Analysts Set Herbalife Ltd. (NYSE:HLF) Target Price at $10.50

Shares of Herbalife Ltd. (NYSE:HLF) have received an average rating of “Reduce” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $10.50.

Several research firms recently issued reports on HLF. Bank of America decreased their target price on Herbalife from $10.00 to $8.00 and set an “underperform” rating on the stock in a research note on Thursday, March 21st. Mizuho reduced their price target on Herbalife from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. DA Davidson reaffirmed a “neutral” rating and issued a $9.50 price target on shares of Herbalife in a research report on Thursday, May 2nd. Finally, StockNews.com lowered Herbalife from a “buy” rating to a “hold” rating in a research report on Friday, May 17th.

Herbalife Trading Down 1.0 %

HLF opened at $10.75 on Monday. The stock’s 50-day moving average price is $9.40 and its 200 day moving average price is $11.19. Herbalife has a 12-month low of $6.68 and a 12-month high of $19.48. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 7.85 and a beta of 1.24.

Herbalife (NYSE:HLF) last posted its earnings results on Wednesday, May 1st. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.12. Herbalife had a negative return on equity of 19.97% and a net margin of 2.70%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the company earned $0.54 EPS. Herbalife’s revenue was up 3.8% on a year-over-year basis. On average, research analysts forecast that Herbalife will post 1.48 earnings per share for the current year.

Insider Transactions at Herbalife

In other Herbalife news, Director Rodica Macadrai bought 5,175 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were acquired at an average price of $9.31 per share, with a total value of $48,179.25. Following the transaction, the director now owns 12,716 shares of the company’s stock, valued at $118,385.96. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other Herbalife news, Director Rodica Macadrai bought 5,175 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were acquired at an average price of $9.31 per share, with a total value of $48,179.25. Following the transaction, the director now owns 12,716 shares of the company’s stock, valued at $118,385.96. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Juan Miguel Mendoza bought 2,500 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $10.17 per share, for a total transaction of $25,425.00. Following the transaction, the director now directly owns 80,779 shares in the company, valued at approximately $821,522.43. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 66,532 shares of company stock valued at $643,642. Corporate insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HLF. Principal Financial Group Inc. grew its stake in Herbalife by 44.0% during the 3rd quarter. Principal Financial Group Inc. now owns 53,296 shares of the company’s stock worth $746,000 after buying an additional 16,275 shares during the last quarter. Bronte Capital Management Pty Ltd. grew its stake in Herbalife by 3.5% during the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 3,121,467 shares of the company’s stock worth $43,669,000 after buying an additional 104,567 shares during the last quarter. Jump Financial LLC grew its stake in Herbalife by 230.8% during the 3rd quarter. Jump Financial LLC now owns 67,623 shares of the company’s stock worth $946,000 after buying an additional 47,182 shares during the last quarter. Swiss National Bank grew its stake in Herbalife by 1.2% during the 3rd quarter. Swiss National Bank now owns 217,472 shares of the company’s stock worth $3,042,000 after buying an additional 2,500 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Herbalife by 9.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,507 shares of the company’s stock valued at $24,378,000 after purchasing an additional 147,003 shares during the last quarter.

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.