Herbalife (NYSE:HLF) Stock Price Down 5.3% – Here’s What Happened

Herbalife Ltd. (NYSE:HLF) shares were down 5.3% during trading on Tuesday . The stock traded as low as $8.12 and last traded at $8.17. Approximately 258,726 shares changed hands during trading, a decline of 88% from the average daily volume of 2,126,640 shares. The stock had previously closed at $8.63.

Analyst Ratings Changes

A number of research firms have weighed in on HLF. StockNews.com raised shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Mizuho boosted their target price on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. B. Riley decreased their target price on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Citigroup decreased their target price on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, DA Davidson decreased their target price on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Herbalife presently has an average rating of “Hold” and an average target price of $9.90.

Herbalife Stock Up 1.8 %

The company has a market cap of $810.35 million, a P/E ratio of 9.46, a PEG ratio of 0.30 and a beta of 1.17. The firm’s 50 day moving average is $7.49 and its two-hundred day moving average is $9.16.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.38. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. As a group, research analysts forecast that Herbalife Ltd. will post 1.51 EPS for the current fiscal year.

Insider Activity

In related news, Director Juan Miguel Mendoza bought 10,000 shares of Herbalife stock in a transaction dated Monday, September 9th. The stock was purchased at an average cost of $7.11 per share, with a total value of $71,100.00. Following the transaction, the director now directly owns 120,000 shares of the company’s stock, valued at approximately $853,200. The trade was a 9.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have purchased 15,000 shares of company stock worth $112,275. Company insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its position in shares of Herbalife by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 82,287 shares of the company’s stock valued at $827,000 after acquiring an additional 3,647 shares during the period. Baupost Group LLC MA grew its position in shares of Herbalife by 128.3% during the 2nd quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock valued at $53,244,000 after acquiring an additional 2,879,603 shares during the period. Marshall Wace LLP grew its position in shares of Herbalife by 2,053.6% during the 2nd quarter. Marshall Wace LLP now owns 1,977,155 shares of the company’s stock valued at $20,543,000 after acquiring an additional 1,885,346 shares during the period. Maverick Capital Ltd. grew its position in shares of Herbalife by 409.4% during the 2nd quarter. Maverick Capital Ltd. now owns 127,887 shares of the company’s stock valued at $1,329,000 after acquiring an additional 102,784 shares during the period. Finally, GAMMA Investing LLC grew 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 acquiring an additional 2,908 shares during the period.

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.