Herbalife (NYSE:HLF) Stock Price Down 4.6% – What’s Next?

Shares of Herbalife Ltd (NYSE:HLF – Get Free Report) dropped 4.6% on Monday. The company traded as low as $14.02 and last traded at $13.9290. Approximately 496,484 shares traded hands during trading, a decline of 68% from the average daily volume of 1,560,736 shares. The stock had previously closed at $14.60.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HLF shares. Citigroup reissued a “buy” rating and set a $17.00 price target (down from $21.00) on shares of Herbalife in a research note on Friday, August 7th. Weiss Ratings downgraded Herbalife from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 24th. UBS Group set a $21.00 price objective on shares of Herbalife in a report on Thursday, September 17th. Wall Street Zen downgraded shares of Herbalife from a “buy” rating to a “hold” rating in a research report on Sunday, September 27th. Finally, Zacks Research upgraded shares of Herbalife from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Herbalife has a consensus rating of “Moderate Buy” and an average price target of $17.67.

Read Our Latest Report on Herbalife

Herbalife Trading Down 4.7%

The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 0.48 and a beta of 0.78. The business’s 50-day simple moving average is $12.44 and its two-hundred day simple moving average is $13.01.

Herbalife (NYSE:HLF – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Herbalife had a negative return on equity of 43.90% and a net margin of 3.16%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 EPS. On average, analysts forecast that Herbalife Ltd will post 2.68 earnings per share for the current fiscal year.

Herbalife announced that its board has approved a share buyback plan on Tuesday, September 8th that permits the company to buy back $250.00 million in shares. This repurchase authorization permits the company to reacquire up to 19.3% of its stock through open market purchases. Share repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Herbalife

Hedge funds have recently bought and sold shares of the company. SummerHaven Investment Management LLC lifted its holdings in Herbalife by 3.6% in the third quarter. SummerHaven Investment Management LLC now owns 77,769 shares of the company’s stock valued at $943,000 after buying an additional 2,700 shares during the period. State of Alaska Department of Revenue boosted its position in Herbalife by 39.4% during the third quarter. State of Alaska Department of Revenue now owns 18,246 shares of the company’s stock valued at $220,000 after acquiring an additional 5,156 shares during the last quarter. Avaii Wealth Management LLC acquired a new stake in Herbalife during the 3rd quarter worth about $459,000. Echo45 Advisors LLC acquired a new stake in Herbalife during the 3rd quarter worth about $143,000. Finally, Miramontes Capital LLC acquired a new stake in Herbalife during the 2nd quarter worth about $179,000.

About Herbalife

(Get Free Report)

Herbalife Ltd. (NYSE: HLF) is a global nutrition and wellness company that develops and sells products through a network of independent distributors. Its offerings are designed to support weight management, sports performance, energy, and general well-being.

The company’s product portfolio includes meal-replacement shakes, protein products, dietary supplements, vitamins, teas, hydration products, sports nutrition products, and personal-care items. Herbalife distributes its products in more than 90 countries through direct selling, including person-to-person sales, nutrition clubs, and online channels operated by its independent distributors.

Herbalife was founded in 1980 by Mark Hughes and is headquartered in Los Angeles, California.

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