Herbalife (NYSE:HLF) Hits New 52-Week Low – What’s Next?

Herbalife Ltd. (NYSE:HLF) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.95 and last traded at $5.97, with a volume of 3033895 shares trading hands. The stock had previously closed at $6.51.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HLF shares. DA Davidson dropped their price target on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Mizuho increased their price objective on shares of 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 lowered their price objective on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.90.

Herbalife Trading Down 8.4 %

The company has a market cap of $601.21 million, a P/E ratio of 7.02, a PEG ratio of 0.22 and a beta of 1.18. The business’s 50 day simple moving average is $7.10 and its 200 day simple moving average is $7.90.

Herbalife (NYSE:HLF) last released its earnings results on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.38. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Sell-side analysts anticipate that Herbalife Ltd. will post 1.51 EPS for the current year.

Institutional Investors Weigh In On Herbalife

Institutional investors and hedge funds have recently modified their holdings of the stock. R Squared Ltd bought a new stake in shares of Herbalife during the fourth quarter valued at approximately $63,000. Carolina Wealth Advisors LLC bought a new stake in shares of Herbalife during the third quarter valued at approximately $78,000. Range Financial Group LLC bought a new stake in shares of Herbalife during the fourth quarter valued at approximately $124,000. SG Americas Securities LLC raised its position in shares of Herbalife by 83.5% during the fourth quarter. SG Americas Securities LLC now owns 18,884 shares of the company’s stock valued at $126,000 after buying an additional 8,591 shares during the last quarter. Finally, Algert Global LLC raised its position in shares of Herbalife by 98.9% during the second quarter. Algert Global LLC now owns 20,173 shares of the company’s stock valued at $210,000 after buying an additional 10,033 shares during the last quarter.

About Herbalife

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.