Herbalife (NYSE:HLF) Hits New 1-Year Low – Here’s Why

Herbalife Ltd. (NYSE:HLF) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $6.11 and last traded at $6.12, with a volume of 543781 shares traded. The stock had previously closed at $6.46.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HLF shares. Mizuho increased their target price on Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. DA Davidson cut their target price on Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, October 31st. StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. B. Riley dropped their price objective on Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Citigroup dropped their price objective on Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.90.

Herbalife Trading Down 5.0 %

The stock has a market capitalization of $618.86 million, a PE ratio of 7.22, a price-to-earnings-growth ratio of 0.26 and a beta of 1.18. The firm has a 50-day moving average price of $7.48 and a 200-day moving average price of $8.23.

Herbalife (NYSE:HLF) last announced its earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Sell-side analysts expect that Herbalife Ltd. will post 1.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Carolina Wealth Advisors LLC bought a new stake in shares of Herbalife during the 3rd quarter valued at about $78,000. Range Financial Group LLC bought a new stake in shares of Herbalife during the 4th quarter valued at about $124,000. Prospera Financial Services Inc bought a new stake in shares of Herbalife during the 3rd quarter valued at about $154,000. DGS Capital Management LLC boosted its position in shares of Herbalife by 63.7% during the 3rd quarter. DGS Capital Management LLC now owns 24,454 shares of the company’s stock valued at $176,000 after acquiring an additional 9,513 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Herbalife during the 3rd quarter valued at about $199,000.

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.