Herbalife (NYSE:HLF) Hits New 1-Year Low – Here’s Why

Herbalife Ltd. (NYSE:HLF) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $6.11 and last traded at $6.12, with a volume of 543781 shares changing hands. The stock had previously closed at $6.46.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HLF. B. Riley dropped their price target on Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Citigroup dropped their target price on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Mizuho boosted their target price on Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. DA Davidson dropped their target price on Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.90.

Herbalife Trading Down 5.0 %

The stock has a 50 day simple moving average of $7.48 and a 200 day simple moving average of $8.23. The firm has a market capitalization of $618.86 million, a PE ratio of 7.22, a PEG ratio of 0.26 and a beta of 1.18.

Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.38. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. As a group, equities analysts anticipate that Herbalife Ltd. will post 1.51 earnings per share for the current year.

Hedge Funds Weigh In On Herbalife

Several hedge funds have recently made changes to their positions in HLF. Rhumbline Advisers increased its stake in shares of Herbalife by 1.3% during the second quarter. Rhumbline Advisers now owns 149,057 shares of the company’s stock valued at $1,549,000 after buying an additional 1,953 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Herbalife by 3.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 41,678 shares of the company’s stock valued at $433,000 after buying an additional 1,399 shares during the period. Renaissance Technologies LLC increased its stake in shares of Herbalife by 11.6% during the second quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company’s stock valued at $69,129,000 after buying an additional 692,800 shares during the period. Pekin Hardy Strauss Inc. increased its stake in shares of Herbalife by 15.1% during the second quarter. Pekin Hardy Strauss Inc. now owns 341,203 shares of the company’s stock valued at $3,545,000 after buying an additional 44,740 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Herbalife in the second quarter worth $447,000.

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.