Herbalife (NYSE:HLF) Rating Lowered to Buy at Wall Street Zen

Herbalife (NYSE:HLF) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

Other equities analysts have also recently issued reports about the stock. Mizuho raised their price target on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Citigroup decreased their target price on shares of Herbalife from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.50.

Herbalife Stock Up 0.3%

Shares of HLF opened at $8.93 on Friday. The stock has a market capitalization of $920.36 million, a P/E ratio of 2.82, a P/E/G ratio of 0.27 and a beta of 0.85. Herbalife has a twelve month low of $5.04 and a twelve month high of $10.83. The company has a 50 day moving average of $8.96 and a 200-day moving average of $7.81.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Herbalife had a net margin of 6.59% and a negative return on equity of 27.36%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. On average, sell-side analysts anticipate that Herbalife will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Herbalife

In other news, Director Juan Miguel Mendoza bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average cost of $6.75 per share, with a total value of $33,750.00. Following the completion of the purchase, the director owned 166,857 shares of the company’s stock, valued at $1,126,284.75. This represents a 3.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.73% of the company’s stock.

Hedge Funds Weigh In On Herbalife

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. boosted its position in Herbalife by 3.1% during the second quarter. Harbor Capital Advisors Inc. now owns 50,300 shares of the company’s stock worth $434,000 after purchasing an additional 1,524 shares during the period. Avaii Wealth Management LLC boosted its position in Herbalife by 2.7% during the second quarter. Avaii Wealth Management LLC now owns 62,480 shares of the company’s stock worth $539,000 after purchasing an additional 1,644 shares during the period. SummerHaven Investment Management LLC boosted its position in Herbalife by 2.7% during the second quarter. SummerHaven Investment Management LLC now owns 82,537 shares of the company’s stock worth $711,000 after purchasing an additional 2,135 shares during the period. Savant Capital LLC boosted its position in Herbalife by 14.5% during the second quarter. Savant Capital LLC now owns 17,385 shares of the company’s stock worth $150,000 after purchasing an additional 2,204 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Herbalife by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,441 shares of the company’s stock worth $384,000 after purchasing an additional 2,516 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.