Herbalife (NYSE:HLF) Hits New 1-Year Low at $11.92

Posted by Defense World Staff on May 27th, 2023

Herbalife Ltd. (NYSE:HLF – Get Rating)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $11.92 and last traded at $11.93, with a volume of 181733 shares. The stock had previously closed at $12.10.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. StockNews.com cut shares of Herbalife from a “buy” rating to a “hold” rating in a report on Saturday, May 13th. Citigroup lifted their price objective on shares of Herbalife from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, March 1st. Finally, Bank of America initiated coverage on shares of Herbalife in a report on Friday, February 3rd. They issued an “underperform” rating and a $14.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.60.

Herbalife Price Performance

The firm has a market cap of $1.18 billion, a PE ratio of 4.67 and a beta of 1.13. The business’s 50 day moving average price is $14.68 and its 200 day moving average price is $16.11.

Herbalife (NYSE:HLF – Get Rating) last released its earnings results on Tuesday, May 2nd. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.11). The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Herbalife had a negative return on equity of 22.11% and a net margin of 4.93%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. As a group, analysts predict that Herbalife Ltd. will post 2.26 earnings per share for the current year.

Insider Transactions at Herbalife

In related news, Director Stephan Paulo Gratziani bought 23,500 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was acquired at an average price of $14.06 per share, with a total value of $330,410.00. Following the completion of the purchase, the director now directly owns 34,529 shares of the company’s stock, valued at $485,477.74. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.66% of the company’s stock.

Hedge Funds Weigh In On Herbalife

A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in Herbalife by 0.7% during the first quarter. JPMorgan Chase & Co. now owns 1,711,027 shares of the company’s stock worth $27,547,000 after acquiring an additional 12,671 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Herbalife by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 1,967,765 shares of the company’s stock valued at $31,681,000 after purchasing an additional 29,011 shares during the last quarter. Graham Capital Management L.P. boosted its holdings in Herbalife by 9.1% in the 1st quarter. Graham Capital Management L.P. now owns 77,044 shares of the company’s stock valued at $1,240,000 after purchasing an additional 6,450 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Herbalife by 299.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,612,512 shares of the company’s stock valued at $25,961,000 after purchasing an additional 1,208,604 shares during the last quarter. Finally, Aristotle Capital Boston LLC boosted its holdings in Herbalife by 5.8% in the 1st quarter. Aristotle Capital Boston LLC now owns 1,131,351 shares of the company’s stock valued at $18,215,000 after purchasing an additional 61,877 shares during the last quarter. 98.91% of the stock is currently owned by institutional investors and hedge funds.

Herbalife Company Profile

(Get Rating)

Herbalife Ltd. engages in the provision of health and wellness products. It operates through the following geographical segments: North America, Latin America, EMEA, Asia Pacific, and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in Los Angeles, CA.