Herbalife (NYSE:HLF) Price Target Lowered to $12.00 at B. Riley

Herbalife (NYSE:HLF) had its price target cut by B. Riley from $17.00 to $12.00 in a research report released on Thursday, Benzinga reports. They currently have a buy rating on the stock. B. Riley also issued estimates for Herbalife’s FY2025 earnings at $1.83 EPS.

Other equities research analysts have also recently issued reports about the stock. DA Davidson increased their price objective on shares of Herbalife from $9.50 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Citigroup decreased their price target on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, StockNews.com downgraded Herbalife from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.75.

Herbalife Stock Up 8.3 %

HLF traded up $0.63 during midday trading on Thursday, hitting $8.18. 1,643,941 shares of the company were exchanged, compared to its average volume of 2,100,315. The firm has a market capitalization of $823.89 million, a P/E ratio of 9.42, a P/E/G ratio of 0.26 and a beta of 1.19. The firm’s 50 day moving average price is $7.33 and its 200-day moving average price is $9.29. Herbalife has a 1-year low of $6.59 and a 1-year high of $15.66.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.38. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a negative return on equity of 18.25% and a net margin of 1.73%. On average, sell-side analysts predict that Herbalife will post 1.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Herbalife

In related news, Director Juan Miguel Mendoza acquired 10,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were bought at an average price of $7.11 per share, with a total value of $71,100.00. Following the transaction, the director now directly owns 120,000 shares of the company’s stock, valued at $853,200. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HLF. Russell Investments Group Ltd. boosted its holdings in Herbalife by 5,249.2% during the 1st quarter. Russell Investments Group Ltd. now owns 138,599 shares of the company’s stock worth $1,390,000 after acquiring an additional 136,008 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in Herbalife during the first quarter worth $1,397,000. Price T Rowe Associates Inc. MD boosted its position in Herbalife by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 82,287 shares of the company’s stock worth $827,000 after purchasing an additional 3,647 shares during the last quarter. Baupost Group LLC MA increased its position in shares of Herbalife by 128.3% during the 2nd quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock valued at $53,244,000 after purchasing an additional 2,879,603 shares during the last quarter. Finally, Maverick Capital Ltd. boosted its holdings in shares of Herbalife by 409.4% in the 2nd quarter. Maverick Capital Ltd. now owns 127,887 shares of the company’s stock worth $1,329,000 after buying an additional 102,784 shares during 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.