Herbalife (NYSE:HLF) Trading Down 4.2%

Herbalife Ltd. (NYSE:HLFGet Free Report) traded down 4.2% during trading on Monday . The company traded as low as $10.71 and last traded at $10.75. 659,281 shares changed hands during trading, a decline of 70% from the average session volume of 2,198,792 shares. The stock had previously closed at $11.22.

Analyst Ratings Changes

A number of research firms recently weighed in on HLF. Bank of America lowered their target price on shares of Herbalife from $10.00 to $8.00 and set an “underperform” rating on the stock in a research note on Thursday, March 21st. Mizuho upped their price objective on Herbalife from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, June 7th. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd. Finally, DA Davidson reiterated a “neutral” rating and set a $9.50 price objective on shares of Herbalife in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $10.70.

Read Our Latest Analysis on HLF

Herbalife Stock Up 1.6 %

The stock’s 50 day moving average price is $10.82 and its 200-day moving average price is $10.60. The stock has a market capitalization of $990.70 million, a PE ratio of 7.23 and a beta of 1.25.

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

Insider Buying and Selling at Herbalife

In other news, Director Juan Miguel Mendoza purchased 7,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average cost of $10.65 per share, with a total value of $74,550.00. Following the completion of the acquisition, the director now owns 93,279 shares of the company’s stock, valued at approximately $993,421.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Donal L. Mulligan bought 30,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was acquired at an average cost of $9.65 per share, with a total value of $289,500.00. Following the purchase, the director now directly owns 60,000 shares of the company’s stock, valued at $579,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Juan Miguel Mendoza acquired 7,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average cost of $10.65 per share, with a total value of $74,550.00. Following the acquisition, the director now directly owns 93,279 shares of the company’s stock, valued at approximately $993,421.35. The disclosure for this purchase can be found here. Insiders have purchased 42,500 shares of company stock worth $418,485 over the last quarter. Insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HLF. Exchange Traded Concepts LLC grew its position in Herbalife by 3.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 26,496 shares of the company’s stock valued at $404,000 after acquiring an additional 929 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Herbalife by 22.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock worth $56,000 after buying an additional 1,035 shares during the period. ProShare Advisors LLC lifted its holdings in Herbalife by 8.6% during the 1st quarter. ProShare Advisors LLC now owns 17,767 shares of the company’s stock worth $179,000 after buying an additional 1,400 shares in the last quarter. GAMMA Investing LLC boosted its position in Herbalife by 465.3% in the 2nd quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock valued at $37,000 after buying an additional 2,908 shares during the period. Finally, Hollencrest Capital Management increased its position in shares of Herbalife by 21.3% during the first quarter. Hollencrest Capital Management now owns 17,100 shares of the company’s stock worth $172,000 after acquiring an additional 3,000 shares during the period.

Herbalife Company Profile

(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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