Herbalife (NYSE:HLF) Hits New 52-Week Low – What’s Next?

Herbalife Ltd. (NYSE:HLF) hit a new 52-week low during trading on Wednesday . The stock traded as low as $5.95 and last traded at $5.97, with a volume of 3033895 shares. The stock had previously closed at $6.51.

Analyst Ratings Changes

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

Herbalife Trading Down 8.4 %

The stock has a market cap of $601.21 million, a P/E ratio of 7.02, a PEG ratio of 0.22 and a beta of 1.18. The stock’s fifty day moving average price is $7.10 and its 200 day moving average price is $7.90.

Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.38. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. As a group, sell-side analysts forecast that Herbalife Ltd. will post 1.51 earnings per share for the current year.

Institutional Trading of Herbalife

Several institutional investors have recently bought and sold shares of HLF. AQR Capital Management LLC purchased a new stake in Herbalife during the 2nd quarter valued at about $602,000. The Manufacturers Life Insurance Company grew its position in Herbalife by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,311 shares of the company’s stock valued at $533,000 after purchasing an additional 1,660 shares during the last quarter. Algert Global LLC boosted its holdings in shares of Herbalife by 98.9% during the 2nd quarter. Algert Global LLC now owns 20,173 shares of the company’s stock valued at $210,000 after acquiring an additional 10,033 shares during the last quarter. Perpetual Ltd boosted its holdings in shares of Herbalife by 21.4% during the 3rd quarter. Perpetual Ltd now owns 466,491 shares of the company’s stock valued at $3,354,000 after acquiring an additional 82,231 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of Herbalife by 66.6% during the 3rd quarter. Inspire Investing LLC now owns 56,421 shares of the company’s stock valued at $406,000 after acquiring an additional 22,558 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.