Herbalife (NYSE:HLF) Price Target Cut to $13.00 by Analysts at Royal Bank of Canada

Herbalife (NYSE:HLF) had its price target trimmed by Royal Bank of Canada from $15.00 to $13.00 in a report issued on Friday, Benzinga reports. The firm currently has a sector perform rating on the stock.

Several other equities analysts have also recently weighed in on HLF. TheStreet cut Herbalife from a c rating to a d+ rating in a report on Thursday, November 2nd. DA Davidson initiated coverage on shares of Herbalife in a research report on Wednesday, September 13th. They set a neutral rating and a $13.50 price objective for the company. Mizuho upped their price objective on shares of Herbalife from $13.00 to $17.00 and gave the company a neutral rating in a report on Thursday, August 3rd. StockNews.com lowered shares of Herbalife from a buy rating to a hold rating in a research note on Tuesday, November 7th. Finally, BMO Capital Markets started coverage on shares of Herbalife in a research report on Monday, October 16th. They issued a market perform rating and a $12.00 target price for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $16.25.

Herbalife Stock Down 0.2 %

NYSE:HLF opened at $12.92 on Friday. The company has a market cap of $1.28 billion, a PE ratio of 6.91 and a beta of 1.21. The business’s 50 day moving average is $14.08 and its two-hundred day moving average is $14.16. Herbalife has a 52 week low of $11.14 and a 52 week high of $21.33.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.25 billion. Herbalife had a negative return on equity of 20.71% and a net margin of 3.71%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. As a group, sell-side analysts expect that Herbalife will post 2 EPS for the current fiscal year.

Insider Transactions at Herbalife

In other news, EVP Ibelis Montesino sold 6,604 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $14.99, for a total value of $98,993.96. Following the transaction, the executive vice president now directly owns 139,224 shares of the company’s stock, valued at $2,086,967.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HLF. Camber Capital Management LP grew its stake in shares of Herbalife by 233.3% during the 2nd quarter. Camber Capital Management LP now owns 2,750,000 shares of the company’s stock worth $36,410,000 after purchasing an additional 1,925,000 shares during the period. BlackRock Inc. grew its position in Herbalife by 26.6% in the third quarter. BlackRock Inc. now owns 8,604,102 shares of the company’s stock valued at $171,134,000 after acquiring an additional 1,807,216 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Herbalife during the 1st quarter valued at approximately $27,101,000. Arrowstreet Capital Limited Partnership lifted its stake in 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 lifted its stake in 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.

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. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotion items.