Herbalife (NYSE:HLF) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Herbalife Ltd (NYSE:HLF) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.45 and traded as high as $8.89. Herbalife shares last traded at $8.74, with a volume of 1,168,918 shares.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Herbalife in a research report on Wednesday, October 8th. Wall Street Zen downgraded Herbalife from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Finally, Mizuho upped their target price on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.50.

Herbalife Stock Performance

The company has a market capitalization of $900.67 million, a PE ratio of 2.76, a price-to-earnings-growth ratio of 0.26 and a beta of 0.87. The firm’s 50-day simple moving average is $9.16 and its 200 day simple moving average is $8.45.

Herbalife (NYSE:HLF) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.59 EPS for the quarter, beating the consensus estimate 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 business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share. As a group, equities analysts anticipate that Herbalife Ltd will post 1.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HLF. Teacher Retirement System of Texas acquired a new stake in shares of Herbalife in the first quarter valued at approximately $1,388,000. Nisa Investment Advisors LLC raised its holdings in shares of Herbalife by 8,851.2% in the first quarter. Nisa Investment Advisors LLC now owns 75,996 shares of the company’s stock worth $656,000 after acquiring an additional 75,147 shares during the last quarter. Iridian Asset Management LLC CT boosted its stake in shares of Herbalife by 10.7% during the first quarter. Iridian Asset Management LLC CT now owns 2,775,430 shares of the company’s stock valued at $23,952,000 after acquiring an additional 267,690 shares during the last quarter. Cerity Partners LLC acquired a new position in Herbalife in the 1st quarter valued at about $108,000. Finally, Diversify Wealth Management LLC boosted its stake in shares of Herbalife by 40.9% during the 1st quarter. Diversify Wealth Management LLC now owns 270,601 shares of the company’s stock worth $2,335,000 after purchasing an additional 78,530 shares during 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.