Herbalife Ltd. (NYSE:HLF) Given Average Recommendation of “Hold” by Analysts

Shares of Herbalife Ltd. (NYSE:HLF) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $12.33.

Several research analysts have commented on HLF shares. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a report on Friday, September 13th. DA Davidson increased their price target on shares of Herbalife from $9.50 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. B. Riley lifted their price objective on Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Mizuho increased their target price on Herbalife from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th.

Insider Buying and Selling

In related news, Director Juan Miguel Mendoza purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the purchase, the director now directly owns 120,000 shares of the company’s stock, valued at approximately $853,200. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Herbalife

Several large investors have recently modified their holdings of the stock. Windacre Partnership LLC raised its holdings in Herbalife by 3.4% in the 1st quarter. Windacre Partnership LLC now owns 9,203,500 shares of the company’s stock worth $92,495,000 after acquiring an additional 300,000 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Herbalife by 11.6% in the 2nd quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company’s stock worth $69,129,000 after purchasing an additional 692,800 shares in the last quarter. Baupost Group LLC MA lifted its holdings in shares of Herbalife by 128.3% during the second quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock valued at $53,244,000 after purchasing an additional 2,879,603 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Herbalife by 15.3% during the second quarter. Bank of Montreal Can now owns 3,776,641 shares of the company’s stock valued at $41,354,000 after buying an additional 500,876 shares during the last quarter. Finally, Long Focus Capital Management LLC boosted its position in shares of Herbalife by 11.3% during the second quarter. Long Focus Capital Management LLC now owns 3,202,982 shares of the company’s stock valued at $33,279,000 after buying an additional 323,969 shares during the last quarter.

Herbalife Price Performance

Shares of NYSE:HLF opened at $7.22 on Friday. The stock’s 50-day moving average is $9.15 and its 200 day moving average is $9.66. The company has a market cap of $721.77 million, a PE ratio of 5.27 and a beta of 1.20. Herbalife has a 1 year low of $6.68 and a 1 year high of $15.71.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.33 billion. Herbalife had a negative return on equity of 18.69% and a net margin of 1.63%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.74 EPS. Analysts expect that Herbalife will post 1.34 EPS for the current fiscal 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.