Herbalife (NYSE:HLF) Stock Price Up 5.7% - Time to Buy?

Key Points

• Herbalife's shares increased by 5.7% to a last trading price of $9.69, though trading volume was notably lower than average at 286,029 shares.
• Analysts have mixed views on the stock, with Citigroup lowering its price target to $11.00 and giving it a "buy" rating, while other firms have varying ratings, resulting in a consensus rating of "Moderate Buy" with a target price of $11.50.
• Herbalife reported $1.26 billion in revenue for the last quarter, slightly below analyst expectations, but its earnings per share beat estimates at $0.59.

Herbalife Ltd (NYSE:HLF - Get Free Report)'s stock price traded up 5.7% during mid-day trading on Tuesday . The company traded as high as $9.84 and last traded at $9.69. 286,029 shares were traded during trading, a decline of 87% from the average session volume of 2,168,848 shares. The stock had previously closed at $9.17.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Herbalife from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. Citigroup cut their price target on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Mizuho raised their price target on shares of Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $11.50.

Herbalife Trading Up 5.9%

The firm's fifty day moving average price is $9.24 and its 200-day moving average price is $8.03. The company has a market cap of $1.00 billion, a P/E ratio of 3.07, a P/E/G ratio of 0.29 and a beta of 0.85.

Herbalife (NYSE:HLF - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share for the quarter, beating 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 business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business earned $0.54 EPS. The firm's revenue was down 1.7% on a year-over-year basis. As a group, research analysts forecast that Herbalife Ltd will post 1.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Herbalife

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming raised its stake in shares of Herbalife by 56.5% in the second quarter. State of Wyoming now owns 69,920 shares of the company's stock worth $603,000 after acquiring an additional 25,252 shares during the last quarter. Sender Co & Partners Inc. bought a new stake in shares of Herbalife during the second quarter worth approximately $194,000. Solel Partners LP increased its stake in Herbalife by 18.7% in the second quarter. Solel Partners LP now owns 1,669,405 shares of the company's stock valued at $14,390,000 after purchasing an additional 262,614 shares in the last quarter. Manatuck Hill Partners LLC bought a new stake in Herbalife in the second quarter valued at approximately $3,879,000. Finally, Fund 1 Investments LLC bought a new stake in Herbalife in the second quarter valued at approximately $8,491,000.

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.