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

Herbalife (NYSE:HLF) had its price target reduced by investment analysts at Citigroup from $16.00 to $13.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 93.16% from the company’s previous close.

HLF has been the subject of a number of other research reports. DA Davidson increased their price objective on shares of Herbalife from $9.50 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. StockNews.com cut shares of Herbalife from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, B. Riley raised their price target on shares of Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Herbalife has a consensus rating of “Hold” and a consensus price target of $12.50.

Herbalife Stock Down 2.6 %

Shares of HLF stock traded down $0.18 during mid-day trading on Friday, hitting $6.73. 1,045,928 shares of the stock were exchanged, compared to its average volume of 2,060,436. The firm has a fifty day moving average of $7.46 and a 200 day moving average of $9.34. Herbalife has a 52-week low of $6.59 and a 52-week high of $15.66. The company has a market cap of $672.78 million, a PE ratio of 4.91, a price-to-earnings-growth ratio of 0.27 and a beta of 1.19.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. The company had revenue of $1.28 billion during 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 quarter in the prior year, the firm earned $0.74 EPS. Equities analysts predict that Herbalife will post 1.34 EPS for the current year.

Insider Transactions at Herbalife

In related news, Director Juan Miguel Mendoza purchased 10,000 shares of the business’s stock in a transaction that occurred on 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 purchase, the director now directly owns 120,000 shares of the company’s stock, valued at $853,200. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Herbalife

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Carolina Wealth Advisors LLC acquired a new stake in Herbalife during the 3rd quarter worth $78,000. Avaii Wealth Management LLC increased its stake in Herbalife by 12.4% in the third quarter. Avaii Wealth Management LLC now owns 39,264 shares of the company’s stock valued at $282,000 after purchasing an additional 4,347 shares during the period. Exchange Traded Concepts LLC increased its stake in Herbalife by 42.9% in the third quarter. Exchange Traded Concepts LLC now owns 43,154 shares of the company’s stock valued at $310,000 after purchasing an additional 12,961 shares during the period. Inspire Investing LLC increased its stake in Herbalife by 66.6% in the third quarter. Inspire Investing LLC now owns 56,421 shares of the company’s stock valued at $406,000 after purchasing an additional 22,558 shares during the period. Finally, Perpetual Ltd increased its stake in Herbalife by 21.4% in the third quarter. Perpetual Ltd now owns 466,491 shares of the company’s stock valued at $3,354,000 after purchasing an additional 82,231 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.