Herbalife (NYSE:HLF) Shares Down 4.3% – What’s Next?

Herbalife Ltd. (NYSE:HLF)’s stock price dropped 4.3% during mid-day trading on Wednesday . The stock traded as low as $7.84 and last traded at $7.84. Approximately 285,230 shares traded hands during trading, a decline of 87% from the average daily volume of 2,190,257 shares. The stock had previously closed at $8.19.

Analyst Upgrades and Downgrades

Separately, DA Davidson reissued a “neutral” rating and issued a $7.50 price objective on shares of Herbalife in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Herbalife currently has a consensus rating of “Hold” and an average target price of $9.90.

Herbalife Trading Down 4.9 %

The business has a 50-day moving average price of $6.88 and a 200 day moving average price of $7.21. The stock has a market cap of $789.14 million, a PE ratio of 3.13, a PEG ratio of 0.29 and a beta of 1.03.

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

Insider Buying and Selling

In related news, Director Juan Miguel Mendoza acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $8.25 per share, with a total value of $41,250.00. Following the acquisition, the director now owns 132,500 shares of the company’s stock, valued at approximately $1,093,125. This trade represents a 3.92 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.94% of the stock is currently owned by insiders.

Institutional Trading of Herbalife

Institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its holdings in Herbalife by 641.5% during the 4th quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company’s stock worth $29,000 after purchasing an additional 3,714 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Herbalife in the 4th quarter valued at about $63,000. Van ECK Associates Corp raised its holdings in shares of Herbalife by 110.4% in the 4th quarter. Van ECK Associates Corp now owns 10,526 shares of the company’s stock valued at $70,000 after acquiring an additional 5,524 shares in the last quarter. Bridgefront Capital LLC purchased a new stake in shares of Herbalife in the 4th quarter valued at about $71,000. Finally, Headlands Technologies LLC raised its holdings in shares of Herbalife by 12,307.6% in the 4th quarter. Headlands Technologies LLC now owns 11,415 shares of the company’s stock valued at $76,000 after acquiring 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.