Herbalife (NYSE:HLF) Stock Price Up 2.3% – Here’s What Happened

by · The Markets Daily

Herbalife Ltd. (NYSE:HLF – Get Free Report) shot up 2.3% on Friday . The stock traded as high as $6.78 and last traded at $6.75. 549,268 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 2,180,665 shares. The stock had previously closed at $6.60.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HLF. Mizuho upped their price objective on Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Citigroup lowered their price objective on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. B. Riley reduced their price target on Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, October 31st. DA Davidson lowered their price target on Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Herbalife presently has an average rating of “Hold” and a consensus price target of $9.90.

Get Our Latest Report on Herbalife

Herbalife Stock Performance

The stock has a market capitalization of $681.35 million, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 0.27 and a beta of 1.17. The business has a fifty day simple moving average of $7.59 and a 200 day simple moving average of $8.65.

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

Institutional Trading of Herbalife

A number of institutional investors have recently modified their holdings of HLF. DGS Capital Management LLC lifted its holdings in shares of Herbalife by 63.7% during the 3rd quarter. DGS Capital Management LLC now owns 24,454 shares of the company’s stock worth $176,000 after acquiring an additional 9,513 shares during the period. Virtu Financial LLC bought a new stake in Herbalife during the third quarter worth $246,000. Barclays PLC increased its stake in shares of Herbalife by 347.0% in the 3rd 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 during the last quarter. Geode Capital Management LLC raised its holdings in shares of Herbalife by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,615,514 shares of the company’s stock worth $18,809,000 after buying an additional 105,431 shares in the last quarter. Finally, Prentice Capital Management LP lifted its position in shares of Herbalife by 27.0% during the 3rd quarter. Prentice Capital Management LP now owns 233,851 shares of the company’s stock worth $1,681,000 after buying an additional 49,747 shares during the last quarter.

Herbalife Company Profile

(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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