Herbalife (HLF) Stock Rating Lowered by ValuEngine
ValuEngine downgraded shares of Herbalife (NYSE:HLF) from a strong-buy rating to a buy rating in a research report sent to investors on Monday morning.
Several other brokerages also recently commented on HLF. Pivotal Research reiterated a buy rating and set a $120.00 target price on shares of Herbalife in a report on Thursday, August 31st. Citigroup reiterated a hold rating and set a $73.00 target price (up from $71.00) on shares of Herbalife in a report on Tuesday, October 3rd. Zacks Investment Research downgraded Herbalife from a buy rating to a hold rating in a report on Wednesday, October 4th. Tigress Financial reiterated a buy rating on shares of Herbalife in a report on Wednesday, August 9th. Finally, BidaskClub upgraded Herbalife from a sell rating to a hold rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $83.25.
Shares of Herbalife (NYSE HLF) traded up $1.56 during trading hours on Monday, hitting $69.20. The company had a trading volume of 762,300 shares, compared to its average volume of 1,211,326. The stock has a market cap of $5,898.02, a P/E ratio of 14.80 and a beta of 1.27. The company has a current ratio of 2.65, a quick ratio of 2.24 and a debt-to-equity ratio of 9.94. Herbalife has a 1-year low of $47.91 and a 1-year high of $79.64.
Herbalife (NYSE:HLF) last announced its earnings results on Thursday, November 2nd. The company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. Herbalife had a return on equity of 176.64% and a net margin of 8.60%. The company’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the business posted $1.21 EPS. equities research analysts expect that Herbalife will post 4.55 EPS for the current year.
A number of hedge funds have recently bought and sold shares of HLF. Dimensional Fund Advisors LP increased its holdings in Herbalife by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 411,921 shares of the company’s stock worth $23,950,000 after purchasing an additional 2,499 shares during the last quarter. Aperio Group LLC increased its holdings in Herbalife by 3.4% during the 2nd quarter. Aperio Group LLC now owns 24,384 shares of the company’s stock worth $1,739,000 after purchasing an additional 801 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Herbalife by 115.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 12,697 shares of the company’s stock worth $906,000 after purchasing an additional 6,791 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Herbalife during the 2nd quarter worth approximately $106,000. Finally, Great West Life Assurance Co. Can purchased a new stake in Herbalife during the 2nd quarter worth approximately $484,000.
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. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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