Herbalife (NYSE:HLF) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Herbalife Ltd (NYSE:HLF - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.43 and traded as high as $8.86. Herbalife shares last traded at $8.83, with a volume of 926,328 shares traded.

Analyst Ratings Changes

HLF has been the subject of several research analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Herbalife in a research report on Saturday, September 27th. Mizuho boosted their price objective on Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, Wall Street Zen lowered Herbalife from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 28th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $11.50.

Herbalife Trading Up 0.4%

The business's 50-day moving average is $9.26 and its two-hundred day moving average is $8.43. The firm has a market cap of $909.95 million, a P/E ratio of 2.78, a P/E/G ratio of 0.27 and a beta of 0.87.

Herbalife (NYSE:HLF - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.59 EPS for the quarter, beating the consensus estimate 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 negative return on equity of 27.36% and a net margin of 6.59%.The business's revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 earnings per share. On average, analysts anticipate that Herbalife Ltd will post 1.57 earnings per share for the current year.

Hedge Funds Weigh In On Herbalife

Several institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in shares of Herbalife by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 36,642 shares of the company's stock worth $316,000 after acquiring an additional 1,217 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Herbalife by 3.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 50,300 shares of the company's stock worth $434,000 after purchasing an additional 1,524 shares during the last quarter. Avaii Wealth Management LLC grew its position in Herbalife by 2.7% in the 2nd quarter. Avaii Wealth Management LLC now owns 62,480 shares of the company's stock worth $539,000 after purchasing an additional 1,644 shares during the last quarter. SummerHaven Investment Management LLC grew its position in Herbalife by 2.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 82,537 shares of the company's stock worth $711,000 after purchasing an additional 2,135 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in Herbalife by 14.5% in the 2nd quarter. Savant Capital LLC now owns 17,385 shares of the company's stock worth $150,000 after buying an additional 2,204 shares in the last quarter.

About Herbalife

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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