Herbalife (NYSE:HLF) Shares Down 4.5% - Here's What Happened

Key Points

• Herbalife's stock price dropped by 4.5% to $8.74 during mid-day trading, with trading volume significantly lower at approximately 56,547 shares, compared to an average of over 2 million shares.
• Research analysts currently rate Herbalife with a consensus of "Moderate Buy," with an average target price of $11.50, while Mizuho has raised its target to $9.00.
• The company reported $0.59 EPS for the last quarter, exceeding estimates, but revenue was down 1.7% year-over-year at $1.26 billion, slightly below expectations of $1.27 billion.

Herbalife Ltd (NYSE:HLF - Get Free Report)'s stock price was down 4.5% during mid-day trading on Thursday . The stock traded as low as $8.74 and last traded at $8.74. Approximately 56,547 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 2,032,476 shares. The stock had previously closed at $9.15.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HLF shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Herbalife in a research note on Wednesday. Mizuho raised their target price 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. Finally, Wall Street Zen downgraded shares of Herbalife from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 28th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Herbalife presently has a consensus rating of "Moderate Buy" and an average target price of $11.50.

Herbalife Stock Performance

The stock has a market capitalization of $931.05 million, a P/E ratio of 2.85, a PEG ratio of 0.27 and a beta of 0.87. The company's fifty day simple moving average is $9.25 and its two-hundred day simple moving average is $8.44.

Herbalife (NYSE:HLF - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.53 by $0.06. Herbalife had a net margin of 6.59% and a negative return on equity of 27.36%. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same period last year, the firm earned $0.54 earnings per share. The business's revenue for the quarter was down 1.7% on a year-over-year basis. On average, research analysts predict that Herbalife Ltd will post 1.57 earnings per share for the current fiscal year.

Institutional Trading of Herbalife

Several large investors have recently made changes to their positions in HLF. FNY Investment Advisers LLC acquired a new stake in shares of Herbalife during the 2nd quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Herbalife by 4,406.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,912 shares of the company's stock worth $42,000 after acquiring an additional 4,803 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Herbalife by 115.6% during the 3rd quarter. GAMMA Investing LLC now owns 7,024 shares of the company's stock worth $59,000 after acquiring an additional 3,766 shares in the last quarter. CWM LLC boosted its position in shares of Herbalife by 199.7% during the 1st quarter. CWM LLC now owns 7,969 shares of the company's stock worth $69,000 after acquiring an additional 5,310 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Herbalife during the 2nd quarter worth approximately $103,000.

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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