Herbalife (NYSE:HLF) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Herbalife (NYSE:HLFFree Report) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Other equities research analysts have also issued research reports about the company. DA Davidson restated a neutral rating and set a $9.50 price target on shares of Herbalife in a research note on Thursday, May 2nd. Mizuho reduced their price target on Herbalife from $12.00 to $10.00 and set a neutral rating on the stock in a report on Thursday, March 21st. Finally, Bank of America cut their target price on Herbalife from $10.00 to $8.00 and set an underperform rating on the stock in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $10.50.

Get Our Latest Stock Analysis on Herbalife

Herbalife Price Performance

Shares of HLF stock opened at $10.90 on Friday. Herbalife has a 1 year low of $6.68 and a 1 year high of $19.48. The company has a market cap of $1.09 billion, a PE ratio of 7.96 and a beta of 1.24. The stock’s 50 day simple moving average is $9.25 and its two-hundred day simple moving average is $11.26.

Herbalife (NYSE:HLFGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.37 by $0.12. Herbalife had a net margin of 2.70% and a negative return on equity of 19.97%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm posted $0.54 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. Equities research analysts expect that Herbalife will post 1.69 EPS for the current year.

Insiders Place Their Bets

In other news, Director Juan Miguel Mendoza bought 7,000 shares of Herbalife stock in a transaction dated Friday, May 10th. The stock was bought at an average price of $10.65 per share, for a total transaction of $74,550.00. Following the purchase, the director now owns 93,279 shares of the company’s stock, valued at $993,421.35. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Juan Miguel Mendoza purchased 7,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was acquired at an average price of $10.65 per share, with a total value of $74,550.00. Following the purchase, the director now directly owns 93,279 shares of the company’s stock, valued at approximately $993,421.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Henry C. Wang acquired 2,778 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of $9.30 per share, with a total value of $25,835.40. Following the completion of the transaction, the executive vice president now directly owns 176,194 shares in the company, valued at $1,638,604.20. The disclosure for this purchase can be found here. Insiders have bought a total of 66,532 shares of company stock valued at $643,642 over the last quarter. Company insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Herbalife

A number of institutional investors have recently bought and sold shares of HLF. Iridian Asset Management LLC CT grew its holdings in shares of Herbalife by 49.1% during the 4th quarter. Iridian Asset Management LLC CT now owns 1,468,636 shares of the company’s stock worth $22,411,000 after purchasing an additional 483,635 shares during the period. UBS Group AG boosted its stake in Herbalife by 5.6% during the 3rd quarter. UBS Group AG now owns 3,989,128 shares of the company’s stock valued at $55,808,000 after acquiring an additional 209,949 shares during the last quarter. Vanguard Group Inc. grew its stake in Herbalife by 0.4% in the third quarter. Vanguard Group Inc. now owns 10,561,779 shares of the company’s stock worth $147,759,000 after purchasing an additional 43,452 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Herbalife by 9.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,507 shares of the company’s stock valued at $24,378,000 after acquiring an additional 147,003 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Herbalife during the third quarter valued at $381,000.

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.

Further Reading

Analyst Recommendations for Herbalife (NYSE:HLF)

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