Herbalife (NYSE:HLF) Shares Down 5.8% – Here’s What Happened

Herbalife Ltd (NYSE:HLF)’s share price traded down 5.8% on Friday . The company traded as low as $13.42 and last traded at $13.36. 577,917 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 2,025,784 shares. The stock had previously closed at $14.18.

Wall Street Analyst Weigh In

HLF has been the topic of several recent research reports. Mizuho lifted their target price on shares of Herbalife from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Argus set a $15.00 target price on Herbalife in a report on Wednesday, November 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Herbalife in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Finally, Citigroup reiterated a “buy” rating and set a $17.00 price objective (up previously from $11.00) on shares of Herbalife in a research note on Friday, December 12th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Herbalife Stock Down 6.0%

The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 4.26, a price-to-earnings-growth ratio of 0.44 and a beta of 0.82. The firm’s 50 day moving average is $10.97 and its two-hundred day moving average is $9.78.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. Herbalife had a net margin of 6.47% and a negative return on equity of 29.84%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the firm posted $0.57 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. On average, analysts anticipate that Herbalife Ltd will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling at Herbalife

In other Herbalife news, Director Lynda Cloud acquired 17,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was purchased at an average cost of $8.97 per share, for a total transaction of $152,490.00. Following the transaction, the director owned 38,857 shares of the company’s stock, valued at $348,547.29. The trade was a 77.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired a total of 18,200 shares of company stock worth $167,938 in the last quarter. Insiders own 1.73% of the company’s stock.

Institutional Investors Weigh In On Herbalife

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its position 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 acquiring an additional 1,217 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Herbalife by 3.1% during the second quarter. Harbor Capital Advisors Inc. now owns 50,300 shares of the company’s stock worth $434,000 after purchasing an additional 1,524 shares in the last quarter. Avaii Wealth Management LLC grew its position 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 buying an additional 1,644 shares during the period. SummerHaven Investment Management LLC raised its position in shares of Herbalife by 2.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 82,537 shares of the company’s stock valued at $711,000 after acquiring an additional 2,135 shares during the period. Finally, Savant Capital LLC grew its position in shares of Herbalife by 14.5% in the 2nd quarter. Savant Capital LLC now owns 17,385 shares of the company’s stock valued at $150,000 after purchasing an additional 2,204 shares during the period.

About Herbalife

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.