Herbalife (NYSE:HLF) Earns Neutral Rating from DA Davidson

Herbalife (NYSE:HLF)‘s stock had its “neutral” rating reaffirmed by investment analysts at DA Davidson in a research note issued on Thursday,Benzinga reports. They currently have a $7.50 price objective on the stock. DA Davidson’s target price would indicate a potential downside of 6.95% from the company’s previous close.

Other research analysts have also recently issued reports about the company. B. Riley reduced their price target on Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Citigroup reduced their price target on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Mizuho lifted their price target on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. One 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.90.

Herbalife Stock Up 43.4 %

Shares of NYSE:HLF traded up $2.44 during trading on Thursday, hitting $8.06. The stock had a trading volume of 23,874,540 shares, compared to its average volume of 2,757,847. Herbalife has a 12-month low of $5.04 and a 12-month high of $12.79. The stock has a market capitalization of $812.37 million, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 0.21 and a beta of 1.15. The stock has a 50-day simple moving average of $6.26 and a two-hundred day simple moving average of $7.23.

Herbalife (NYSE:HLF) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.28. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion.

Institutional Trading of Herbalife

A number of institutional investors and hedge funds have recently made changes to their positions in HLF. Quadrant Capital Group LLC increased its position in shares of Herbalife by 641.5% in the fourth quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company’s stock valued at $29,000 after buying an additional 3,714 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Herbalife in the fourth quarter valued at approximately $63,000. Van ECK Associates Corp increased its position in shares of Herbalife by 110.4% in the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company’s stock valued at $70,000 after buying an additional 5,524 shares in the last quarter. Bridgefront Capital LLC purchased a new stake in shares of Herbalife in the fourth quarter valued at approximately $71,000. Finally, Headlands Technologies LLC increased its position in shares of Herbalife by 12,307.6% in the fourth quarter. Headlands Technologies LLC now owns 11,415 shares of the company’s stock valued at $76,000 after buying an additional 11,323 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.