Herbalife (NYSE:HLF) Shares Cross Above 200 Day Moving Average - Time to Sell?

Shares of Herbalife Ltd (NYSE:HLF - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.45 and traded as high as $8.89. Herbalife shares last traded at $8.74, with a volume of 1,168,918 shares trading hands.

Analysts Set New Price Targets

HLF has been the topic of a number of recent 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 research note on Monday, July 28th. Wall Street Zen lowered shares of Herbalife from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 28th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Herbalife in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $11.50.

Herbalife Trading Up 0.5%

The firm's fifty day moving average is $9.16 and its 200-day moving average is $8.45. The stock has a market capitalization of $900.67 million, a PE ratio of 2.76, a price-to-earnings-growth ratio of 0.26 and a beta of 0.87.

Herbalife (NYSE:HLF - Get Free Report) last released its quarterly earnings results 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 negative return on equity of 27.36% and a net margin of 6.59%.The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. The firm's revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts predict that Herbalife Ltd will post 1.57 EPS for the current year.

Institutional Investors Weigh In On Herbalife

A number of hedge funds and other institutional investors have recently modified their holdings of HLF. Teacher Retirement System of Texas acquired a new position in shares of Herbalife during the first quarter worth $1,388,000. Nisa Investment Advisors LLC lifted its holdings in Herbalife by 8,851.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 75,996 shares of the company's stock worth $656,000 after buying an additional 75,147 shares during the last quarter. Iridian Asset Management LLC CT boosted its position in shares of Herbalife by 10.7% during the 1st quarter. Iridian Asset Management LLC CT now owns 2,775,430 shares of the company's stock worth $23,952,000 after acquiring an additional 267,690 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of Herbalife in the 1st quarter valued at about $108,000. Finally, Diversify Wealth Management LLC increased its holdings in shares of Herbalife by 40.9% in the 1st quarter. Diversify Wealth Management LLC now owns 270,601 shares of the company's stock valued at $2,335,000 after acquiring an additional 78,530 shares during 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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