Herbalife (NYSE:HLF) Stock Price Down 13% – What’s Next?

Herbalife Ltd (NYSE:HLF) shares dropped 13% during mid-day trading on Thursday . The company traded as low as $14.71 and last traded at $14.31. Approximately 250,208 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 1,479,147 shares. The stock had previously closed at $16.44.

Wall Street Analyst Weigh In

HLF has been the subject of a number of recent research reports. Zacks Research cut Herbalife from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Mizuho set a $17.00 price target on Herbalife in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Herbalife in a report on Thursday, January 22nd. Royal Bank Of Canada dropped their price target on Herbalife from $17.00 to $16.00 and set a “sector perform” rating for the company in a report on Tuesday, April 28th. Finally, Citigroup reaffirmed a “buy” rating and set a $21.00 price target (up from $17.00) on shares of Herbalife in a report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.80.

Herbalife Trading Down 12.1%

The stock has a fifty day moving average of $16.02 and a two-hundred day moving average of $14.23. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 0.97 and a beta of 0.98.

Herbalife (NYSE:HLF) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.09. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Herbalife had a negative return on equity of 35.02% and a net margin of 4.53%.The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. Equities analysts expect that Herbalife Ltd will post 2.52 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Optimize Financial Inc bought a new position in Herbalife in the 3rd quarter valued at $511,000. Iridian Asset Management LLC CT boosted its position in Herbalife by 9.9% in the 3rd quarter. Iridian Asset Management LLC CT now owns 2,449,155 shares of the company’s stock valued at $20,671,000 after buying an additional 220,896 shares during the last quarter. CenterBook Partners LP bought a new position in Herbalife in the 3rd quarter valued at $368,000. GSA Capital Partners LLP bought a new position in Herbalife in the 3rd quarter valued at $911,000. Finally, Picton Mahoney Asset Management bought a new position in Herbalife in the 3rd quarter valued at $898,000.

Herbalife Company Profile

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.