Herbalife Ltd $HLF Stock Position Raised by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Herbalife Ltd by 99.5% in the first quarter, acquiring a total of 450,086 shares worth approximately $3.88 million.
• Other hedge funds, including Vanguard and Ameriprise Financial, also raised their holdings in Herbalife, with Vanguard increasing its position by 10.9% for a total of 12,495,374 shares.
• Herbalife reported $1.26 billion in revenue for the quarter, with an earnings per share of $0.59, beating estimates by $0.06 despite a year-over-year revenue decline of 1.7%.

Invesco Ltd. boosted its position in Herbalife Ltd (NYSE:HLF - Free Report) by 99.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 450,086 shares of the company's stock after purchasing an additional 224,457 shares during the period. Invesco Ltd. owned about 0.44% of Herbalife worth $3,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Herbalife by 10.7% during the 4th quarter. Barclays PLC now owns 178,679 shares of the company's stock valued at $1,195,000 after acquiring an additional 17,253 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Herbalife by 52.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 33,292 shares of the company's stock valued at $223,000 after acquiring an additional 11,507 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of Herbalife during the 4th quarter valued at approximately $251,000. Northern Trust Corp lifted its position in shares of Herbalife by 14.5% during the 4th quarter. Northern Trust Corp now owns 1,002,676 shares of the company's stock valued at $6,708,000 after acquiring an additional 126,902 shares during the period. Finally, AXA S.A. lifted its position in shares of Herbalife by 432.3% during the 4th quarter. AXA S.A. now owns 162,428 shares of the company's stock valued at $1,087,000 after acquiring an additional 131,916 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HLF shares. Mizuho lifted their price target on shares of Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Wall Street Zen downgraded shares of Herbalife from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $11.50.

Herbalife Trading Up 0.6%

HLF stock traded up $0.06 during trading on Wednesday, reaching $9.85. The stock had a trading volume of 108,691 shares, compared to its average volume of 2,137,459. Herbalife Ltd has a 1-year low of $5.04 and a 1-year high of $10.83. The company has a market capitalization of $1.02 billion, a P/E ratio of 3.11, a PEG ratio of 0.30 and a beta of 0.89. The firm has a fifty day moving average price of $9.44 and a 200 day moving average price of $8.24.

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

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.