Herbalife (NYSE:HLF) Reaches New 12-Month High – Here’s What Happened

Herbalife Ltd (NYSE:HLF) reached a new 52-week high on Wednesday . The stock traded as high as $13.43 and last traded at $13.2450, with a volume of 1329151 shares. The stock had previously closed at $12.57.

Analyst Ratings Changes

A number of research firms have issued reports on HLF. Wall Street Zen raised Herbalife from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Mizuho increased their price objective on Herbalife from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Citigroup restated a “buy” rating and issued a $17.00 price objective (up previously from $11.00) on shares of Herbalife in a research note on Friday. Argus set a $15.00 target price on shares of Herbalife in a research note on Wednesday, November 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Herbalife in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Herbalife currently has an average rating of “Moderate Buy” and an average price target of $14.25.

Herbalife Trading Up 3.8%

The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 4.69, a PEG ratio of 0.42 and a beta of 0.82. The company has a 50 day moving average price of $9.87 and a 200 day moving average price of $9.32.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Herbalife had a negative return on equity of 29.84% and a net margin of 6.47%.The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Equities analysts predict that Herbalife Ltd will post 1.57 earnings per share for the current year.

Insider Transactions at Herbalife

In other Herbalife news, Director Lynda Cloud bought 17,000 shares of Herbalife stock in a transaction dated Tuesday, November 18th. The shares were bought at an average price of $8.97 per share, with a total value of $152,490.00. Following the purchase, the director owned 38,857 shares of the company’s stock, valued at $348,547.29. This trade represents a 77.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders have bought 18,200 shares of company stock worth $167,938. Corporate insiders own 1.73% of the company’s stock.

Hedge Funds Weigh In On Herbalife

Institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC acquired a new stake in shares of Herbalife in the 2nd quarter valued at approximately $29,000. Aster Capital Management DIFC Ltd bought a new stake in Herbalife in the third quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd raised its holdings in Herbalife by 4,406.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,912 shares of the company’s stock worth $42,000 after purchasing an additional 4,803 shares during the period. GAMMA Investing LLC boosted its position in shares of Herbalife by 115.6% during the third quarter. GAMMA Investing LLC now owns 7,024 shares of the company’s stock worth $59,000 after purchasing an additional 3,766 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Herbalife during the third quarter worth $65,000.

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.