Herbalife (NYSE:HLF) Reaches New 1-Year Low – What’s Next?

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

Wall Street Analyst Weigh In

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

Herbalife Price Performance

The stock has a market cap of $533.68 million, a P/E ratio of 6.23, a P/E/G ratio of 0.18 and a beta of 1.15. The company has a fifty day moving average price of $6.93 and a 200 day moving average price of $7.78.

Institutional Investors Weigh In On Herbalife

Several institutional investors have recently added to or reduced their stakes in HLF. Iridian Asset Management LLC CT lifted its holdings in shares of Herbalife by 43.7% in the third quarter. Iridian Asset Management LLC CT now owns 2,228,193 shares of the company’s stock worth $16,021,000 after buying an additional 677,739 shares in the last quarter. Perpetual Ltd increased its stake in Herbalife by 107.1% in the 4th quarter. Perpetual Ltd now owns 966,063 shares of the company’s stock worth $6,463,000 after purchasing an additional 499,572 shares during the period. Hotchkis & Wiley Capital Management LLC grew 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 worth $16,448,000 after acquiring an additional 384,100 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted 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 worth $11,066,000 after buying an additional 206,530 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Herbalife by 6.9% during 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 purchasing an additional 160,792 shares in the last quarter.

About Herbalife

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.