StockNews.com raised shares of Herbalife from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $7.50 price target on shares of Herbalife in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $9.90.

Herbalife Stock Performance

The company has a fifty day simple moving average of $6.37 and a two-hundred day simple moving average of $7.20. The firm has a market capitalization of $849.55 million, a PE ratio of 3.37, a PEG ratio of 0.29 and a beta of 1.15.

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Herbalife (NYSE:HLF - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.28. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, equities analysts anticipate that Herbalife Ltd. will post 1.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Herbalife

Several institutional investors have recently bought and sold shares of HLF. Perpetual Ltd boosted its position in Herbalife by 107.1% during the 4th quarter. Perpetual Ltd now owns 966,063 shares of the company's stock valued at $6,463,000 after acquiring an additional 499,572 shares in the last quarter. Johnson Financial Group LLC purchased a new stake in shares of Herbalife during the 4th quarter worth $221,000. Barclays PLC boosted its position in Herbalife by 347.0% during the third quarter. Barclays PLC now owns 161,426 shares of the company's stock valued at $1,160,000 after purchasing an additional 125,311 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Herbalife by 72.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 168,209 shares of the company's stock valued at $1,209,000 after purchasing an additional 70,498 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Herbalife by 83.5% in the fourth 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.