Citigroup Lowers Herbalife (NYSE:HLF) Price Target to $11.00

Herbalife (NYSE:HLF) had its price objective decreased by investment analysts at Citigroup from $13.00 to $11.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 50.27% from the company’s current price.

A number of other analysts also recently issued reports on HLF. StockNews.com downgraded shares of Herbalife from a “strong-buy” rating to a “buy” rating in a report on Tuesday. DA Davidson upgraded Herbalife from a “neutral” rating to a “buy” rating and boosted their price target for the company from $7.50 to $14.00 in a research note on Friday, March 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Herbalife has an average rating of “Moderate Buy” and an average price target of $11.50.

Herbalife Stock Performance

NYSE HLF opened at $7.32 on Thursday. The stock has a market cap of $741.82 million, a PE ratio of 2.94, a P/E/G ratio of 0.29 and a beta of 1.02. The firm has a 50-day moving average of $7.73 and a 200-day moving average of $7.25. Herbalife has a 52-week low of $5.04 and a 52-week high of $12.79.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.19. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. As a group, analysts predict that Herbalife will post 1.57 EPS for the current fiscal year.

Insider Activity at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza acquired 5,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were bought at an average cost of $8.25 per share, with a total value of $41,250.00. Following the purchase, the director now directly owns 132,500 shares of the company’s stock, valued at $1,093,125. This trade represents a 3.92 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.73% of the stock is owned by company insiders.

Institutional Investors Weigh In On Herbalife

Several hedge funds and other institutional investors have recently modified their holdings of HLF. Arena Capital Advisors LLC CA grew its holdings in Herbalife by 78.0% during the first quarter. Arena Capital Advisors LLC CA now owns 60,910 shares of the company’s stock worth $526,000 after buying an additional 26,700 shares in the last quarter. MQS Management LLC purchased a new position in Herbalife during the 1st quarter worth $105,000. CWM LLC grew its stake in shares of Herbalife by 199.7% in the 1st quarter. CWM LLC now owns 7,969 shares of the company’s stock worth $69,000 after acquiring an additional 5,310 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in shares of Herbalife by 40.9% in the first quarter. Diversify Wealth Management LLC now owns 270,601 shares of the company’s stock valued at $2,335,000 after purchasing an additional 78,530 shares during the last quarter. Finally, Cerity Partners LLC bought a new position in shares of Herbalife during the first quarter valued at about $108,000.

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.