Herbalife (NYSE:HLF) Price Target Cut to $11.00 by Analysts at Citigroup

Herbalife (NYSE:HLF) had its price target cut by Citigroup from $13.00 to $11.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also issued reports on HLF. DA Davidson upgraded Herbalife from a “neutral” rating to a “buy” rating and lifted their price target for the company from $7.50 to $14.00 in a research note on Friday, March 21st. StockNews.com downgraded Herbalife from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 29th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.50.

Herbalife Stock Up 10.4 %

Shares of Herbalife stock opened at $7.32 on Thursday. The stock has a market capitalization of $741.82 million, a price-to-earnings ratio of 2.94, a price-to-earnings-growth ratio of 0.29 and a beta of 1.02. Herbalife has a twelve month low of $5.04 and a twelve month high of $12.79. The company has a 50-day simple moving average of $7.73 and a two-hundred day simple moving average of $7.25.

Herbalife (NYSE:HLF) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.19. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. On average, sell-side analysts anticipate that Herbalife will post 1.57 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Juan Miguel Mendoza purchased 5,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $8.25 per share, for a total transaction of $41,250.00. Following the transaction, the director now owns 132,500 shares of the company’s stock, valued at approximately $1,093,125. This trade represents a 3.92 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.73% of the company’s stock.

Hedge Funds Weigh In On Herbalife

Several hedge funds and other institutional investors have recently bought and sold shares of HLF. Quadrant Capital Group LLC boosted its position in Herbalife by 641.5% during the fourth quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company’s stock valued at $29,000 after acquiring an additional 3,714 shares during the last quarter. CWM LLC grew its stake in Herbalife by 199.7% during the first quarter. CWM LLC now owns 7,969 shares of the company’s stock worth $69,000 after purchasing an additional 5,310 shares during the period. R Squared Ltd bought a new stake in Herbalife in the fourth quarter worth approximately $63,000. Van ECK Associates Corp lifted its stake in Herbalife by 110.4% in the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company’s stock valued at $70,000 after buying an additional 5,524 shares during the period. Finally, Bridgefront Capital LLC bought a new position in shares of Herbalife during the 4th quarter worth approximately $71,000.

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.