Brokerages Set Herbalife Ltd. (NYSE:HLF) PT at $9.90

Herbalife Ltd. (NYSE:HLF) has earned an average rating of “Moderate Buy” from the four analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $12.00.

Several research analysts have recently weighed in on HLF shares. DA Davidson raised shares of Herbalife from a “neutral” rating to a “buy” rating and boosted their price target for the company from $7.50 to $14.00 in a research report on Friday. StockNews.com raised shares of Herbalife from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Herbalife Stock Up 5.3 %

Shares of HLF opened at $8.42 on Monday. The firm’s fifty day moving average is $6.97 and its two-hundred day moving average is $7.21. The stock has a market cap of $852.89 million, a PE ratio of 3.38, a price-to-earnings-growth ratio of 0.29 and a beta of 1.03. Herbalife has a 52-week low of $5.04 and a 52-week high of $12.79.

Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.28. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. As a group, research analysts anticipate that Herbalife will post 1.57 earnings per share for the current year.

Insider Activity at Herbalife

In related news, Director Juan Miguel Mendoza acquired 5,000 shares of Herbalife stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $8.25 per share, for a total transaction of $41,250.00. Following the acquisition, the director now owns 132,500 shares in the company, valued at approximately $1,093,125. This represents a 3.92 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.73% of the stock is owned by insiders.

Institutional Trading of Herbalife

Institutional investors and hedge funds have recently bought and sold shares of the stock. Perpetual Ltd increased its stake in Herbalife by 107.1% during the fourth quarter. Perpetual Ltd now owns 966,063 shares of the company’s stock worth $6,463,000 after purchasing an additional 499,572 shares during the period. Johnson Financial Group LLC purchased a new stake in Herbalife during the fourth quarter worth about $221,000. US Bancorp DE purchased a new stake in Herbalife during the fourth quarter worth about $322,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Herbalife by 10.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 610,953 shares of the company’s stock worth $4,087,000 after purchasing an additional 60,158 shares during the period. Finally, Barclays PLC increased its stake in Herbalife by 347.0% during the third quarter. Barclays PLC now owns 161,426 shares of the company’s stock worth $1,160,000 after purchasing an additional 125,311 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.