DA Davidson Has Lowered Expectations for Herbalife (NYSE:HLF) Stock Price

Herbalife (NYSE:HLF) had its price target dropped by research analysts at DA Davidson from $13.00 to $7.50 in a report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s target price would suggest a potential downside of 4.58% from the stock’s previous close.

A number of other research analysts have also commented on the stock. Citigroup decreased their price target on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. B. Riley decreased their price target on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, StockNews.com downgraded shares of Herbalife from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Herbalife currently has a consensus rating of “Hold” and an average target price of $10.42.

Herbalife Stock Performance

Shares of HLF opened at $7.86 on Thursday. Herbalife has a 52 week low of $6.59 and a 52 week high of $15.66. The firm has a market cap of $791.66 million, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 0.26 and a beta of 1.19. The firm’s 50-day simple moving average is $7.33 and its 200 day simple moving average is $9.29.

Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.38. Herbalife had a net margin of 1.73% and a negative return on equity of 18.25%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. As a group, equities analysts forecast that Herbalife will post 1.34 earnings per share for the current year.

Insider Buying and Selling at Herbalife

In other news, Director Juan Miguel Mendoza purchased 10,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was bought at an average price of $7.11 per share, with a total value of $71,100.00. Following the acquisition, the director now owns 120,000 shares in the company, valued at approximately $853,200. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.94% of the company’s stock.

Institutional Trading of Herbalife

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Windacre Partnership LLC lifted its holdings in shares of Herbalife by 3.4% during the 1st quarter. Windacre Partnership LLC now owns 9,203,500 shares of the company’s stock worth $92,495,000 after acquiring an additional 300,000 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Herbalife by 11.6% during the 2nd quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company’s stock worth $69,129,000 after acquiring an additional 692,800 shares during the period. Baupost Group LLC MA lifted its holdings in shares of Herbalife by 128.3% during the 2nd quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock worth $53,244,000 after acquiring an additional 2,879,603 shares during the period. Bank of Montreal Can lifted its holdings in shares of Herbalife by 15.3% during the 2nd quarter. Bank of Montreal Can now owns 3,776,641 shares of the company’s stock worth $41,354,000 after acquiring an additional 500,876 shares during the period. Finally, Long Focus Capital Management LLC lifted its holdings in shares of Herbalife by 11.3% during the 2nd quarter. Long Focus Capital Management LLC now owns 3,202,982 shares of the company’s stock worth $33,279,000 after acquiring an additional 323,969 shares during the period.

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.