Herbalife Ltd. (NYSE:HLF) Receives Consensus Rating of “Hold” from Brokerages

Shares of Herbalife Ltd. (NYSE:HLF) have been assigned an average rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $12.40.

Several equities research analysts recently weighed in on the company. StockNews.com downgraded Herbalife from a “buy” rating to a “hold” rating in a report on Tuesday. DA Davidson lifted their price target on Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, B. Riley boosted their price target on Herbalife from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, August 1st.

Insiders Place Their Bets

In related news, Director Juan Miguel Mendoza purchased 10,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was bought at an average price of $7.11 per share, with a total value of $71,100.00. Following the completion of the purchase, the director now owns 120,000 shares in the company, valued at approximately $853,200. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On Herbalife

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

Herbalife Trading Down 2.4 %

Shares of NYSE HLF opened at $6.84 on Thursday. The company has a market cap of $683.28 million, a price-to-earnings ratio of 4.99, a PEG ratio of 0.27 and a beta of 1.19. Herbalife has a 12 month low of $6.59 and a 12 month high of $15.66. The stock has a 50-day moving average price of $7.53 and a two-hundred day moving average price of $9.38.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the company earned $0.74 EPS. The firm’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 earnings per share for the current year.

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.