Herbalife (NYSE:HLF) Downgraded by StockNews.com to “Hold”

Herbalife (NYSE:HLF) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Other research analysts also recently issued reports about the company. B. Riley lifted their price target on Herbalife from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. DA Davidson raised their price target on shares of Herbalife from $9.50 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Herbalife currently has an average rating of “Hold” and a consensus price target of $12.40.

Herbalife Price Performance

HLF opened at $6.84 on Tuesday. The company has a market capitalization of $683.28 million, a PE ratio of 4.99, a price-to-earnings-growth ratio of 0.27 and a beta of 1.19. The business has a 50-day moving average of $7.53 and a 200-day moving average of $9.38. Herbalife has a fifty-two week low of $6.59 and a fifty-two week high of $15.66.

Herbalife (NYSE:HLF) last posted its earnings results on Wednesday, July 31st. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.43 by $0.11. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.33 billion. Herbalife had a net margin of 1.63% and a negative return on equity of 18.69%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share. On average, equities research analysts expect that Herbalife will post 1.34 earnings per share for the current fiscal year.

Insider Activity

In other Herbalife news, Director Juan Miguel Mendoza bought 10,000 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average price of $7.11 per share, with a total value of $71,100.00. Following the completion of the purchase, the director now directly owns 120,000 shares in the company, valued at $853,200. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Institutional Trading of Herbalife

Several institutional investors have recently bought and sold shares of HLF. Windacre Partnership LLC grew its holdings in shares of 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 purchasing an additional 300,000 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Herbalife by 11.6% in the second 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 during the last quarter. Baupost Group LLC MA boosted its holdings in shares of 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 acquiring an additional 2,879,603 shares in the last quarter. Bank of Montreal Can grew its position 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 acquiring an additional 500,876 shares during the last quarter. Finally, Long Focus Capital Management LLC increased its holdings in Herbalife by 11.3% during the 2nd 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.

About Herbalife

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.