Herbalife Ltd. (NYSE:HLF) Receives $9.90 Consensus Price Target from Analysts

Herbalife Ltd. (NYSE:HLF) has been assigned a consensus rating of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $9.90.

A number of research firms recently commented on HLF. Citigroup decreased their price objective on Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, October 25th. DA Davidson decreased their price objective on Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, October 31st. StockNews.com raised shares of Herbalife from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Mizuho increased their target price on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, B. Riley decreased their price target on Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, October 31st.

Herbalife Stock Performance

Shares of NYSE HLF opened at $7.92 on Monday. Herbalife has a 1 year low of $6.59 and a 1 year high of $15.66. The company’s fifty day moving average price is $7.32 and its 200 day moving average price is $9.25. The company has a market capitalization of $798.27 million, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.29 and a beta of 1.17.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.38. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. On average, equities analysts expect that Herbalife will post 1.51 EPS for the current year.

Insider Buying and Selling at Herbalife

In related news, Director Juan Miguel Mendoza purchased 10,000 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average price of $7.11 per share, with a total value of $71,100.00. Following the completion of the acquisition, the director now directly owns 120,000 shares in the company, valued at $853,200. This represents a 9.09 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders purchased 25,000 shares of company stock worth $199,475 over the last 90 days. Corporate insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Herbalife

Large investors have recently modified their holdings of the stock. Barclays PLC lifted its position in Herbalife by 347.0% in the third quarter. Barclays PLC now owns 161,426 shares of the company’s stock valued at $1,160,000 after purchasing an additional 125,311 shares during the period. Prentice Capital Management LP grew its holdings in Herbalife by 27.0% during the third quarter. Prentice Capital Management LP now owns 233,851 shares of the company’s stock worth $1,681,000 after acquiring an additional 49,747 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Herbalife by 15.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,539,148 shares of the company’s stock worth $11,066,000 after acquiring an additional 206,530 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Herbalife by 20.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,287,600 shares of the company’s stock worth $16,448,000 after purchasing an additional 384,100 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in shares of Herbalife during the 3rd quarter worth $410,000.

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.