Herbalife Ltd (NYSE:HLF) Stock Has Consensus Target Price of $17.67

Shares of Herbalife Ltd (NYSE:HLF) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $17.67.

Several brokerages have issued reports on HLF. Citigroup reiterated a “buy” rating and set a $17.00 target price (down from $21.00) on shares of Herbalife in a report on Friday, August 7th. Zacks Research upgraded Herbalife from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. Wall Street Zen cut shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Sunday, September 27th. Weiss Ratings cut shares of Herbalife from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 24th. Finally, Texas Capital upgraded Herbalife to a “strong-buy” rating in a research report on Thursday, September 17th.

Institutional Investors Weigh In On Herbalife

Large investors have recently modified their holdings of the company. KBC Group NV acquired a new position in shares of Herbalife in the 1st quarter valued at $44,000. EverSource Wealth Advisors LLC lifted its position in shares of Herbalife by 12.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,366 shares of the company’s stock valued at $108,000 after acquiring an additional 822 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Herbalife in the 4th quarter valued at about $114,000. Tidal Investments LLC purchased a new position in Herbalife during the second quarter worth $140,000. Finally, Echo45 Advisors LLC acquired a new position in shares of Herbalife in the third quarter valued at approximately $143,000.

Herbalife Price Performance

Shares of NYSE:HLF traded up $0.03 during trading on Friday, hitting $14.60. The company had a trading volume of 1,237,966 shares, compared to its average volume of 1,459,056. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 0.48 and a beta of 0.78. Herbalife has a one year low of $7.56 and a one year high of $20.40. The company has a fifty day simple moving average of $12.44 and a two-hundred day simple moving average of $13.02.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). Herbalife had a negative return on equity of 43.90% and a net margin of 3.16%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts anticipate that Herbalife will post 2.68 earnings per share for the current year.

Herbalife declared that its board has approved a stock buyback plan on Tuesday, September 8th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 19.3% of its shares through open market purchases. Share repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Herbalife Company Profile

Herbalife Ltd. (NYSE: HLF) is a global nutrition and wellness company that develops and sells products through a network of independent distributors. Its offerings are designed to support weight management, sports performance, energy, and general well-being.

The company’s product portfolio includes meal-replacement shakes, protein products, dietary supplements, vitamins, teas, hydration products, sports nutrition products, and personal-care items. Herbalife distributes its products in more than 90 countries through direct selling, including person-to-person sales, nutrition clubs, and online channels operated by its independent distributors.

Herbalife was founded in 1980 by Mark Hughes and is headquartered in Los Angeles, California.