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

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. DA Davidson raised shares of Herbalife from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $7.50 to $14.00 in a report on Friday, March 21st. 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, Wall Street Zen raised shares of Herbalife from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Herbalife has a consensus rating of "Moderate Buy" and an average target price of $11.50.

Herbalife Stock Up 1.1%

The company's 50 day moving average price is $8.14 and its 200 day moving average price is $7.44. The firm has a market capitalization of $935.06 million, a price-to-earnings ratio of 3.35, a P/E/G ratio of 0.28 and a beta of 0.89.

Herbalife (NYSE:HLF - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 5.66% and a negative return on equity of 23.75%. The firm's quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. As a group, analysts expect that Herbalife Ltd will post 1.57 earnings per share for the current year.

Insider Transactions at Herbalife

In other news, Director Juan Miguel Mendoza bought 5,000 shares of the stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of $6.75 per share, with a total value of $33,750.00. Following the purchase, the director directly owned 166,857 shares in the company, valued at $1,126,284.75. The trade was a 3.09% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have acquired 13,143 shares of company stock worth $90,973 in the last three months. Insiders own 1.73% of the company's stock.

Institutional Investors Weigh In On Herbalife

Several hedge funds have recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its stake in shares of Herbalife by 3.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 50,300 shares of the company's stock worth $434,000 after acquiring an additional 1,524 shares in the last quarter. Avaii Wealth Management LLC boosted its stake in shares of Herbalife by 2.7% during the 2nd quarter. Avaii Wealth Management LLC now owns 62,480 shares of the company's stock worth $539,000 after acquiring an additional 1,644 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of Herbalife by 2.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 82,537 shares of the company's stock worth $711,000 after purchasing an additional 2,135 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Herbalife by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,441 shares of the company's stock worth $384,000 after purchasing an additional 2,516 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Herbalife by 4.5% during the 1st quarter. MetLife Investment Management LLC now owns 59,908 shares of the company's stock worth $517,000 after purchasing an additional 2,561 shares during 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.