Herbalife (NYSE:HLF) Shares Pass Above 200 Day Moving Average – Time to Sell?

Shares of Herbalife Ltd (NYSE:HLF) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.85 and traded as high as $16.91. Herbalife shares last traded at $16.4950, with a volume of 1,157,162 shares traded.

Wall Street Analyst Weigh In

HLF has been the subject of several research analyst reports. Argus set a $15.00 target price on shares of Herbalife in a research report on Wednesday, November 26th. Citigroup reaffirmed a “buy” rating and set a $17.00 price objective (up from $11.00) on shares of Herbalife in a report on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Herbalife in a research report on Thursday, January 22nd. Wall Street Zen upgraded Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Finally, Mizuho set a $13.00 price objective on Herbalife and gave the stock a “neutral” rating in a report on Thursday, January 8th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.80.

Herbalife Stock Down 2.6%

The firm’s 50-day simple moving average is $14.09 and its 200-day simple moving average is $10.85. The firm has a market capitalization of $1.70 billion, a PE ratio of 5.27 and a beta of 0.82.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.46 by $0.04. Herbalife had a negative return on equity of 29.84% and a net margin of 6.47%.The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts forecast that Herbalife Ltd will post 1.57 earnings per share for the current year.

Insider Activity

In other news, Director Lynda Cloud bought 17,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were purchased at an average price of $8.97 per share, for a total transaction of $152,490.00. Following the completion of the acquisition, the director owned 38,857 shares of the company’s stock, valued at approximately $348,547.29. This trade represents a 77.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have purchased a total of 18,200 shares of company stock valued at $167,938 in the last quarter. 1.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Herbalife

A number of large investors have recently added to or reduced their stakes in HLF. Geode Capital Management LLC boosted its holdings in shares of Herbalife by 1.1% during the second quarter. Geode Capital Management LLC now owns 2,810,794 shares of the company’s stock worth $24,231,000 after purchasing an additional 31,077 shares during the period. Iridian Asset Management LLC CT increased its holdings in Herbalife by 9.9% during the 3rd quarter. Iridian Asset Management LLC CT now owns 2,449,155 shares of the company’s stock valued at $20,671,000 after purchasing an additional 220,896 shares during the period. Solel Partners LP raised its position in Herbalife by 18.7% during the 2nd quarter. Solel Partners LP now owns 1,669,405 shares of the company’s stock valued at $14,390,000 after purchasing an additional 262,614 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Herbalife by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,399,107 shares of the company’s stock worth $11,809,000 after buying an additional 45,884 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Herbalife by 40.0% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,013,505 shares of the company’s stock worth $8,736,000 after buying an additional 289,537 shares during the period.

Herbalife Company Profile

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.