Herbalife’s (HLF) Neutral Rating Reiterated at DA Davidson

DA Davidson reiterated their neutral rating on shares of Herbalife (NYSE:HLF) in a research note issued to investors on Thursday,Benzinga reports. DA Davidson currently has a $7.50 price target on the stock.

Other equities analysts have also recently issued reports about the stock. B. Riley dropped 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. Citigroup dropped their price objective 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. StockNews.com raised shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Mizuho lifted 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 issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.90.

Herbalife Stock Performance

HLF opened at $8.27 on Thursday. Herbalife has a fifty-two week low of $5.04 and a fifty-two week high of $12.79. The stock has a market capitalization of $836.72 million, a price-to-earnings ratio of 3.32, a PEG ratio of 0.29 and a beta of 1.15. The company has a fifty day moving average of $6.29 and a 200 day moving average of $7.21.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.28. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. On average, equities research analysts forecast that Herbalife will post 1.57 earnings per share for the current year.

Hedge Funds Weigh In On Herbalife

Large investors have recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in Herbalife by 641.5% during the 4th quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company’s stock valued at $29,000 after buying an additional 3,714 shares in the last quarter. R Squared Ltd bought a new stake in Herbalife during the 4th quarter valued at about $63,000. Van ECK Associates Corp lifted its holdings in Herbalife by 110.4% during the 4th 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 in the last quarter. Bridgefront Capital LLC bought a new stake in Herbalife during the 4th quarter valued at about $71,000. Finally, Headlands Technologies LLC lifted its holdings in Herbalife by 12,307.6% during the 4th quarter. Headlands Technologies LLC now owns 11,415 shares of the company’s stock valued at $76,000 after buying an additional 11,323 shares in 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.