Herbalife (NYSE:HLF) Stock Price Up 7.5% Following Analyst Upgrade

Herbalife Ltd. (NYSE:HLF)’s share price rose 7.5% on Friday after Mizuho raised their price target on the stock from $8.00 to $9.00. Mizuho currently has a neutral rating on the stock. Herbalife traded as high as $8.19 and last traded at $8.12. Approximately 1,444,437 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 2,099,374 shares. The stock had previously closed at $7.55.

Other research analysts have also issued reports about the company. DA Davidson dropped their price target on Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a research report on Thursday. B. Riley dropped their target price on Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday. Citigroup decreased their price target on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, StockNews.com lowered shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.42.

Insider Activity

In other Herbalife news, Director Juan Miguel Mendoza acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average price of $7.11 per share, with a total value of $71,100.00. Following the completion of the transaction, the director now owns 120,000 shares in the company, valued at $853,200. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Herbalife

Several hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its stake in shares of Herbalife by 5,249.2% during the 1st quarter. Russell Investments Group Ltd. now owns 138,599 shares of the company’s stock worth $1,390,000 after acquiring an additional 136,008 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in Herbalife in the 1st quarter worth approximately $1,397,000. Price T Rowe Associates Inc. MD boosted its position in Herbalife by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 82,287 shares of the company’s stock worth $827,000 after purchasing an additional 3,647 shares during the period. Baupost Group LLC MA grew its holdings in Herbalife by 128.3% during the second quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock valued at $53,244,000 after purchasing an additional 2,879,603 shares during the last quarter. Finally, Maverick Capital Ltd. raised its position in shares of Herbalife by 409.4% in the second 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.

Herbalife Stock Up 3.7 %

The stock’s 50-day moving average price is $7.31 and its 200 day moving average price is $9.29. The company has a market cap of $789.19 million, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 0.29 and a beta of 1.17.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.38. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Analysts expect that Herbalife Ltd. will post 1.34 earnings per share for the current fiscal year.

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.