Herbalife (NYSE:HLF) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen lowered shares of Herbalife (NYSE:HLF) from a strong-buy rating to a buy rating in a report published on Saturday morning.

Several other research analysts have also recently issued reports on HLF. Mizuho set a $17.00 target price on shares of Herbalife in a report on Monday, May 4th. Royal Bank Of Canada lowered their price target on shares of Herbalife from $17.00 to $16.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 28th. Zacks Research lowered shares of Herbalife from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Weiss Ratings raised shares of Herbalife from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.80.

Herbalife Stock Down 2.9%

Shares of NYSE:HLF opened at $12.01 on Friday. The business’s 50 day moving average is $12.37 and its 200 day moving average is $14.74. The stock has a market cap of $1.24 billion, a P/E ratio of 5.27, a price-to-earnings-growth ratio of 0.66 and a beta of 0.86. Herbalife has a 52-week low of $7.56 and a 52-week high of $20.40.

Herbalife (NYSE:HLF) last issued its earnings results on Wednesday, May 6th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Herbalife had a negative return on equity of 41.47% and a net margin of 4.67%.The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the company posted $0.59 EPS. Herbalife’s revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts anticipate that Herbalife will post 2.68 EPS for the current fiscal year.

Insider Activity

In other Herbalife news, insider Frank Lamberti sold 134,982 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $13.50, for a total value of $1,822,257.00. Following the completion of the sale, the insider directly owned 36,624 shares in the company, valued at approximately $494,424. This trade represents a 78.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Troy Hicks sold 38,377 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $12.93, for a total value of $496,214.61. Following the sale, the chief operating officer owned 9,062 shares in the company, valued at $117,171.66. The trade was a 80.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 191,296 shares of company stock worth $2,551,678 over the last ninety days. 5.13% of the stock is currently owned by corporate insiders.

Institutional Trading of Herbalife

Large investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new position in Herbalife during the 4th quarter valued at approximately $32,000. KBC Group NV acquired a new stake in shares of Herbalife during the first quarter worth $44,000. EverSource Wealth Advisors LLC grew its holdings in shares of Herbalife by 512.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the company’s stock valued at $84,000 after buying an additional 5,476 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Herbalife during the third quarter valued at $65,000. Finally, New York State Teachers Retirement System acquired a new position in shares of Herbalife in the 4th quarter valued at $119,000.

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.