Herbalife (NYSE:HLF) Reaches New 52-Week Low – Should You Sell?

Herbalife Ltd. (NYSE:HLF)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $6.43 and last traded at $6.46, with a volume of 4312974 shares traded. The stock had previously closed at $7.10.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HLF shares. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Citigroup cut their price target on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, October 25th. B. Riley decreased their price objective on Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. DA Davidson cut their target price on Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Mizuho lifted their target price on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.90.

Herbalife Stock Up 0.3 %

The firm has a market capitalization of $653.13 million, a P/E ratio of 7.62, a PEG ratio of 0.27 and a beta of 1.17. The business’s 50-day simple moving average is $7.63 and its 200 day simple moving average is $8.77.

Herbalife (NYSE:HLF) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.19 by $0.38. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. Sell-side analysts predict that Herbalife Ltd. will post 1.51 earnings per share for the current year.

Hedge Funds Weigh In On Herbalife

Large investors have recently added to or reduced their stakes in the company. nVerses Capital LLC grew its position 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 in the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of Herbalife during the 3rd quarter valued at approximately $78,000. Van ECK Associates Corp grew its holdings in shares of Herbalife by 10.3% in 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 in the last quarter. Prospera Financial Services Inc bought a new stake in Herbalife in the third quarter worth $154,000. Finally, DGS Capital Management LLC raised its stake in Herbalife by 63.7% during the third quarter. DGS Capital Management LLC now owns 24,454 shares of the company’s stock valued at $176,000 after purchasing an additional 9,513 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.