Herbalife Ltd. (NYSE:HLF) Receives Average Rating of “Hold” from Brokerages

Herbalife Ltd. (NYSE:HLF) has received an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $12.40.

A number of brokerages recently issued reports on HLF. StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a report on Monday. B. Riley lifted their target price on Herbalife from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, DA Davidson lifted their target price on Herbalife from $9.50 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st.

Insider Transactions at Herbalife

In other news, Director Juan Miguel Mendoza acquired 10,000 shares of Herbalife stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $8.72 per share, with a total value of $87,200.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by insiders.

Institutional Trading of Herbalife

A number of institutional investors have recently bought and sold shares of HLF. Baupost Group LLC MA boosted its position in Herbalife by 128.3% during the second quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock valued at $53,244,000 after purchasing an additional 2,879,603 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Herbalife by 2,053.6% in the second quarter. Marshall Wace LLP now owns 1,977,155 shares of the company’s stock worth $20,543,000 after buying an additional 1,885,346 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Herbalife by 3,832.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,157,309 shares of the company’s stock worth $11,631,000 after buying an additional 1,127,880 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Herbalife by 164.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,288,198 shares of the company’s stock worth $19,658,000 after buying an additional 801,644 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position 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 worth $69,129,000 after buying an additional 692,800 shares during the last quarter.

Herbalife Stock Up 2.2 %

NYSE:HLF opened at $7.00 on Thursday. The business’s 50 day moving average is $7.64 and its two-hundred day moving average is $9.40. Herbalife has a 52 week low of $6.59 and a 52 week high of $15.71. The company has a market cap of $699.78 million, a PE ratio of 5.11, a P/E/G ratio of 0.27 and a beta of 1.19.

Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.11. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate 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 was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. As a group, sell-side analysts expect that Herbalife will post 1.34 EPS 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.