Zacks Investment Research cut shares of Herbalife Ltd. (NYSE:HLF) from a buy rating to a hold rating in a research note released on Wednesday morning.

According to Zacks, “Herbalife is a global network marketing company offering a range of science-based weight management products, nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle. “

Other research analysts also recently issued research reports about the company. Pivotal Research reiterated a buy rating and set a $90.00 price target on shares of Herbalife in a report on Sunday, July 17th. TheStreet raised Herbalife to a buy rating in a research report on Thursday, May 26th. Finally, SunTrust Banks Inc. reissued a neutral rating and set a $66.00 price objective on shares of Herbalife in a research report on Friday, August 5th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Herbalife presently has an average rating of Hold and a consensus price target of $68.72.

Shares of Herbalife (NYSE:HLF) opened at 60.93 on Wednesday. The stock has a market cap of $5.66 billion, a PE ratio of 20.88 and a beta of 1.72. The stock’s 50 day moving average price is $63.17 and its 200 day moving average price is $61.23. Herbalife has a 1-year low of $42.26 and a 1-year high of $72.22.

Herbalife (NYSE:HLF) last issued its earnings results on Wednesday, August 3rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.08. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Herbalife had a negative return on equity of 2,099.28% and a net margin of 5.55%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 EPS. On average, equities research analysts anticipate that Herbalife will post $1.31 EPS for the current fiscal year.

In other news, insider Shin-Shing Bosco Chiu sold 2,000 shares of the stock in a transaction on Friday, July 15th. The stock was sold at an average price of $68.00, for a total value of $136,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Ibelis Fleming sold 9,729 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $64.86, for a total value of $631,022.94. The disclosure for this sale can be found here. Corporate insiders own 4.91% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP increased its position in Herbalife by 31.7% in the second quarter. GSA Capital Partners LLP now owns 56,821 shares of the company’s stock worth $3,326,000 after buying an additional 13,679 shares during the period. M&T Bank Corp bought a new position in Herbalife during the first quarter worth $340,000. BlackRock Group LTD increased its position in Herbalife by 3.2% in the first quarter. BlackRock Group LTD now owns 294,521 shares of the company’s stock worth $18,131,000 after buying an additional 9,010 shares during the period. BlackRock Inc. increased its position in Herbalife by 90.0% in the first quarter. BlackRock Inc. now owns 10,017 shares of the company’s stock worth $617,000 after buying an additional 4,745 shares during the period. Finally, Algert Global LLC increased its position in Herbalife by 44.3% in the first quarter. Algert Global LLC now owns 14,261 shares of the company’s stock worth $878,000 after buying an additional 4,381 shares during the period.

Herbalife Company Profile

Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. The Company’s segments include North America; Mexico; South & Central America; Europe, Middle East, and Africa (EMEA); Asia Pacific, and China.

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