DA Davidson Reaffirms Neutral Rating for Herbalife (NYSE:HLF)

DA Davidson reissued their neutral rating on shares of Herbalife (NYSE:HLF) in a report published on Thursday morning,Benzinga reports. They currently have a $7.50 price objective on the stock.

Several other research firms have also commented on HLF. Citigroup reduced their price target on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, October 25th. B. Riley reduced their price objective on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Mizuho boosted their price objective on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.90.

Herbalife Stock Performance

NYSE:HLF opened at $8.27 on Thursday. Herbalife has a one year low of $5.04 and a one year high of $12.79. The firm has a market cap of $836.72 million, a P/E ratio of 3.32, a P/E/G ratio of 0.29 and a beta of 1.15. The firm has a 50-day simple moving average of $6.29 and a 200-day simple moving average of $7.21.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.08 by $0.28. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, research analysts predict that Herbalife will post 1.57 EPS for the current fiscal year.

Institutional Trading of Herbalife

Several large investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC grew its position in Herbalife by 3.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 44,790 shares of the company’s stock worth $300,000 after purchasing an additional 1,636 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Herbalife by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,441 shares of the company’s stock worth $384,000 after purchasing an additional 2,516 shares during the last quarter. Swiss National Bank grew its position in Herbalife by 1.6% during the 4th quarter. Swiss National Bank now owns 198,172 shares of the company’s stock worth $1,326,000 after purchasing an additional 3,100 shares during the last quarter. Cinctive Capital Management LP grew its position in Herbalife by 3.6% during the 3rd quarter. Cinctive Capital Management LP now owns 92,138 shares of the company’s stock worth $662,000 after purchasing an additional 3,170 shares during the last quarter. Finally, Inspire Investing LLC grew its position in Herbalife by 6.1% during the 4th quarter. Inspire Investing LLC now owns 59,879 shares of the company’s stock worth $401,000 after purchasing an additional 3,458 shares during the last quarter.

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.