Herbalife (NYSE:HLF) Trading Down 3.9% – Here’s Why

Herbalife Ltd. (NYSE:HLF)’s share price traded down 3.9% during mid-day trading on Tuesday . The stock traded as low as $7.36 and last traded at $7.40. 130,393 shares were traded during trading, a decline of 94% from the average session volume of 2,234,802 shares. The stock had previously closed at $7.70.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Citigroup dropped their target price on shares of Herbalife from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. DA Davidson raised shares of Herbalife from a “neutral” rating to a “buy” rating and increased their price target for the company from $7.50 to $14.00 in a research report on Friday, March 21st. Finally, Wall Street Zen raised shares of Herbalife from a “hold” rating to a “buy” rating in a research report on Friday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.50.

Herbalife Trading Up 0.6%

The stock has a market capitalization of $789.31 million, a PE ratio of 3.11, a price-to-earnings-growth ratio of 0.29 and a beta of 0.88. The company’s 50-day moving average is $7.20 and its 200 day moving average is $7.18.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.19. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the firm posted $0.49 EPS. Herbalife’s revenue for the quarter was down 3.4% compared to the same quarter last year. Sell-side analysts forecast that Herbalife Ltd. will post 1.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other Herbalife news, Director Juan Miguel Mendoza purchased 5,000 shares of Herbalife stock in a transaction on Thursday, May 22nd. The stock was bought at an average cost of $6.75 per share, with a total value of $33,750.00. Following the transaction, the director now owns 166,857 shares of the company’s stock, valued at $1,126,284.75. This represents a 3.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Herbalife

A number of institutional investors have recently bought and sold shares of HLF. Quadrant Capital Group LLC grew its stake in shares of Herbalife by 641.5% during the 4th quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company’s stock worth $29,000 after purchasing an additional 3,714 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Herbalife by 4,406.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,912 shares of the company’s stock worth $42,000 after purchasing an additional 4,803 shares during the period. CWM LLC grew its stake in shares of Herbalife by 199.7% during the 1st quarter. CWM LLC now owns 7,969 shares of the company’s stock worth $69,000 after purchasing an additional 5,310 shares during the period. Van ECK Associates Corp grew its stake in shares of Herbalife by 110.4% during the 4th 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. Finally, Bridgefront Capital LLC acquired a new stake in shares of Herbalife during the 4th quarter worth approximately $71,000.

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.