Herbalife (NYSE:HLF) Stock Price Down 8% - Here's Why

Shares of Herbalife Ltd (NYSE:HLF - Get Free Report) were down 8% on Monday . The company traded as low as $9.35 and last traded at $9.36. Approximately 406,657 shares were traded during trading, a decline of 81% from the average daily volume of 2,181,735 shares. The stock had previously closed at $10.18.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HLF shares. Wall Street Zen upgraded shares of Herbalife from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. 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, DA Davidson upgraded shares of Herbalife from a "neutral" rating to a "buy" rating and upped their price target for the stock from $7.50 to $14.00 in a report on Friday, March 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Herbalife presently has a consensus rating of "Moderate Buy" and an average price target of $11.50.

Herbalife Stock Performance

The firm has a market cap of $944.63 million, a price-to-earnings ratio of 3.39, a PEG ratio of 0.30 and a beta of 0.89. The business's 50 day moving average price is $8.00 and its 200 day moving average price is $7.40.

Herbalife (NYSE:HLF - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.19. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. Herbalife had a negative return on equity of 23.75% and a net margin of 5.66%. Herbalife's revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. Sell-side analysts anticipate that Herbalife Ltd will post 1.57 earnings per share for the current fiscal year.

Insider Transactions at Herbalife

In related news, Director Juan Miguel Mendoza purchased 5,000 shares of Herbalife stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average cost of $6.75 per share, with a total value of $33,750.00. Following the transaction, the director owned 166,857 shares of the company's stock, valued at approximately $1,126,284.75. The trade was a 3.09% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders bought 13,143 shares of company stock valued at $90,973. 1.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its stake in shares of Herbalife by 641.5% during the 4th quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock worth $29,000 after purchasing an additional 3,714 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted 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 buying an additional 4,803 shares during the period. CWM LLC raised its position in Herbalife by 199.7% in the 1st 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 in the 4th quarter valued at $71,000. Finally, Headlands Technologies LLC raised its position in shares of Herbalife by 12,307.6% during the fourth quarter. Headlands Technologies LLC now owns 11,415 shares of the company's stock worth $76,000 after acquiring 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.