Herbalife (NYSE:HLF) Shares Down 3.9% - Here's What Happened

Herbalife Ltd. (NYSE:HLF - Get Free Report) shares fell 3.9% during trading on Tuesday . The stock traded as low as $7.36 and last traded at $7.40. 130,393 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 2,234,802 shares. The stock had previously closed at $7.70.

Analysts Set New Price Targets

Several analysts recently commented on the company. DA Davidson raised Herbalife from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $7.50 to $14.00 in a report on Friday, March 21st. Wall Street Zen raised Herbalife from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Citigroup reduced their price target 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $11.50.

Herbalife Price Performance

The company has a 50-day moving average of $7.15 and a two-hundred day moving average of $7.18. The company has a market capitalization of $787.18 million, a PE ratio of 3.10, a P/E/G ratio of 0.29 and a beta of 0.86.

Herbalife (NYSE:HLF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.19. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.23 billion. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The business's quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. As a group, research analysts anticipate that Herbalife Ltd. will post 1.57 EPS for the current year.

Insiders Place Their Bets

In other Herbalife news, Director Juan Miguel Mendoza bought 5,000 shares of the business'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 now owns 166,857 shares of the company's stock, valued at $1,126,284.75. This trade represents a 3.09% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.73% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLF. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Herbalife by 777.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,987,490 shares of the company's stock worth $19,986,000 after buying an additional 2,646,848 shares in the last quarter. Vanguard Group Inc. lifted its stake in Herbalife by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 12,495,374 shares of the company's stock worth $107,835,000 after purchasing an additional 1,223,957 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Herbalife by 67.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,570,226 shares of the company's stock valued at $17,195,000 after purchasing an additional 1,031,078 shares during the last quarter. Long Focus Capital Management LLC grew its position in shares of Herbalife by 27.3% during the fourth quarter. Long Focus Capital Management LLC now owns 4,758,127 shares of the company's stock valued at $31,832,000 after purchasing an additional 1,020,127 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in shares of Herbalife by 6,837.9% during the first quarter. Cubist Systematic Strategies LLC now owns 889,400 shares of the company's stock valued at $7,676,000 after purchasing an additional 902,600 shares in the last quarter.

Herbalife Company Profile

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.