Herbalife (NYSE:HLF) Downgraded by StockNews.com

StockNews.com lowered shares of Herbalife (NYSE:HLF) from a buy rating to a hold rating in a research note released on Tuesday morning.

Several other research firms have also commented on HLF. B. Riley raised their price objective on shares of Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. DA Davidson raised their price objective on shares of Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.40.

Herbalife Price Performance

Shares of HLF opened at $6.81 on Tuesday. Herbalife has a 1-year low of $6.59 and a 1-year high of $15.66. The stock has a market cap of $680.78 million, a PE ratio of 4.97, a P/E/G ratio of 0.27 and a beta of 1.19. The firm has a 50-day simple moving average of $7.51 and a two-hundred day simple moving average of $9.37.

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

Insider Buying and Selling

In other news, Director Juan Miguel Mendoza bought 10,000 shares of Herbalife stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $8.72 per share, for a total transaction of $87,200.00. Following the acquisition, the director now owns 110,000 shares in the company, valued at approximately $959,200. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.94% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HLF. GAMMA Investing LLC increased its position in Herbalife by 465.3% during the 2nd quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock worth $37,000 after purchasing an additional 2,908 shares in the last quarter. nVerses Capital LLC increased its holdings in shares of Herbalife by 240.0% during the second quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock valued at $53,000 after purchasing an additional 3,600 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Herbalife by 22.9% during the first quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock valued at $56,000 after purchasing an additional 1,035 shares during the period. Carolina Wealth Advisors LLC acquired a new position in shares of Herbalife during the third quarter valued at $78,000. Finally, Van ECK Associates Corp grew its holdings in Herbalife by 10.3% during the second quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock worth $90,000 after acquiring an additional 808 shares during the period.

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.