Herbalife (NYSE:HLF) Upgraded at DA Davidson

DA Davidson upgraded shares of Herbalife (NYSE:HLF - Free Report) from a neutral rating to a buy rating in a research note released on Friday, MarketBeat Ratings reports. DA Davidson currently has $14.00 price objective on the stock, up from their previous price objective of $7.50.

Herbalife Price Performance

Shares of NYSE HLF traded down $0.20 during midday trading on Friday, reaching $8.23. 500,630 shares of the stock traded hands, compared to its average volume of 2,657,921. The company's 50 day moving average is $6.97 and its 200 day moving average is $7.21. Herbalife has a one year low of $5.04 and a one year high of $12.79. The stock has a market capitalization of $834.04 million, a PE ratio of 3.31, a P/E/G ratio of 0.29 and a beta of 1.03.

Herbalife (NYSE:HLF - Get Free Report) last posted its earnings results 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. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. As a group, equities analysts forecast that Herbalife will post 1.57 EPS for the current year.

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Insider Activity

In related news, Director Juan Miguel Mendoza purchased 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of $8.25 per share, for a total transaction of $41,250.00. Following the acquisition, the director now owns 132,500 shares of the company's stock, valued at approximately $1,093,125. This represents a 3.92 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.73% of the company's stock.

Hedge Funds Weigh In On Herbalife

Several hedge funds have recently added to or reduced their stakes in HLF. Prospera Financial Services Inc bought a new stake in Herbalife in the third quarter worth about $154,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Herbalife by 31.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 550,795 shares of the company's stock worth $3,960,000 after acquiring an additional 130,818 shares during the last quarter. Intech Investment Management LLC purchased a new position in Herbalife during the 3rd quarter valued at $199,000. Thompson Siegel & Walmsley LLC boosted its holdings in Herbalife by 13.1% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 486,409 shares of the company's stock valued at $3,497,000 after acquiring an additional 56,499 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in 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 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.