Weiss Ratings Reiterates Hold (C) Rating for Herbalife (NYSE:HLF)

Herbalife (NYSE:HLF - Get Free Report)'s stock had its "hold (c)" rating reissued by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

HLF has been the topic of several other reports. Wall Street Zen lowered shares of Herbalife from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 28th. Mizuho raised their price objective on shares of Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Herbalife currently has an average rating of "Moderate Buy" and an average price target of $11.50.

Herbalife Stock Up 3.2%

Shares of NYSE HLF opened at $9.14 on Wednesday. The firm has a market cap of $942.39 million, a PE ratio of 2.88, a P/E/G ratio of 0.27 and a beta of 0.87. Herbalife has a 12-month low of $5.04 and a 12-month high of $10.83. The company's fifty day simple moving average is $9.26 and its 200 day simple moving average is $8.43.

Herbalife (NYSE:HLF - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.06. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. Herbalife had a net margin of 6.59% and a negative return on equity of 27.36%. Herbalife's revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share. On average, equities analysts predict that Herbalife will post 1.57 earnings per share for the current year.

Institutional Trading of Herbalife

Several institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Herbalife by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 36,642 shares of the company's stock valued at $316,000 after purchasing an additional 1,217 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Herbalife by 3.1% in the second quarter. Harbor Capital Advisors Inc. now owns 50,300 shares of the company's stock valued at $434,000 after purchasing an additional 1,524 shares during the last quarter. Avaii Wealth Management LLC raised its holdings in shares of Herbalife by 2.7% in the second quarter. Avaii Wealth Management LLC now owns 62,480 shares of the company's stock valued at $539,000 after purchasing an additional 1,644 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in Herbalife by 2.7% during the second quarter. SummerHaven Investment Management LLC now owns 82,537 shares of the company's stock worth $711,000 after buying an additional 2,135 shares during the last quarter. Finally, Savant Capital LLC increased its holdings in Herbalife by 14.5% during the second quarter. Savant Capital LLC now owns 17,385 shares of the company's stock worth $150,000 after buying an additional 2,204 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.

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