Herbalife Ltd (NYSE:HLF) Stock Has Consensus Price Target of $17.67

Shares of Herbalife Ltd (NYSE:HLF) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $17.67.

Several equities research analysts have recently weighed in on HLF shares. Wall Street Zen cut shares of Herbalife from a “buy” rating to a “hold” rating in a research report on Sunday. Texas Capital raised shares of Herbalife to a “strong-buy” rating in a report on Thursday, September 17th. UBS Group set a $21.00 price objective on shares of Herbalife in a research note on Thursday, September 17th. Weiss Ratings lowered Herbalife from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 24th. Finally, Citigroup reaffirmed a “buy” rating and set a $17.00 target price (down from $21.00) on shares of Herbalife in a research report on Friday, August 7th.

Institutional Investors Weigh In On Herbalife

A number of hedge funds have recently made changes to their positions in the stock. KBC Group NV purchased a new position in Herbalife in the first quarter valued at about $44,000. EverSource Wealth Advisors LLC raised its holdings in Herbalife by 512.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the company’s stock worth $84,000 after purchasing an additional 5,476 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Herbalife during the fourth quarter valued at about $114,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Herbalife during the first quarter valued at about $152,000. Finally, Tidal Investments LLC bought a new stake in shares of Herbalife in the 2nd quarter valued at about $140,000.

Herbalife Trading Up 2.9%

Shares of Herbalife stock opened at $12.57 on Tuesday. The stock’s fifty day moving average price is $12.19 and its 200-day moving average price is $13.25. The firm has a market cap of $1.32 billion, a P/E ratio of 8.11, a P/E/G ratio of 0.42 and a beta of 0.85. Herbalife has a 12 month low of $7.56 and a 12 month high of $20.40.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Herbalife had a negative return on equity of 43.90% and a net margin of 3.16%.The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. Analysts forecast that Herbalife will post 2.68 earnings per share for the current year.

Herbalife declared that its board has approved a stock buyback program on Tuesday, September 8th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 19.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

About Herbalife

Herbalife Ltd. (NYSE: HLF) is a global nutrition and wellness company that develops and sells products through a network of independent distributors. Its offerings are designed to support weight management, balanced nutrition, energy, sports performance and personal care.

The company’s product portfolio includes meal-replacement shakes, protein and fiber products, dietary supplements, vitamins, herbal teas, sports nutrition products and skin- and body-care items. Herbalife distributes its products in markets around the world, including North America, Latin America, Europe, Asia-Pacific and Africa, primarily through direct selling and independent members who provide product information and personalized support to consumers.

Herbalife was founded in 1980 by Mark Hughes and has since expanded from a primarily weight-management business into a broader nutrition and wellness enterprise.