Herbalife Ltd. (NYSE:HLF) Receives $22.50 Consensus Price Target from Analysts

Shares of Herbalife Ltd. (NYSE:HLF) have been given a consensus recommendation of “Hold” by the five analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $20.70.

HLF has been the topic of a number of research analyst reports. Mizuho lifted their target price on Herbalife from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. StockNews.com cut Herbalife from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, DA Davidson initiated coverage on Herbalife in a research report on Wednesday. They set a “neutral” rating and a $13.50 target price on the stock.

Insiders Place Their Bets

In other Herbalife news, EVP Ibelis Montesino sold 6,604 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $14.99, for a total transaction of $98,993.96. Following the transaction, the executive vice president now owns 139,224 shares in the company, valued at approximately $2,086,967.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Herbalife

Institutional investors have recently modified their holdings of the company. Camber Capital Management LP grew its holdings in Herbalife by 233.3% during the 2nd quarter. Camber Capital Management LP now owns 2,750,000 shares of the company’s stock valued at $36,410,000 after buying an additional 1,925,000 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Herbalife by 26.6% during the third quarter. BlackRock Inc. now owns 8,604,102 shares of the company’s stock worth $171,134,000 after purchasing an additional 1,807,216 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Herbalife during the first quarter worth $27,101,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Herbalife by 299.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,612,512 shares of the company’s stock worth $25,961,000 after purchasing an additional 1,208,604 shares during the last quarter. Finally, Portman Square Capital LLP boosted its holdings in shares of Herbalife by 116.9% during the second quarter. Portman Square Capital LLP now owns 163,133 shares of the company’s stock worth $2,160,000 after purchasing an additional 1,130,388 shares during the last quarter.

Herbalife Trading Down 2.8 %

NYSE:HLF opened at $14.59 on Wednesday. The firm has a market cap of $1.44 billion, a PE ratio of 6.43 and a beta of 1.19. The stock has a fifty day moving average price of $15.44 and a 200 day moving average price of $14.97. Herbalife has a 12-month low of $11.14 and a 12-month high of $23.34.

Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.09. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. Herbalife had a negative return on equity of 21.62% and a net margin of 4.48%. Equities analysts forecast that Herbalife will post 2.3 EPS for the current 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 rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotion items.