B. Riley Has Lowered Expectations for Herbalife (NYSE:HLF) Stock Price

Herbalife (NYSE:HLF) had its target price decreased by stock analysts at B. Riley from $17.00 to $12.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s target price suggests a potential upside of 52.67% from the stock’s previous close. B. Riley also issued estimates for Herbalife’s FY2025 earnings at $1.83 EPS.

HLF has been the subject of several other reports. Citigroup cut their price objective on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, October 25th. DA Davidson boosted their price objective on Herbalife from $9.50 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, StockNews.com lowered Herbalife from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Herbalife has an average rating of “Hold” and an average target price of $10.42.

Herbalife Trading Up 4.1 %

NYSE HLF opened at $7.86 on Thursday. The stock has a market capitalization of $791.66 million, a price-to-earnings ratio of 9.25, a PEG ratio of 0.26 and a beta of 1.19. Herbalife has a twelve month low of $6.59 and a twelve month high of $15.66. The stock has a 50-day moving average of $7.33 and a 200 day moving average of $9.29.

Herbalife (NYSE:HLF) last released 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 negative return on equity of 18.25% and a net margin of 1.73%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Equities analysts predict that Herbalife will post 1.34 EPS for the current fiscal year.

Insider Activity

In other Herbalife news, Director Juan Miguel Mendoza acquired 10,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was bought at an average cost of $7.11 per share, for a total transaction of $71,100.00. Following the completion of the transaction, the director now owns 120,000 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this link. Company insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in Herbalife by 10.3% during the second quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock worth $90,000 after purchasing an additional 808 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in 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 buying an additional 1,035 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Herbalife by 3.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 41,678 shares of the company’s stock worth $433,000 after buying an additional 1,399 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Herbalife by 8.6% in the first quarter. ProShare Advisors LLC now owns 17,767 shares of the company’s stock valued at $179,000 after purchasing an additional 1,400 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its stake in Herbalife by 2.6% in the second quarter. SummerHaven Investment Management LLC now owns 58,409 shares of the company’s stock valued at $607,000 after purchasing an additional 1,465 shares during the last quarter.

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.