Herbalife (NYSE:HLF) Price Target Lowered to $13.00 at Citigroup

by · The Markets Daily

Herbalife (NYSE:HLF – Free Report) had its price target decreased by Citigroup from $16.00 to $13.00 in a report released on Friday, Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on the company. StockNews.com lowered Herbalife from a “buy” rating to a “hold” rating in a research report on Tuesday. DA Davidson boosted their price objective on shares of Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, B. Riley raised their target price on shares of Herbalife from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Herbalife currently has an average rating of “Hold” and a consensus price target of $12.50.

Get Our Latest Stock Analysis on HLF

Herbalife Price Performance

Shares of HLF stock opened at $6.73 on Friday. The company’s fifty day simple moving average is $7.43 and its two-hundred day simple moving average is $9.33. The stock has a market capitalization of $677.85 million, a price-to-earnings ratio of 8.20, a PEG ratio of 0.26 and a beta of 1.19. Herbalife has a 1 year low of $6.59 and a 1 year high of $15.66.

Herbalife (NYSE:HLF – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. Herbalife had a net margin of 1.63% and a negative return on equity of 18.69%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the business earned $0.74 EPS. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts anticipate that Herbalife will post 1.34 EPS for the current year.

Insiders Place Their Bets

In other news, Director Juan Miguel Mendoza purchased 10,000 shares of the company’s stock in a transaction on Monday, September 9th. The stock was acquired at an average cost of $7.11 per share, for a total transaction of $71,100.00. Following the completion of the transaction, the director now directly owns 120,000 shares in the company, valued at $853,200. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Iridian Asset Management LLC CT lifted its position in shares of Herbalife by 43.7% in the third quarter. Iridian Asset Management LLC CT now owns 2,228,193 shares of the company’s stock valued at $16,021,000 after acquiring an additional 677,739 shares in the last quarter. Diversify Wealth Management LLC lifted its holdings in Herbalife by 271.4% in the 3rd quarter. Diversify Wealth Management LLC now owns 159,499 shares of the company’s stock worth $1,113,000 after purchasing an additional 116,548 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in Herbalife in the 3rd quarter worth approximately $78,000. Avaii Wealth Management LLC grew its holdings in Herbalife by 12.4% during the 3rd quarter. Avaii Wealth Management LLC now owns 39,264 shares of the company’s stock valued at $282,000 after buying an additional 4,347 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of Herbalife by 42.9% during the third quarter. Exchange Traded Concepts LLC now owns 43,154 shares of the company’s stock valued at $310,000 after buying an additional 12,961 shares during the last quarter.

Herbalife Company Profile

(Get Free Report)

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.

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