Herbalife LTD. (NYSE:HLF) Rating Lowered to Hold at BidaskClub

BidaskClub lowered shares of Herbalife LTD. (NYSE:HLF) from a buy rating to a hold rating in a research report report published on Tuesday, August 1st.

HLF has been the topic of several other research reports. Pivotal Research dropped their target price on shares of Herbalife LTD. from $105.00 to $90.00 and set a buy rating on the stock in a report on Friday, May 5th. ValuEngine upgraded shares of Herbalife LTD. from a hold rating to a buy rating in a research report on Friday, June 2nd. TheStreet upgraded shares of Herbalife LTD. from a c rating to a b- rating in a report on Monday, April 17th. Zacks Investment Research raised shares of Herbalife LTD. from a sell rating to a hold rating in a research note on Tuesday, April 25th. Finally, Tigress Financial started coverage on shares of Herbalife LTD. in a research note on Monday, April 24th. They issued a buy rating for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $83.00.

Herbalife LTD. (NYSE HLF) opened at 61.95 on Tuesday. Herbalife LTD. has a 1-year low of $47.62 and a 1-year high of $74.49. The firm’s 50-day moving average price is $68.50 and its 200-day moving average price is $64.45. The firm has a market cap of $5.59 billion, a P/E ratio of 13.03 and a beta of 1.20.

Herbalife LTD. (NYSE:HLF) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.41. Herbalife LTD. had a net margin of 9.28% and a return on equity of 216.82%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the company posted $1.29 earnings per share. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities research analysts anticipate that Herbalife LTD. will post $4.71 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in Herbalife LTD. during the second quarter valued at approximately $106,000. MAVEN SECURITIES Ltd acquired a new stake in Herbalife LTD. during the first quarter valued at approximately $146,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Herbalife LTD. by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the company’s stock valued at $180,000 after buying an additional 268 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in Herbalife LTD. during the first quarter valued at approximately $201,000. Finally, The Manufacturers Life Insurance Company increased its stake in Herbalife LTD. by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 2,821 shares of the company’s stock valued at $201,000 after buying an additional 189 shares during the period.

Herbalife LTD. Company Profile

Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.

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