Herbalife (NYSE:HLF) Shares Down 6.3% – Should You Sell?

Herbalife Ltd. (NYSE:HLF)’s share price was down 6.3% during mid-day trading on Tuesday . The company traded as low as $6.32 and last traded at $6.10. Approximately 72,211 shares were traded during trading, a decline of 96% from the average daily volume of 1,611,923 shares. The stock had previously closed at $6.51.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HLF shares. DA Davidson reduced their target price on Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Citigroup cut their price target on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, October 25th. B. Riley reduced their price target on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Mizuho boosted their price objective on Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $9.90.

Herbalife Stock Performance

The business’s 50-day moving average is $7.16 and its two-hundred day moving average is $7.97. The firm has a market capitalization of $615.32 million, a price-to-earnings ratio of 7.18, a P/E/G ratio of 0.22 and a beta of 1.18.

Herbalife (NYSE:HLF) last announced its earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.38. The firm had revenue of $1.24 billion during 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 18.66%. Analysts forecast that Herbalife Ltd. will post 1.51 EPS for the current year.

Institutional Trading of Herbalife

Hedge funds and other institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC raised its stake in Herbalife by 3.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 44,790 shares of the company’s stock valued at $300,000 after acquiring an additional 1,636 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Herbalife by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 51,311 shares of the company’s stock worth $533,000 after purchasing an additional 1,660 shares during the period. Cinctive Capital Management LP lifted its holdings in Herbalife by 3.6% during the 3rd quarter. Cinctive Capital Management LP now owns 92,138 shares of the company’s stock worth $662,000 after purchasing an additional 3,170 shares during the last quarter. Inspire Investing LLC grew its holdings in Herbalife by 6.1% in the 4th quarter. Inspire Investing LLC now owns 59,879 shares of the company’s stock valued at $401,000 after buying an additional 3,458 shares in the last quarter. Finally, Avaii Wealth Management LLC increased its position in Herbalife by 12.4% during the 3rd quarter. Avaii Wealth Management LLC now owns 39,264 shares of the company’s stock worth $282,000 after buying an additional 4,347 shares during the period.

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.