Herbalife Ltd $HLF Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has raised its stake in Herbalife Ltd by 10.9%, owning 12,495,374 shares valued at approximately $107.8 million.
• Herbalife's stock price recently increased by 5.9%, with current trading at around $9.73 and a market cap of $1 billion.
• Analysts have adjusted ratings for Herbalife, with Wall Street Zen reducing its rating from "strong-buy" to "buy" and Citigroup lowering its price target from $13 to $11.

Vanguard Group Inc. raised its stake in Herbalife Ltd (NYSE:HLF - Free Report) by 10.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,495,374 shares of the company's stock after purchasing an additional 1,223,957 shares during the period. Vanguard Group Inc. owned 12.27% of Herbalife worth $107,835,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Boothbay Fund Management LLC bought a new stake in shares of Herbalife during the 4th quarter valued at about $251,000. Northern Trust Corp grew 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 buying an additional 126,902 shares during the last quarter. Readystate Asset Management LP grew its position in shares of Herbalife by 748.1% during the 1st quarter. Readystate Asset Management LP now owns 114,495 shares of the company's stock valued at $988,000 after buying an additional 100,995 shares during the last quarter. Q Global Advisors LLC bought a new stake in shares of Herbalife during the 4th quarter valued at about $2,438,000. Finally, Arena Capital Advisors LLC CA grew its position in shares of Herbalife by 78.0% during the 1st quarter. Arena Capital Advisors LLC CA now owns 60,910 shares of the company's stock valued at $526,000 after buying an additional 26,700 shares during the last quarter.

Analysts Set New Price Targets

HLF has been the subject of a number of recent research reports. 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 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. Finally, Citigroup lowered their price objective on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $11.50.

Herbalife Stock Performance

Shares of NYSE:HLF traded down $0.31 during trading on Thursday, reaching $9.18. The company had a trading volume of 1,955,869 shares, compared to its average volume of 1,901,515. The firm's fifty day moving average is $9.35 and its 200 day moving average is $8.12. The firm has a market capitalization of $946.03 million, a PE ratio of 2.89, a price-to-earnings-growth ratio of 0.29 and a beta of 0.85. Herbalife Ltd has a twelve month low of $5.04 and a twelve month high of $10.83.

Herbalife (NYSE:HLF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.06. The company had revenue of $1.26 billion during 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%. The business's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS. Equities analysts predict that Herbalife Ltd will post 1.57 earnings per share for the current fiscal 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.