Herbalife Ltd. (NYSE:HLF) Given Consensus Rating of “Reduce” by Analysts

Herbalife Ltd. (NYSE:HLFGet Free Report) has received an average rating of “Reduce” from the five brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $10.70.

HLF has been the subject of several recent research reports. StockNews.com cut shares of Herbalife from a “buy” rating to a “hold” rating in a research report on Wednesday. Bank of America dropped their price objective on Herbalife from $10.00 to $8.00 and set an “underperform” rating for the company in a report on Thursday, March 21st. Mizuho raised their target price on Herbalife from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, June 7th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $9.50 price target on shares of Herbalife in a research note on Thursday, May 2nd.

View Our Latest Analysis on HLF

Insider Activity

In other Herbalife news, EVP Henry C. Wang bought 2,778 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average cost of $9.30 per share, with a total value of $25,835.40. Following the purchase, the executive vice president now owns 176,194 shares in the company, valued at $1,638,604.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Henry C. Wang purchased 2,778 shares of Herbalife stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of $9.30 per share, for a total transaction of $25,835.40. Following the completion of the acquisition, the executive vice president now directly owns 176,194 shares of the company’s stock, valued at $1,638,604.20. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Juan Miguel Mendoza acquired 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of $10.17 per share, for a total transaction of $25,425.00. Following the completion of the acquisition, the director now owns 80,779 shares of the company’s stock, valued at $821,522.43. The disclosure for this purchase can be found here. Insiders have acquired 61,357 shares of company stock worth $595,463 in the last 90 days. Corporate insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in Herbalife during the 1st quarter worth approximately $393,000. Windacre Partnership LLC lifted its position in shares of Herbalife by 3.4% in the first quarter. Windacre Partnership LLC now owns 9,203,500 shares of the company’s stock worth $92,495,000 after purchasing an additional 300,000 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Herbalife by 3,832.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,157,309 shares of the company’s stock worth $11,631,000 after purchasing an additional 1,127,880 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Herbalife by 22.9% in the first quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock valued at $56,000 after purchasing an additional 1,035 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Herbalife by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 82,287 shares of the company’s stock valued at $827,000 after buying an additional 3,647 shares during the last quarter.

Herbalife Stock Up 2.4 %

Herbalife stock opened at $11.46 on Friday. The business’s 50-day simple moving average is $10.12 and its 200 day simple moving average is $10.97. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 8.36 and a beta of 1.23. Herbalife has a 12-month low of $6.68 and a 12-month high of $19.48.

Herbalife (NYSE:HLFGet Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.12. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.26 billion. Herbalife had a net margin of 2.70% and a negative return on equity of 19.97%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. As a group, sell-side analysts expect that Herbalife will post 1.48 EPS for the current year.

About Herbalife

(Get Free Report

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.

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Analyst Recommendations for Herbalife (NYSE:HLF)

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