Herbalife (NYSE:HLF) Shares Up 6.2% – What’s Next?

Shares of Herbalife Ltd. (NYSE:HLF) shot up 6.2% during trading on Monday . The company traded as high as $8.70 and last traded at $8.83. 1,137,975 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 2,797,262 shares. The stock had previously closed at $8.31.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HLF shares. DA Davidson reaffirmed a “neutral” rating and set a $7.50 price target on shares of Herbalife in a research report on Thursday, February 20th. B. Riley decreased their target price on Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Mizuho raised their target price on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9.90.

Herbalife Stock Up 3.8 %

The firm has a 50 day moving average price of $6.34 and a two-hundred day moving average price of $7.19. The company has a market capitalization of $870.80 million, a price-to-earnings ratio of 3.46, a P/E/G ratio of 0.29 and a beta of 1.15.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Diversify Wealth Management LLC grew its stake in shares of Herbalife by 271.4% in the 3rd quarter. Diversify Wealth Management LLC now owns 159,499 shares of the company’s stock worth $1,113,000 after purchasing an additional 116,548 shares during the last quarter. Iridian Asset Management LLC CT increased its stake in shares of Herbalife by 43.7% in the third quarter. Iridian Asset Management LLC CT now owns 2,228,193 shares of the company’s stock worth $16,021,000 after acquiring an additional 677,739 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Herbalife by 139.4% in the third quarter. Harbor Capital Advisors Inc. now owns 38,020 shares of the company’s stock worth $273,000 after acquiring an additional 22,138 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in shares of Herbalife during the third quarter worth $154,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Herbalife by 31.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 550,795 shares of the company’s stock valued at $3,960,000 after purchasing an additional 130,818 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.