Brokerages Set Herbalife Ltd. (NYSE:HLF) Target Price at $9.90

Shares of Herbalife Ltd. (NYSE:HLF) have earned a consensus rating of “Hold” from the five brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $9.90.

HLF has been the subject of a number of recent analyst reports. Citigroup dropped their price target on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, October 25th. DA Davidson lowered their target price on Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, October 31st. B. Riley reduced their price target on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research 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 report on Friday, November 1st. Finally, StockNews.com raised shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th.

Herbalife Stock Performance

Shares of NYSE:HLF opened at $8.20 on Monday. The company’s fifty day moving average is $7.32 and its 200-day moving average is $9.26. Herbalife has a 52 week low of $6.59 and a 52 week high of $15.66. The company has a market capitalization of $826.48 million, a PE ratio of 9.65, a P/E/G ratio of 0.29 and a beta of 1.17.

Herbalife (NYSE:HLF) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.38. The firm had revenue of $1.24 billion for 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%. On average, analysts forecast that Herbalife will post 1.51 EPS for the current year.

Insider Activity

In other 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 acquired at an average cost of $7.11 per share, for a total transaction of $71,100.00. Following the transaction, the director now directly owns 120,000 shares of the company’s stock, valued at approximately $853,200. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased a total of 25,000 shares of company stock valued at $199,475 in the last 90 days. 0.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On Herbalife

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