Herbalife (NYSE:HLF) Lowered to Hold at StockNews.com

Herbalife (NYSE:HLF - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Tuesday.

Other research analysts have also issued reports about the company. DA Davidson upped their target price on Herbalife from $9.50 to $13.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. B. Riley increased their price objective on Herbalife from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.40.

Herbalife Stock Performance

Shares of HLF stock traded down $0.03 during trading on Tuesday, hitting $6.81. 797,036 shares of the company were exchanged, compared to its average volume of 2,068,507. The business's 50-day simple moving average is $7.51 and its 200 day simple moving average is $9.37. Herbalife has a twelve month low of $6.59 and a twelve month high of $15.66. The firm has a market capitalization of $680.78 million, a price-to-earnings ratio of 4.97, a P/E/G ratio of 0.27 and a beta of 1.19.

Herbalife (NYSE:HLF - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.11. Herbalife had a net margin of 1.63% and a negative return on equity of 18.69%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business posted $0.74 EPS. The company's revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities analysts forecast that Herbalife will post 1.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Juan Miguel Mendoza purchased 10,000 shares of the stock in a transaction on Monday, September 9th. The shares were bought at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the completion of the acquisition, the director now directly owns 120,000 shares in the company, valued at approximately $853,200. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.94% of the company's stock.

Institutional Investors Weigh In On Herbalife

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Carolina Wealth Advisors LLC acquired a new position in shares of Herbalife during the 3rd quarter worth about $78,000. Avaii Wealth Management LLC lifted its holdings in shares of Herbalife by 12.4% during the 3rd quarter. Avaii Wealth Management LLC now owns 39,264 shares of the company's stock worth $282,000 after acquiring an additional 4,347 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Herbalife by 42.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 43,154 shares of the company's stock valued at $310,000 after acquiring an additional 12,961 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Herbalife by 66.6% during the 3rd quarter. Inspire Investing LLC now owns 56,421 shares of the company's stock valued at $406,000 after acquiring an additional 22,558 shares in the last quarter. Finally, Perpetual Ltd increased its stake in Herbalife by 21.4% in the third quarter. Perpetual Ltd now owns 466,491 shares of the company's stock valued at $3,354,000 after acquiring an additional 82,231 shares during the period.

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.