Herbalife (NYSE:HLF) Cut to “Hold” at StockNews.com

by · The Cerbat Gem

StockNews.com cut shares of Herbalife (NYSE:HLF – Free Report) from a buy rating to a hold rating in a research report report published on Tuesday morning.

A number of other research firms have also issued reports on HLF. B. Riley upped their target price on shares of Herbalife from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. DA Davidson upped their price objective on shares of Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.40.

Get Our Latest Stock Report on HLF

Herbalife Trading Down 0.9 %

Shares of Herbalife stock opened at $6.92 on Tuesday. Herbalife has a twelve month low of $6.59 and a twelve month high of $15.66. The firm has a market capitalization of $691.28 million, a PE ratio of 5.05, a P/E/G ratio of 0.27 and a beta of 1.19. The firm’s 50-day moving average price is $7.46 and its 200 day moving average price is $9.34.

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

Insider Activity

In other news, Director Juan Miguel Mendoza acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average cost of $8.72 per share, for a total transaction of $87,200.00. Following the completion of the transaction, the director now owns 110,000 shares in the company, valued at approximately $959,200. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 added to or reduced their stakes in the business. Windacre Partnership LLC lifted its stake in shares of Herbalife by 3.4% in the 1st quarter. Windacre Partnership LLC now owns 9,203,500 shares of the company’s stock valued at $92,495,000 after purchasing an additional 300,000 shares during the last quarter. Renaissance Technologies LLC lifted its position in Herbalife by 11.6% in the second quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company’s stock valued at $69,129,000 after buying an additional 692,800 shares during the last quarter. Baupost Group LLC MA boosted its stake in Herbalife by 128.3% during the second quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock worth $53,244,000 after buying an additional 2,879,603 shares during the period. Bank of Montreal Can increased its position in shares of Herbalife by 15.3% during the second quarter. Bank of Montreal Can now owns 3,776,641 shares of the company’s stock valued at $41,354,000 after acquiring an additional 500,876 shares during the last quarter. Finally, Long Focus Capital Management LLC increased its position in shares of Herbalife by 11.3% during the second quarter. Long Focus Capital Management LLC now owns 3,202,982 shares of the company’s stock valued at $33,279,000 after acquiring an additional 323,969 shares during the last quarter.

About Herbalife

(Get Free Report)

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.

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