Herbalife’s (HLF) “Neutral” Rating Reaffirmed at DA Davidson

DA Davidson reiterated their neutral rating on shares of Herbalife (NYSE:HLF) in a research report report published on Thursday,Benzinga reports. The firm currently has a $7.50 target price on the stock.

Other research analysts have also issued research reports about the company. Mizuho increased their price target on Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. B. Riley cut their price objective on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Citigroup cut their price target on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.90.

Herbalife Stock Up 43.4 %

HLF opened at $8.06 on Thursday. The firm has a market cap of $812.37 million, a P/E ratio of 3.24, a PEG ratio of 0.20 and a beta of 1.15. The business’s fifty day simple moving average is $6.27 and its 200 day simple moving average is $7.24. Herbalife has a 52 week low of $5.04 and a 52 week high of $12.79.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.28. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 19.71%. As a group, equities analysts expect that Herbalife will post 1.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Herbalife

Several institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp acquired a new position in shares of Herbalife during the 4th quarter valued at $960,000. Public Employees Retirement System of Ohio raised its position in Herbalife by 341.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 149,476 shares of the company’s stock valued at $1,000,000 after purchasing an additional 115,578 shares during the period. PharVision Advisers LLC acquired a new position in shares of Herbalife during the fourth quarter worth about $720,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Herbalife by 21.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,157 shares of the company’s stock worth $1,366,000 after buying an additional 35,948 shares during the period. Finally, Two Sigma Advisers LP grew its stake in shares of Herbalife by 1,583.5% in the fourth quarter. Two Sigma Advisers LP now owns 173,400 shares of the company’s stock valued at $1,160,000 after buying an additional 163,100 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.