Herbalife (NYSE:HLF) Stock Price Up 5.2% – Here’s What Happened

Shares of Herbalife Ltd (NYSE:HLF) shot up 5.2% during trading on Tuesday . The company traded as high as $11.72 and last traded at $11.5610. Approximately 288,357 shares were traded during trading, a decline of 82% from the average daily volume of 1,564,411 shares. The stock had previously closed at $10.99.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HLF shares. Citigroup reiterated a “buy” rating and issued a $17.00 price objective (down from $21.00) on shares of Herbalife in a report on Friday, August 7th. Wall Street Zen downgraded Herbalife from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Mizuho set a $17.00 price target on Herbalife in a research note on Monday, May 4th. Finally, Weiss Ratings lowered Herbalife from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Herbalife has a consensus rating of “Hold” and an average price target of $17.00.

Herbalife Stock Up 4.0%

The stock has a market capitalization of $1.20 billion, a P/E ratio of 7.41, a PEG ratio of 0.40 and a beta of 0.87. The firm’s 50-day simple moving average is $12.41 and its 200 day simple moving average is $13.97.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.03). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Herbalife had a net margin of 3.16% and a negative return on equity of 43.90%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. As a group, equities analysts anticipate that Herbalife Ltd will post 2.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LP increased its holdings in shares of Herbalife by 697.8% in the second quarter. Corient Private Wealth LP now owns 179,125 shares of the company’s stock valued at $2,355,000 after buying an additional 156,672 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Herbalife during the 2nd quarter worth $1,372,000. California State Teachers Retirement System grew its holdings in shares of Herbalife by 1,231.9% in the 2nd quarter. California State Teachers Retirement System now owns 1,564,074 shares of the company’s stock worth $20,568,000 after acquiring an additional 1,446,645 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Herbalife in the 2nd quarter worth $329,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Herbalife during the second quarter worth $469,000.

About Herbalife

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.