StockNews.com Downgrades Herbalife (NYSE:HLF) to Hold

StockNews.com cut shares of Herbalife (NYSE:HLFFree Report) from a buy rating to a hold rating in a report released on Wednesday.

Other analysts also recently issued research reports about the stock. Mizuho raised their price target on shares of Herbalife from $10.00 to $11.00 and gave the stock a neutral rating in a report on Friday, June 7th. DA Davidson restated a neutral rating and set a $9.50 price target on shares of Herbalife in a report on Thursday, May 2nd. Finally, Bank of America lowered their price objective on shares of Herbalife from $10.00 to $8.00 and set an underperform rating for the company in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company currently has an average rating of Hold and a consensus price target of $10.70.

Check Out Our Latest Stock Analysis on HLF

Herbalife Trading Down 1.5 %

HLF stock opened at $11.18 on Wednesday. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 8.16 and a beta of 1.24. Herbalife has a 12 month low of $6.68 and a 12 month high of $19.48. The firm has a 50-day moving average of $10.30 and a two-hundred day moving average of $10.95.

Herbalife (NYSE:HLFGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.12. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.26 billion. Herbalife had a net margin of 2.70% and a negative return on equity of 19.97%. Herbalife’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. As a group, equities analysts forecast that Herbalife will post 1.48 earnings per share for the current year.

Insider Buying and Selling

In other Herbalife news, EVP Henry C. Wang purchased 2,778 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of $9.30 per share, with a total value of $25,835.40. Following the transaction, the executive vice president now directly owns 176,194 shares of the company’s stock, valued at approximately $1,638,604.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Herbalife news, Director Donal L. Mulligan purchased 30,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $9.65 per share, with a total value of $289,500.00. Following the transaction, the director now directly owns 60,000 shares of the company’s stock, valued at approximately $579,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Henry C. Wang purchased 2,778 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average cost of $9.30 per share, with a total value of $25,835.40. Following the transaction, the executive vice president now directly owns 176,194 shares in the company, valued at $1,638,604.20. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 61,357 shares of company stock valued at $595,463. Company insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On Herbalife

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its holdings in shares of Herbalife by 22.9% in the 1st 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 in the last quarter. Foundry Partners LLC acquired a new stake in shares of Herbalife in the 1st quarter valued at $105,000. Platinum Investment Management Ltd. raised its holdings in shares of Herbalife by 68.0% in the 1st quarter. Platinum Investment Management Ltd. now owns 11,374 shares of the company’s stock valued at $114,000 after purchasing an additional 4,603 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Herbalife by 140.3% in the 1st quarter. Lazard Asset Management LLC now owns 12,040 shares of the company’s stock valued at $121,000 after purchasing an additional 7,030 shares in the last quarter. Finally, PEAK6 Investments LLC acquired a new stake in shares of Herbalife in the 3rd quarter valued at $146,000.

Herbalife Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Herbalife (NYSE:HLF)

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