Rhumbline Advisers Raises Holdings in Herbalife Ltd. (NYSE:HLF)

Rhumbline Advisers increased its position in Herbalife Ltd. (NYSE:HLF) by 1.3% in the 2nd quarter, Holdings Channel reports. The firm owned 149,057 shares of the company’s stock after buying an additional 1,953 shares during the period. Rhumbline Advisers’ holdings in Herbalife were worth $1,549,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new position in Herbalife during the 4th quarter worth $258,000. Dimensional Fund Advisors LP lifted its position in Herbalife by 10.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,523,350 shares of the company’s stock valued at $23,247,000 after purchasing an additional 142,829 shares during the period. Principal Financial Group Inc. boosted its holdings in Herbalife by 28.9% in the 4th quarter. Principal Financial Group Inc. now owns 68,723 shares of the company’s stock valued at $1,049,000 after purchasing an additional 15,427 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in Herbalife by 59.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 148,735 shares of the company’s stock worth $2,270,000 after purchasing an additional 55,649 shares during the period. Finally, Armistice Capital LLC acquired a new stake in shares of Herbalife in the 4th quarter valued at approximately $5,799,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HLF. DA Davidson boosted their price target on Herbalife from $9.50 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. B. Riley upped their target price on Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, August 1st. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Mizuho increased their price objective on shares of Herbalife from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Herbalife presently has a consensus rating of “Hold” and an average target price of $12.33.

Herbalife Stock Performance

Shares of NYSE HLF opened at $7.23 on Friday. The firm’s 50 day moving average price is $9.15 and its 200 day moving average price is $9.65. The firm has a market cap of $722.27 million, a P/E ratio of 5.27 and a beta of 1.20. Herbalife Ltd. has a 1 year low of $6.68 and a 1 year high of $15.71.

Herbalife (NYSE:HLF) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. Herbalife had a negative return on equity of 18.69% and a net margin of 1.63%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, equities analysts predict that Herbalife Ltd. will post 1.34 EPS for the current year.

Insider Buying and Selling

In related news, Director Juan Miguel Mendoza purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average price of $7.11 per share, with a total value of $71,100.00. Following the completion of the transaction, the director now owns 120,000 shares of the company’s stock, valued at approximately $853,200. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.94% of the company’s stock.

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.