Herbalife (NYSE:HLF) Stock Price Down 6.3%

Herbalife Ltd. (NYSE:HLF) shares were down 6.3% on Monday . The company traded as low as $8.25 and last traded at $8.27. Approximately 630,035 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 2,186,584 shares. The stock had previously closed at $8.83.

Analysts Set New Price Targets

HLF has been the subject of several research reports. Mizuho increased their price objective on shares of Herbalife from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th. StockNews.com raised shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Wednesday. 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 company a “buy” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.33.

Herbalife Stock Up 4.0 %

The firm has a market cap of $797.74 million, a price-to-earnings ratio of 5.82 and a beta of 1.25. The company’s fifty day moving average is $10.91 and its 200 day moving average is $10.11.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.33 billion. Herbalife had a net margin of 1.63% and a negative return on equity of 18.69%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. On average, equities research analysts forecast that Herbalife Ltd. will post 1.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HLF. DGS Capital Management LLC bought a new position in shares of Herbalife in the fourth quarter valued at $165,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Herbalife by 35.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,584 shares of the company’s stock valued at $345,000 after acquiring an additional 5,922 shares during the period. Arena Capital Advisors LLC CA increased its stake in shares of Herbalife by 55.5% during the 4th quarter. Arena Capital Advisors LLC CA now owns 34,210 shares of the company’s stock worth $522,000 after purchasing an additional 12,210 shares during the last quarter. Duality Advisers LP raised its holdings in shares of Herbalife by 99.6% in the 4th quarter. Duality Advisers LP now owns 45,698 shares of the company’s stock valued at $697,000 after purchasing an additional 22,807 shares during the period. Finally, LSV Asset Management lifted its stake in Herbalife by 1.0% in the 4th quarter. LSV Asset Management now owns 1,089,903 shares of the company’s stock valued at $16,632,000 after purchasing an additional 10,700 shares during the last quarter.

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.