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

Shares of Herbalife Ltd. (NYSE:HLF) have been assigned a consensus recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $12.33.

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

Insiders Place Their Bets

In other news, Director Juan Miguel Mendoza acquired 10,000 shares of Herbalife stock in a transaction dated Monday, September 9th. The shares were purchased at an average cost of $7.11 per share, for a total transaction of $71,100.00. Following the transaction, the director now owns 120,000 shares of the company’s stock, valued at $853,200. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Herbalife

A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in shares of Herbalife by 465.3% in the 2nd quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock valued at $37,000 after acquiring an additional 2,908 shares during the last quarter. nVerses Capital LLC increased its stake in Herbalife by 240.0% in the 2nd quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock worth $53,000 after purchasing an additional 3,600 shares during the period. Public Employees Retirement System of Ohio lifted its position in Herbalife by 22.9% in 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 last quarter. Van ECK Associates Corp boosted its stake in shares of Herbalife by 10.3% during the second quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock valued at $90,000 after purchasing an additional 808 shares during the period. Finally, Foundry Partners LLC bought a new position in shares of Herbalife in the first quarter worth approximately $105,000.

Herbalife Trading Up 2.7 %

HLF opened at $7.22 on Friday. Herbalife has a 12 month low of $6.68 and a 12 month high of $15.71. The company has a market cap of $721.77 million, a PE ratio of 5.27 and a beta of 1.20. The company has a 50 day moving average of $9.15 and a 200 day moving average of $9.66.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. The firm had revenue of $1.28 billion during 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 revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the company earned $0.74 earnings per share. Research analysts forecast that Herbalife will post 1.34 earnings per share 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.