Herbalife (NYSE:HLF) Sets New 52-Week Low – Should You Sell?

Herbalife Ltd. (NYSE:HLF)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $5.26 and last traded at $5.30, with a volume of 2564254 shares trading hands. The stock had previously closed at $5.46.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. B. Riley lowered their price objective on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. DA Davidson decreased their price target on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, October 31st. StockNews.com raised shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Citigroup decreased their price target on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Mizuho increased their price target on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.90.

Herbalife Price Performance

The stock’s 50 day simple moving average is $6.76 and its two-hundred day simple moving average is $7.68. The firm has a market cap of $546.79 million, a P/E ratio of 6.38, a P/E/G ratio of 0.18 and a beta of 1.15.

Institutional Investors Weigh In On Herbalife

Institutional investors have recently made changes to their positions in the company. Iridian Asset Management LLC CT raised its position in shares of Herbalife by 43.7% during the 3rd quarter. Iridian Asset Management LLC CT now owns 2,228,193 shares of the company’s stock valued at $16,021,000 after purchasing an additional 677,739 shares during the period. Perpetual Ltd increased its holdings in Herbalife by 107.1% in the 4th quarter. Perpetual Ltd now owns 966,063 shares of the company’s stock valued at $6,463,000 after acquiring an additional 499,572 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Herbalife by 20.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,287,600 shares of the company’s stock valued at $16,448,000 after acquiring an additional 384,100 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Herbalife by 15.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,539,148 shares of the company’s stock valued at $11,066,000 after acquiring an additional 206,530 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Herbalife by 6.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,479,957 shares of the company’s stock valued at $17,831,000 after acquiring an additional 160,792 shares during the last quarter.

Herbalife Company Profile

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.