Herbalife (NYSE:HLF) Price Target Lowered to $12.00 at B. Riley

Herbalife (NYSE:HLF) had its price target decreased by research analysts at B. Riley from $17.00 to $12.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price objective indicates a potential upside of 58.31% from the stock’s previous close.

A number of other research analysts have also recently issued reports on HLF. Citigroup reduced their price objective on Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. StockNews.com lowered shares of Herbalife from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, DA Davidson increased their target price on shares of Herbalife from $9.50 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Herbalife has an average rating of “Hold” and an average target price of $11.67.

Herbalife Price Performance

Shares of NYSE:HLF traded up $0.77 during trading on Thursday, hitting $7.58. 6,598,533 shares of the company were exchanged, compared to its average volume of 2,087,423. The company has a market cap of $763.44 million, a PE ratio of 9.30, a P/E/G ratio of 0.26 and a beta of 1.19. The stock has a 50 day moving average of $7.35 and a 200 day moving average of $9.30. Herbalife has a 52-week low of $6.59 and a 52-week high of $15.66.

Herbalife (NYSE:HLF) last released 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. Herbalife had a negative return on equity of 18.69% and a net margin of 1.63%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Sell-side analysts forecast that Herbalife will post 1.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other Herbalife news, Director Juan Miguel Mendoza acquired 10,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were purchased at an average cost of $7.11 per share, for a total transaction of $71,100.00. Following the completion of the purchase, the director now owns 120,000 shares in the company, valued at approximately $853,200. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in shares of Herbalife by 465.3% during the second quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock valued at $37,000 after acquiring an additional 2,908 shares during the last quarter. nVerses Capital LLC boosted its stake in Herbalife by 240.0% during the 2nd quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock worth $53,000 after purchasing an additional 3,600 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Herbalife by 22.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock worth $56,000 after purchasing an additional 1,035 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new stake in Herbalife during the 3rd quarter worth $78,000. Finally, Van ECK Associates Corp raised its holdings in shares of Herbalife by 10.3% during the 2nd quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock worth $90,000 after acquiring an additional 808 shares during the period.

About Herbalife

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.