Herbalife (NYSE:HLF) Reaches New 12-Month Low – What’s Next?

Shares of Herbalife Ltd. (NYSE:HLF) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $6.11 and last traded at $6.12, with a volume of 543781 shares trading hands. The stock had previously closed at $6.46.

Analyst Ratings Changes

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

Herbalife Price Performance

The business has a 50-day moving average of $7.40 and a 200 day moving average of $8.19. The company has a market capitalization of $655.64 million, a PE ratio of 7.65, a P/E/G ratio of 0.22 and a beta of 1.18.

Herbalife (NYSE:HLF) last posted its earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.38. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. As a group, research analysts anticipate that Herbalife Ltd. will post 1.51 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Carolina Wealth Advisors LLC bought a new stake in Herbalife during the third quarter worth approximately $78,000. Range Financial Group LLC bought a new position in shares of Herbalife during the 4th quarter valued at approximately $124,000. Prospera Financial Services Inc purchased a new stake in Herbalife during the 3rd quarter valued at $154,000. DGS Capital Management LLC lifted its position in Herbalife by 63.7% in the third quarter. DGS Capital Management LLC now owns 24,454 shares of the company’s stock worth $176,000 after buying an additional 9,513 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in Herbalife during the third quarter worth $199,000.

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.