Herbalife (NYSE:HLF) Trading Up 7.5% – What’s Next?

Shares of Herbalife Ltd. (NYSE:HLF) rose 7.5% on Friday . The company traded as high as $8.19 and last traded at $8.12. Approximately 1,444,437 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 2,099,374 shares. The stock had previously closed at $7.55.

Wall Street Analyst Weigh In

HLF has been the topic of a number of research reports. B. Riley decreased their price objective on Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday. DA Davidson decreased their price objective on Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a report on Thursday. Citigroup decreased their price objective on Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com lowered Herbalife from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.75.

Herbalife Trading Up 4.5 %

The firm has a market cap of $794.68 million, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.26 and a beta of 1.19. The firm has a fifty day moving average price of $7.33 and a 200 day moving average price of $9.29.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.38. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a net margin of 1.73% and a negative return on equity of 18.25%. As a group, equities analysts predict that Herbalife Ltd. will post 1.34 earnings per share for the current year.

Insider Buying and Selling at Herbalife

In related news, Director Juan Miguel Mendoza acquired 10,000 shares of the stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $8.72 per share, with a total value of $87,200.00. Following the completion of the transaction, the director now owns 110,000 shares in the company, valued at $959,200. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Herbalife

Institutional investors and hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. lifted its stake in Herbalife by 139.4% during the third quarter. Harbor Capital Advisors Inc. now owns 38,020 shares of the company’s stock worth $273,000 after purchasing an additional 22,138 shares during the last quarter. Iridian Asset Management LLC CT lifted its stake in Herbalife by 43.7% in the third quarter. Iridian Asset Management LLC CT now owns 2,228,193 shares of the company’s stock valued at $16,021,000 after buying an additional 677,739 shares during the last quarter. Diversify Wealth Management LLC lifted its stake in Herbalife by 271.4% in the third quarter. Diversify Wealth Management LLC now owns 159,499 shares of the company’s stock valued at $1,113,000 after buying an additional 116,548 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new stake in Herbalife in the third quarter valued at approximately $78,000. Finally, Avaii Wealth Management LLC lifted its stake in Herbalife by 12.4% in the third quarter. Avaii Wealth Management LLC now owns 39,264 shares of the company’s stock valued at $282,000 after buying an additional 4,347 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.