Herbalife (NYSE:HLF) Upgraded at StockNews.com

StockNews.com upgraded shares of Herbalife (NYSE:HLF) from a hold rating to a buy rating in a research note published on Friday.

A number of other equities analysts have also recently weighed in on HLF. Mizuho raised their price objective on Herbalife from $10.00 to $11.00 and gave the company a neutral rating in a report on Friday, June 7th. B. Riley boosted their price objective on shares of Herbalife from $16.00 to $17.00 and gave the stock a buy rating in a report on Thursday, August 1st. Finally, DA Davidson increased their target price on shares of Herbalife from $9.50 to $13.00 and gave the company a neutral rating in a report on Thursday, August 1st. One 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 company. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $12.33.

Herbalife Stock Up 1.8 %

Herbalife stock opened at $7.42 on Friday. The business has a 50-day simple moving average of $9.47 and a 200 day simple moving average of $9.72. Herbalife has a 52 week low of $6.68 and a 52 week high of $15.71. The stock has a market cap of $741.76 million, a price-to-earnings ratio of 5.42 and a beta of 1.20.

Herbalife (NYSE:HLF) last announced its earnings results on Wednesday, July 31st. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.33 billion. Herbalife had a net margin of 1.63% and a negative return on equity of 18.69%. Herbalife’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.74 earnings per share. On average, research analysts anticipate that Herbalife will post 1.34 earnings per share for the current year.

Insider Activity

In other Herbalife news, Director Juan Miguel Mendoza bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average cost of $7.11 per share, with a total value of $71,100.00. Following the completion of the purchase, the director now directly owns 120,000 shares of the company’s stock, valued at $853,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Herbalife

Several institutional investors and hedge funds have recently modified their holdings of HLF. Algert Global LLC increased its position in shares of Herbalife by 98.9% during the second quarter. Algert Global LLC now owns 20,173 shares of the company’s stock valued at $210,000 after buying an additional 10,033 shares during the period. Long Focus Capital Management LLC grew its holdings in shares of Herbalife by 11.3% during the 2nd quarter. Long Focus Capital Management LLC now owns 3,202,982 shares of the company’s stock worth $33,279,000 after acquiring an additional 323,969 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Herbalife by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,311 shares of the company’s stock worth $533,000 after acquiring an additional 1,660 shares in the last quarter. Maverick Capital Ltd. lifted its stake in shares of Herbalife by 409.4% in the 2nd quarter. Maverick Capital Ltd. now owns 127,887 shares of the company’s stock valued at $1,329,000 after purchasing an additional 102,784 shares during the period. Finally, AQR Capital Management LLC bought a new stake in shares of Herbalife during the second quarter valued at approximately $602,000.

Herbalife Company Profile

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.