Herbalife (NYSE:HLF) Price Target Raised to $9.00

Herbalife (NYSE:HLF) had its price target upped by Mizuho from $8.00 to $9.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts have also recently commented on the stock. StockNews.com cut shares of Herbalife from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. DA Davidson dropped their price target on Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a report on Thursday. Citigroup cut their price objective on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, B. Riley decreased their target price on Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.42.

Herbalife Stock Up 3.7 %

Shares of NYSE HLF opened at $7.83 on Friday. The firm’s 50-day simple moving average is $7.31 and its 200 day simple moving average is $9.30. The stock has a market cap of $789.20 million, a P/E ratio of 9.21, a P/E/G ratio of 0.29 and a beta of 1.17. Herbalife has a fifty-two week low of $6.59 and a fifty-two week high of $15.66.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.38. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. On average, sell-side analysts anticipate that Herbalife will post 1.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Herbalife news, Director Juan Miguel Mendoza bought 10,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was acquired at an average price of $7.11 per share, with a total value of $71,100.00. Following the completion of the transaction, the director now directly owns 120,000 shares in the company, valued at approximately $853,200. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Herbalife

A number of institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. increased its holdings in shares of Herbalife by 139.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 38,020 shares of the company’s stock valued at $273,000 after purchasing an additional 22,138 shares during the period. Iridian Asset Management LLC CT increased its stake in Herbalife by 43.7% in the 3rd quarter. Iridian Asset Management LLC CT now owns 2,228,193 shares of the company’s stock valued at $16,021,000 after buying an additional 677,739 shares during the period. Diversify Wealth Management LLC lifted its position in Herbalife by 271.4% in the 3rd quarter. Diversify Wealth Management LLC now owns 159,499 shares of the company’s stock worth $1,113,000 after buying an additional 116,548 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of Herbalife during the 3rd quarter valued at $78,000. Finally, Avaii Wealth Management LLC grew its holdings in shares of Herbalife by 12.4% during the 3rd quarter. Avaii Wealth Management LLC now owns 39,264 shares of the company’s stock valued at $282,000 after acquiring an additional 4,347 shares in the last quarter.

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.