Brokerages Set Herbalife Ltd. (NYSE:HLF) PT at $22.60

Herbalife Ltd. (NYSE:HLF – Get Rating) has been given a consensus rating of “Hold” by the six analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $22.60.

A number of equities research analysts have issued reports on the stock. Bank of America started coverage on shares of Herbalife in a research report on Friday, February 3rd. They issued an “underperform” rating and a $14.00 target price for the company. StockNews.com lowered Herbalife from a “buy” rating to a “hold” rating in a report on Saturday, May 13th. Finally, Citigroup boosted their target price on Herbalife from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, March 1st.

Herbalife Stock Down 3.1 %

Shares of Herbalife stock opened at $12.95 on Friday. Herbalife has a 12 month low of $12.04 and a 12 month high of $30.65. The stock has a market cap of $1.28 billion, a PE ratio of 5.08 and a beta of 1.13. The business has a fifty day simple moving average of $15.26 and a 200-day simple moving average of $16.24.

Herbalife (NYSE:HLF – Get Rating) last released its earnings results on Tuesday, May 2nd. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.11). The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Herbalife had a net margin of 4.93% and a negative return on equity of 22.11%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. Analysts expect that Herbalife will post 2.26 EPS for the current fiscal year.

Insider Buying and Selling at Herbalife

In other Herbalife news, Director Stephan Paulo Gratziani acquired 23,500 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were acquired at an average cost of $14.06 per share, for a total transaction of $330,410.00. Following the completion of the purchase, the director now owns 34,529 shares of the company’s stock, valued at approximately $485,477.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.66% of the company’s stock.

Hedge Funds Weigh In On Herbalife

Institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in shares of Herbalife by 9.5% during the fourth quarter. Van ECK Associates Corp now owns 7,236 shares of the company’s stock valued at $108,000 after purchasing an additional 630 shares during the period. SummerHaven Investment Management LLC increased its holdings in Herbalife by 2.1% in the 4th quarter. SummerHaven Investment Management LLC now owns 34,394 shares of the company’s stock valued at $512,000 after buying an additional 693 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Herbalife by 1.1% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 67,737 shares of the company’s stock valued at $1,348,000 after buying an additional 705 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Herbalife by 5.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,454 shares of the company’s stock worth $200,000 after acquiring an additional 737 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Herbalife by 6.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 12,308 shares of the company’s stock valued at $374,000 after acquiring an additional 747 shares in the last quarter. Institutional investors own 98.91% of the company’s stock.

About Herbalife

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Herbalife Ltd. engages in the provision of health and wellness products. It operates through the following geographical segments: North America, Latin America, EMEA, Asia Pacific, and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in Los Angeles, CA.