Shares of Herbalife Ltd (NYSE:HLF – Get Free Report) were up 5.2% on Tuesday . The company traded as high as $11.72 and last traded at $11.5610. Approximately 288,357 shares were traded during mid-day trading, a decline of 82% from the average session volume of 1,564,411 shares. The stock had previously closed at $10.99.
Analysts Set New Price Targets
Several research firms recently weighed in on HLF. Citigroup restated a “buy” rating and set a $17.00 price target (down from $21.00) on shares of Herbalife in a research report on Friday, August 7th. Weiss Ratings downgraded shares of Herbalife from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 24th. Finally, Wall Street Zen cut shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.00.
Check Out Our Latest Analysis on HLF
Herbalife Trading Up 5.9%
Herbalife (NYSE:HLF – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.03). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Herbalife had a negative return on equity of 43.90% and a net margin of 3.16%.The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. As a group, analysts anticipate that Herbalife Ltd will post 2.68 EPS for the current year.
Hedge Funds Weigh In On Herbalife
Hedge funds and other institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of Herbalife by 11.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,596,795 shares of the company’s stock valued at $38,225,000 after purchasing an additional 267,539 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Herbalife by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 2,577,634 shares of the company’s stock worth $33,231,000 after acquiring an additional 25,783 shares during the last quarter. Quantedge Capital Pte Ltd grew its position in Herbalife by 5.2% during the 4th quarter. Quantedge Capital Pte Ltd now owns 2,249,683 shares of the company’s stock worth $28,998,000 after purchasing an additional 111,700 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Herbalife by 29.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,877,717 shares of the company’s stock valued at $27,638,000 after buying an additional 425,968 shares during the last quarter. Finally, Solel Partners LP increased its holdings in shares of Herbalife by 18.7% in the second quarter. Solel Partners LP now owns 1,669,405 shares of the company’s stock valued at $14,390,000 after purchasing an additional 262,614 shares during the period.
About Herbalife
Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.
Founded in 1980 by Mark R.
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