Herbalife Ltd. (NYSE:HLF - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.26 and last traded at $5.30, with a volume of 2564254 shares trading hands. The stock had previously closed at $5.46.
Analyst Upgrades and Downgrades
A number of research analysts have commented on HLF shares. Mizuho increased their price objective on shares of Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. B. Riley reduced their price target on shares of Herbalife from $17.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. StockNews.com raised Herbalife from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Citigroup reduced their target price on Herbalife from $16.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Finally, DA Davidson decreased their target price on Herbalife from $13.00 to $7.50 and set a "neutral" rating for the company in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Herbalife currently has a consensus rating of "Hold" and an average price target of $9.90.
View Our Latest Report on Herbalife
Herbalife Stock Down 0.3 %
The firm's 50 day moving average is $6.71 and its two-hundred day moving average is $7.67. The stock has a market cap of $539.73 million, a price-to-earnings ratio of 6.30, a price-to-earnings-growth ratio of 0.18 and a beta of 1.15.
Institutional Investors Weigh In On Herbalife
Large investors have recently added to or reduced their stakes in the stock. Iridian Asset Management LLC CT increased its position in Herbalife by 43.7% in the 3rd quarter. Iridian Asset Management LLC CT now owns 2,228,193 shares of the company's stock valued at $16,021,000 after acquiring an additional 677,739 shares during the period. Perpetual Ltd grew its position in Herbalife by 107.1% in the 4th quarter. Perpetual Ltd now owns 966,063 shares of the company's stock valued at $6,463,000 after buying an additional 499,572 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Herbalife by 20.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,287,600 shares of the company's stock valued at $16,448,000 after buying an additional 384,100 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Herbalife by 8.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,696,560 shares of the company's stock worth $18,040,000 after buying an additional 216,603 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Herbalife by 15.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,539,148 shares of the company's stock worth $11,066,000 after acquiring an additional 206,530 shares during the period.
Herbalife Company Profile
(
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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.
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