Charles Schwab Investment Management Inc. Has $26.38 Million Stock Holdings in Herbalife Ltd $HLF

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Herbalife Ltd by 13.4%, now owning approximately 3,057,219 shares worth $26.4 million after purchasing an additional 360,659 shares.
• Wall Street analysts have mixed ratings, with Mizuho increasing its target price to $9.00 while Citigroup reduced its target to $11.00, indicating a current average rating of "Moderate Buy" and price target of $11.50.
• Herbalife's latest earnings report showed a 0.59 EPS, exceeding estimates, although revenue fell by 1.7% compared to the previous year, totaling $1.26 billion.

Charles Schwab Investment Management Inc. increased its holdings in shares of Herbalife Ltd (NYSE:HLF - Free Report) by 13.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,057,219 shares of the company's stock after buying an additional 360,659 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.00% of Herbalife worth $26,384,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of Herbalife by 199.7% in the first quarter. CWM LLC now owns 7,969 shares of the company's stock worth $69,000 after acquiring an additional 5,310 shares in the last quarter. Bridgefront Capital LLC acquired a new position in shares of Herbalife in the 4th quarter valued at approximately $71,000. MQS Management LLC bought a new stake in Herbalife during the 1st quarter worth approximately $105,000. Cerity Partners LLC acquired a new stake in Herbalife during the 1st quarter worth approximately $108,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Herbalife in the first quarter valued at approximately $147,000.

Herbalife Price Performance

NYSE HLF traded down $0.18 on Tuesday, hitting $9.28. 1,680,927 shares of the stock were exchanged, compared to its average volume of 1,899,501. The company has a market capitalization of $957.24 million, a PE ratio of 2.93, a P/E/G ratio of 0.29 and a beta of 0.85. The business's fifty day moving average is $9.30 and its 200 day moving average is $8.09. Herbalife Ltd has a 52 week low of $5.04 and a 52 week high of $10.83.

Herbalife (NYSE:HLF - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. Herbalife had a net margin of 6.59% and a negative return on equity of 27.36%. Herbalife's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. Analysts predict that Herbalife Ltd will post 1.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HLF has been the subject of several research analyst reports. Mizuho upped their price target on shares of Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Citigroup reduced their target price on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Wall Street Zen downgraded Herbalife from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.50.

Herbalife Company Profile

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.