Herbalife (NYSE:HLF) Shares Down 6.3% – What’s Next?

Herbalife Ltd. (NYSE:HLF) was down 6.3% during mid-day trading on Tuesday . The stock traded as low as $6.32 and last traded at $6.10. Approximately 72,211 shares were traded during trading, a decline of 96% from the average daily volume of 1,611,923 shares. The stock had previously closed at $6.51.

Analysts Set New Price Targets

A number of brokerages have weighed in on HLF. Citigroup reduced their target price on Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Mizuho raised their price objective on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. B. Riley lowered their target price on 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 report on Monday, November 4th. Finally, 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. One equities 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. Based on data from MarketBeat, Herbalife currently has a consensus rating of “Hold” and a consensus price target of $9.90.

Herbalife Price Performance

The firm has a market cap of $615.32 million, a price-to-earnings ratio of 7.18, a price-to-earnings-growth ratio of 0.22 and a beta of 1.18. The firm’s fifty day moving average is $7.16 and its 200-day moving average is $7.97.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HLF. R Squared Ltd bought a new stake in Herbalife during the 4th quarter worth approximately $63,000. Carolina Wealth Advisors LLC purchased a new position in shares of Herbalife during the third quarter valued at approximately $78,000. Range Financial Group LLC bought a new stake in Herbalife during the fourth quarter worth $124,000. SG Americas Securities LLC raised its position in 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 during the last quarter. Finally, Prospera Financial Services Inc bought a new position in Herbalife during the 3rd quarter valued at $154,000.

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.