Herbalife (NYSE:HLF) Stock Price Up 11.4% - Time to Buy?

Shares of Herbalife Ltd (NYSE:HLF - Get Free Report) rose 11.4% during trading on Wednesday . The company traded as high as $10.52 and last traded at $10.70. Approximately 2,757,984 shares were traded during mid-day trading, an increase of 28% from the average daily volume of 2,159,875 shares. The stock had previously closed at $9.60.

Analysts Set New Price Targets

HLF has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Herbalife from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Citigroup cut their target price on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.

Herbalife Price Performance

The firm has a market capitalization of $989.47 million, a P/E ratio of 3.55, a price-to-earnings-growth ratio of 0.32 and a beta of 0.89. The stock's 50-day simple moving average is $8.47 and its two-hundred day simple moving average is $7.57.

Herbalife (NYSE:HLF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.19. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a net margin of 5.66% and a negative return on equity of 23.75%. The company's revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. On average, analysts forecast that Herbalife Ltd will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Herbalife

In related news, Director Juan Miguel Mendoza bought 5,000 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average price of $6.75 per share, for a total transaction of $33,750.00. Following the completion of the transaction, the director owned 166,857 shares in the company, valued at $1,126,284.75. The trade was a 3.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 13,143 shares of company stock worth $90,973 in the last three months. 1.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Herbalife

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its position in shares of Herbalife by 641.5% during the fourth quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock worth $29,000 after acquiring an additional 3,714 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Herbalife by 4,406.4% during the first 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 during the last quarter. CWM LLC lifted its position in Herbalife by 199.7% during the first quarter. CWM LLC now owns 7,969 shares of the company's stock valued at $69,000 after purchasing an additional 5,310 shares during the last quarter. Bridgefront Capital LLC bought a new position in Herbalife during the fourth quarter valued at $71,000. Finally, Headlands Technologies LLC lifted its position in Herbalife by 12,307.6% during the fourth quarter. Headlands Technologies LLC now owns 11,415 shares of the company's stock valued at $76,000 after purchasing an additional 11,323 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.