Herbalife (NYSE:HLF) Stock Price Down 4.5% – Time to Sell?

Herbalife Ltd. (NYSE:HLF)’s share price traded down 4.5% during mid-day trading on Thursday . The company traded as low as $6.75 and last traded at $6.78. 737,602 shares were traded during trading, a decline of 66% from the average session volume of 2,158,769 shares. The stock had previously closed at $7.10.

Analyst Upgrades and Downgrades

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

Herbalife Stock Performance

The firm has a market cap of $656.16 million, a PE ratio of 7.66, a PEG ratio of 0.27 and a beta of 1.17. The firm has a fifty day simple moving average of $7.65 and a two-hundred day simple moving average of $8.83.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.19 by $0.38. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Equities analysts forecast that Herbalife Ltd. will post 1.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Herbalife

Several hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in shares of Herbalife by 11.6% during the second quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company’s stock valued at $69,129,000 after buying an additional 692,800 shares during the last quarter. Baupost Group LLC MA increased its stake in Herbalife by 128.3% in the second quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock worth $53,244,000 after purchasing an additional 2,879,603 shares during the period. Bank of Montreal Can lifted its position in shares of Herbalife by 15.3% during the second quarter. Bank of Montreal Can now owns 3,776,641 shares of the company’s stock worth $41,354,000 after purchasing an additional 500,876 shares during the last quarter. Long Focus Capital Management LLC boosted its stake in shares of Herbalife by 11.3% during the second quarter. Long Focus Capital Management LLC now owns 3,202,982 shares of the company’s stock valued at $33,279,000 after purchasing an additional 323,969 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Herbalife by 4.2% in the third quarter. Geode Capital Management LLC now owns 2,615,514 shares of the company’s stock worth $18,809,000 after purchasing an additional 105,431 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.