Herbalife (NYSE:HLF) Stock Rating Lowered by StockNews.com

Herbalife (NYSE:HLF) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

A number of other brokerages have also issued reports on HLF. DA Davidson boosted their target price on Herbalife from $9.50 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Mizuho boosted their price objective on Herbalife from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, June 7th. Finally, B. Riley raised their target price on shares of Herbalife from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.33.

Herbalife Price Performance

HLF opened at $8.21 on Thursday. Herbalife has a 12 month low of $6.68 and a 12 month high of $15.71. The stock’s 50 day moving average price is $10.02 and its 200 day moving average price is $9.78. The stock has a market cap of $820.24 million, a P/E ratio of 5.99 and a beta of 1.25.

Herbalife (NYSE:HLF) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.11. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.33 billion. Herbalife had a negative return on equity of 18.69% and a net margin of 1.63%. The company’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Equities analysts anticipate that Herbalife will post 0.9 EPS for the current year.

Insider Activity

In other news, Director Juan Miguel Mendoza acquired 10,000 shares of Herbalife stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $8.72 per share, with a total value of $87,200.00. Following the completion of the transaction, the director now owns 110,000 shares in the company, valued at $959,200. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.94% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HLF. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 2,908 shares during the last quarter. nVerses Capital LLC lifted its position in shares of Herbalife by 240.0% in the second quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock worth $53,000 after buying an additional 3,600 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of 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 acquiring an additional 1,035 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Herbalife by 10.3% during the 2nd quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock valued at $90,000 after acquiring an additional 808 shares during the last quarter. Finally, Foundry Partners LLC bought a new position in shares of Herbalife in the 1st quarter valued at approximately $105,000.

Herbalife Company Profile

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.