Herbalife (NYSE:HLF) Hits New 12-Month Low – Here’s Why

Herbalife Ltd. (NYSE:HLF)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $5.18 and last traded at $5.21, with a volume of 733838 shares trading hands. The stock had previously closed at $5.34.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HLF shares. DA Davidson decreased their price target on Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a report on Thursday, October 31st. 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 report 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. Mizuho upped their price objective on shares of Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Citigroup cut their target price on Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Herbalife presently has a consensus rating of “Hold” and a consensus target price of $9.90.

Herbalife Stock Down 2.5 %

The stock has a fifty day moving average of $6.55 and a 200-day moving average of $7.47. The stock has a market cap of $515.04 million, a PE ratio of 6.01, a price-to-earnings-growth ratio of 0.18 and a beta of 1.15.

Hedge Funds Weigh In On Herbalife

Large investors have recently bought and sold shares of the company. Perpetual Ltd lifted its holdings in Herbalife by 107.1% in the fourth quarter. Perpetual Ltd now owns 966,063 shares of the company’s stock valued at $6,463,000 after acquiring an additional 499,572 shares during the period. Barclays PLC lifted its stake in shares of Herbalife by 347.0% in the third quarter. Barclays PLC now owns 161,426 shares of the company’s stock valued at $1,160,000 after purchasing an additional 125,311 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Herbalife by 72.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 168,209 shares of the company’s stock worth $1,209,000 after buying an additional 70,498 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Herbalife by 6.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,479,957 shares of the company’s stock worth $17,831,000 after buying an additional 160,792 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Herbalife by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,615,514 shares of the company’s stock valued at $18,809,000 after acquiring an additional 105,431 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.