Herbalife (NYSE:HLF) Cut to “Hold” at StockNews.com

Posted by Defense World Staff on Jun 14th, 2023

Herbalife (NYSE:HLF – Get Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other equities research analysts have also recently weighed in on HLF. Mizuho assumed coverage on Herbalife in a report on Wednesday, June 7th. They set a “neutral” rating and a $13.00 price target on the stock. Citigroup lifted their price target on shares of Herbalife from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, March 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Herbalife presently has an average rating of “Hold” and a consensus price target of $21.00.

Herbalife Stock Performance

NYSE:HLF opened at $12.47 on Wednesday. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 4.89 and a beta of 1.14. Herbalife has a one year low of $11.14 and a one year high of $30.65. The stock has a 50-day simple moving average of $13.79 and a 200 day simple moving average of $15.75.

Herbalife (NYSE:HLF – Get Rating) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.11). The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.22 billion. Herbalife had a negative return on equity of 22.11% and a net margin of 4.93%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.99 earnings per share. On average, equities research analysts forecast that Herbalife will post 2.26 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Stephan Paulo Gratziani bought 23,500 shares of Herbalife stock in a transaction dated Monday, May 8th. The shares were bought at an average cost of $14.06 per share, for a total transaction of $330,410.00. Following the completion of the transaction, the director now owns 34,529 shares of the company’s stock, valued at $485,477.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.66% of the company’s stock.

Hedge Funds Weigh In On Herbalife

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in Herbalife by 0.7% in the first quarter. JPMorgan Chase & Co. now owns 1,711,027 shares of the company’s stock worth $27,547,000 after purchasing an additional 12,671 shares during the period. Geode Capital Management LLC raised its holdings in Herbalife by 1.5% in the first quarter. Geode Capital Management LLC now owns 1,967,765 shares of the company’s stock worth $31,681,000 after purchasing an additional 29,011 shares during the period. Graham Capital Management L.P. raised its holdings in Herbalife by 9.1% in the first quarter. Graham Capital Management L.P. now owns 77,044 shares of the company’s stock worth $1,240,000 after purchasing an additional 6,450 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Herbalife by 299.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,612,512 shares of the company’s stock worth $25,961,000 after purchasing an additional 1,208,604 shares during the period. Finally, Aristotle Capital Boston LLC raised its holdings in Herbalife by 5.8% in the first quarter. Aristotle Capital Boston LLC now owns 1,131,351 shares of the company’s stock worth $18,215,000 after purchasing an additional 61,877 shares during the period. 98.91% of the stock is currently owned by institutional investors and hedge funds.

Herbalife Company Profile

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Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotion items.