Herbalife (NYSE:HLF) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Herbalife Ltd (NYSE:HLF)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.43 and traded as high as $8.86. Herbalife shares last traded at $8.83, with a volume of 926,328 shares traded.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HLF. Wall Street Zen lowered shares of Herbalife from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Mizuho increased their price objective on shares of Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Herbalife in a report on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.50.

Herbalife Trading Up 0.4%

The company’s 50-day moving average price is $9.26 and its two-hundred day moving average price is $8.43. The company has a market cap of $909.95 million, a P/E ratio of 2.78, a price-to-earnings-growth ratio of 0.27 and a beta of 0.87.

Herbalife (NYSE:HLF) last issued its earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Herbalife had a net margin of 6.59% and a negative return on equity of 27.36%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. Equities analysts forecast that Herbalife Ltd will post 1.57 earnings per share for the current year.

Hedge Funds Weigh In On Herbalife

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of Herbalife by 115.6% in the 3rd quarter. GAMMA Investing LLC now owns 7,024 shares of the company’s stock valued at $59,000 after purchasing an additional 3,766 shares during the period. State of Wyoming boosted its holdings in shares of Herbalife by 56.5% in the second quarter. State of Wyoming now owns 69,920 shares of the company’s stock worth $603,000 after buying an additional 25,252 shares during the period. Sender Co & Partners Inc. acquired a new position in Herbalife in the 2nd quarter worth approximately $194,000. Solel Partners LP boosted its stake in Herbalife by 18.7% in the 2nd quarter. Solel Partners LP now owns 1,669,405 shares of the company’s stock worth $14,390,000 after purchasing an additional 262,614 shares during the period. Finally, Manatuck Hill Partners LLC acquired a new position in Herbalife in the 2nd quarter worth approximately $3,879,000.

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.