Herbalife (NYSE:HLF) Reaches New 12-Month Low – Here’s What Happened

Herbalife Ltd. (NYSE:HLF)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $5.95 and last traded at $5.97, with a volume of 3033895 shares changing hands. The stock had previously closed at $6.51.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Citigroup decreased their price objective on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, October 25th. Mizuho raised their price target on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. DA Davidson lowered their price objective on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, October 31st. B. Riley reduced their target price on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.90.

Herbalife Stock Performance

The firm has a fifty day moving average price of $7.04 and a 200 day moving average price of $7.89. The company has a market cap of $572.99 million, a price-to-earnings ratio of 6.69, a P/E/G ratio of 0.22 and a beta of 1.18.

Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.38. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. On average, analysts expect that Herbalife Ltd. will post 1.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Herbalife

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Perpetual Ltd lifted its position in shares of Herbalife by 107.1% in the fourth quarter. Perpetual Ltd now owns 966,063 shares of the company’s stock valued at $6,463,000 after buying an additional 499,572 shares during the last quarter. Barclays PLC lifted its holdings in Herbalife by 347.0% during the 3rd quarter. Barclays PLC now owns 161,426 shares of the company’s stock valued at $1,160,000 after purchasing an additional 125,311 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Herbalife by 72.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 168,209 shares of the company’s stock worth $1,209,000 after purchasing an additional 70,498 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Herbalife by 6.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,479,957 shares of the company’s stock valued at $17,831,000 after purchasing an additional 160,792 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Herbalife by 4.2% in the third quarter. Geode Capital Management LLC now owns 2,615,514 shares of the company’s stock valued at $18,809,000 after purchasing an additional 105,431 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.