Herbalife (NYSE:HLF) Lowered to “Hold” at StockNews.com

StockNews.com cut shares of Herbalife (NYSE:HLF) from a buy rating to a hold rating in a research note published on Friday.

Several other equities analysts have also recently commented on HLF. Mizuho upped their target price on shares of Herbalife from $10.00 to $11.00 and gave the company a neutral rating in a research note on Friday, June 7th. DA Davidson increased their price objective on shares of Herbalife from $9.50 to $13.00 and gave the company a neutral rating in a research note on Thursday, August 1st. Finally, B. Riley increased their price objective on shares of Herbalife from $16.00 to $17.00 and gave the company a buy rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Herbalife presently has a consensus rating of Hold and a consensus target price of $12.33.

Herbalife Price Performance

NYSE:HLF opened at $8.65 on Friday. The stock has a market cap of $864.22 million, a P/E ratio of 6.31 and a beta of 1.25. Herbalife has a one year low of $6.68 and a one year high of $15.89. The company has a fifty day moving average price of $10.43 and a 200 day moving average price of $9.93.

Herbalife (NYSE:HLF) last released its earnings results on Wednesday, July 31st. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.43 by $0.11. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Herbalife had a net margin of 1.63% and a negative return on equity of 18.69%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. As a group, equities research analysts anticipate that Herbalife will post 1.48 EPS for the current year.

Institutional Investors Weigh In On Herbalife

Large investors have recently made changes to their positions in the company. GSA Capital Partners LLP grew its holdings in shares of Herbalife by 523.6% in the 4th quarter. GSA Capital Partners LLP now owns 177,281 shares of the company’s stock worth $2,705,000 after purchasing an additional 148,851 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Herbalife by 5,249.2% in the 1st quarter. Russell Investments Group Ltd. now owns 138,599 shares of the company’s stock worth $1,390,000 after purchasing an additional 136,008 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Herbalife by 7.7% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 1,624,370 shares of the company’s stock worth $24,788,000 after purchasing an additional 116,030 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Herbalife in the 1st quarter worth about $1,397,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Herbalife by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 82,287 shares of the company’s stock worth $827,000 after purchasing an additional 3,647 shares during the last quarter.

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 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.