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 Wednesday . The stock traded as low as $5.95 and last traded at $5.97, with a volume of 3033895 shares trading hands. The stock had previously closed at $6.51.

Analysts Set New Price Targets

HLF has been the topic of a number of recent analyst reports. Citigroup reduced their price objective on Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. DA Davidson lowered their price target on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a report on Thursday, October 31st. Mizuho upped their price objective on Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, B. Riley cut their price target on Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $9.90.

Herbalife Trading Down 1.5 %

The company has a market cap of $572.99 million, a price-to-earnings ratio of 6.69, a P/E/G ratio of 0.22 and a beta of 1.18. The stock has a 50 day moving average price of $7.04 and a two-hundred day moving average price of $7.89.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.38. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. On average, equities analysts forecast that Herbalife Ltd. will post 1.51 EPS for the current fiscal year.

Institutional Trading of Herbalife

Institutional investors and hedge funds have recently modified their holdings of the stock. R Squared Ltd acquired a new position in Herbalife during the fourth quarter valued at approximately $63,000. Van ECK Associates Corp raised its holdings in Herbalife by 110.4% in the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company’s stock worth $70,000 after purchasing an additional 5,524 shares during the period. Carolina Wealth Advisors LLC bought a new position in shares of Herbalife during the third quarter worth $78,000. Range Financial Group LLC acquired a new position in shares of Herbalife in the 4th quarter valued at $124,000. Finally, SG Americas Securities LLC increased its position in shares of Herbalife by 83.5% in the 4th quarter. SG Americas Securities LLC now owns 18,884 shares of the company’s stock valued at $126,000 after buying an additional 8,591 shares in 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.