Herbalife (NYSE:HLF) Stock Passes Above 200 Day Moving Average – Time to Sell?

Herbalife Ltd (NYSE:HLF) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.88 and traded as high as $14.85. Herbalife shares last traded at $14.6430, with a volume of 976,857 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Maxim Group began coverage on shares of Herbalife in a research report on Tuesday, January 6th. They issued a “buy” rating and a $20.00 price objective on the stock. Wall Street Zen upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Herbalife in a report on Thursday, January 22nd. Citigroup restated a “buy” rating and set a $21.00 price objective (up from $17.00) on shares of Herbalife in a research report on Thursday, February 19th. Finally, Mizuho set a $13.00 price objective on shares of Herbalife and gave the stock a “neutral” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Herbalife presently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Herbalife Stock Performance

The company has a market cap of $1.51 billion, a P/E ratio of 6.66, a P/E/G ratio of 0.88 and a beta of 0.83. The stock has a 50-day moving average of $16.82 and a two-hundred day moving average of $12.88.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.24 billion. Herbalife had a net margin of 4.53% and a negative return on equity of 35.02%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 earnings per share. As a group, sell-side analysts forecast that Herbalife Ltd will post 1.57 EPS for the current fiscal year.

Institutional Trading of Herbalife

Hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new position in shares of Herbalife during the fourth quarter valued at about $114,000. DGS Capital Management LLC lifted its stake in shares of Herbalife by 99.4% in the 4th quarter. DGS Capital Management LLC now owns 79,577 shares of the company’s stock valued at $1,026,000 after acquiring an additional 39,661 shares during the last quarter. Virtu Financial LLC purchased a new stake in Herbalife during the 4th quarter valued at about $355,000. Mercer Global Advisors Inc. ADV purchased a new stake in Herbalife during the 4th quarter valued at about $152,000. Finally, Oxford Asset Management LLP bought a new position in Herbalife during the 4th quarter worth approximately $302,000.

Herbalife Company Profile

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.