Herbalife (NYSE:HLF) Shares Down 3.7%

Shares of Herbalife Ltd. (NYSE:HLF) traded down 3.7% during trading on Monday . The stock traded as low as $7.15 and last traded at $7.25. 695,793 shares were traded during trading, a decline of 67% from the average session volume of 2,132,474 shares. The stock had previously closed at $7.53.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HLF shares. Mizuho raised their target price on shares of Herbalife from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. StockNews.com downgraded Herbalife from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. DA Davidson boosted their price objective on Herbalife from $9.50 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, B. Riley increased their target price on Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Herbalife has a consensus rating of “Hold” and an average target price of $12.33.

Herbalife Stock Performance

The company has a market cap of $720.77 million, a P/E ratio of 5.11 and a beta of 1.21. The stock has a 50-day simple moving average of $9.71 and a 200 day simple moving average of $9.75.

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

Insider Activity

In related news, Director Juan Miguel Mendoza acquired 10,000 shares of the stock in a transaction dated Monday, August 26th. The shares were bought at an average cost of $8.72 per share, for a total transaction of $87,200.00. Following the purchase, the director now owns 110,000 shares in the company, valued at approximately $959,200. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in Herbalife by 465.3% during the 2nd quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock worth $37,000 after acquiring an additional 2,908 shares during the last quarter. nVerses Capital LLC lifted its position in shares of Herbalife by 240.0% during the second quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock worth $53,000 after purchasing an additional 3,600 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Herbalife by 22.9% during the first quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock valued at $56,000 after purchasing an additional 1,035 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Herbalife by 10.3% in the second quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock valued at $90,000 after purchasing an additional 808 shares in the last quarter. Finally, Foundry Partners LLC bought a new position in Herbalife in the 1st quarter worth 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.