Citigroup Lowers Herbalife (NYSE:HLF) Price Target to $13.00

Herbalife (NYSE:HLF) had its target price cut by equities research analysts at Citigroup from $16.00 to $13.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 93.16% from the company’s previous close.

HLF has been the topic of several other research reports. B. Riley lifted their target price on Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. StockNews.com downgraded shares of Herbalife from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, DA Davidson raised their target price 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Herbalife has an average rating of “Hold” and a consensus price target of $12.50.

Herbalife Trading Down 2.6 %

NYSE HLF opened at $6.73 on Friday. The stock has a market cap of $677.85 million, a price-to-earnings ratio of 8.21, a PEG ratio of 0.26 and a beta of 1.19. Herbalife has a 12 month low of $6.59 and a 12 month high of $15.66. The company’s 50 day moving average is $7.43 and its two-hundred day moving average is $9.33.

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

Insider Activity at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average price of $8.72 per share, with a total value of $87,200.00. Following the completion of the purchase, the director now directly owns 110,000 shares in the company, valued at $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 through the SEC website. 0.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Herbalife

Several large investors have recently added to or reduced their stakes in HLF. GAMMA Investing LLC increased its position in shares of Herbalife by 465.3% during the 2nd quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock valued at $37,000 after purchasing an additional 2,908 shares during the last quarter. nVerses Capital LLC boosted its stake in Herbalife by 240.0% during the second quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock worth $53,000 after buying an additional 3,600 shares during the period. Public Employees Retirement System of Ohio increased its position in 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 acquiring an additional 1,035 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of Herbalife in the third quarter valued at $78,000. Finally, Van ECK Associates Corp lifted its holdings in shares of Herbalife by 10.3% in the 2nd 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 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.