Herbalife (NYSE:HLF) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Herbalife (NYSE:HLF) from a hold rating to a buy rating in a research report report published on Monday morning.

Other equities analysts have also issued research reports about the company. B. Riley lowered their price target on Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Citigroup cut their price objective on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, October 25th. DA Davidson reduced their target price on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Mizuho raised their price objective on shares of Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Herbalife has an average rating of “Hold” and a consensus target price of $10.42.

Herbalife Stock Up 5.1 %

HLF opened at $8.23 on Monday. Herbalife has a 52 week low of $6.59 and a 52 week high of $15.66. The business’s 50 day moving average is $7.31 and its two-hundred day moving average is $9.30. The firm has a market cap of $829.50 million, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 0.27 and a beta of 1.17.

Herbalife (NYSE:HLF) last announced its 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 business had revenue of $1.24 billion for 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%. Equities analysts expect that Herbalife will post 1.51 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Juan Miguel Mendoza purchased 10,000 shares of Herbalife stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of $7.11 per share, for a total transaction of $71,100.00. Following the transaction, the director now owns 120,000 shares in the company, valued at approximately $853,200. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.94% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its holdings in Herbalife by 139.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 38,020 shares of the company’s stock valued at $273,000 after acquiring an additional 22,138 shares in the last quarter. Iridian Asset Management LLC CT increased its stake in shares of Herbalife by 43.7% during the 3rd quarter. Iridian Asset Management LLC CT now owns 2,228,193 shares of the company’s stock worth $16,021,000 after purchasing an additional 677,739 shares in the last quarter. Diversify Wealth Management LLC increased its stake in shares of Herbalife by 271.4% during 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 in the last quarter. Carolina Wealth Advisors LLC acquired a new position in shares of Herbalife during the 3rd quarter worth approximately $78,000. Finally, Avaii Wealth Management LLC lifted its stake in Herbalife by 12.4% in the 3rd quarter. Avaii Wealth Management LLC now owns 39,264 shares of the company’s stock valued at $282,000 after buying an additional 4,347 shares in the last quarter.

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.