Herbalife (NYSE:HLF) Stock Price Up 4.4% – Time to Buy?

Shares of Herbalife Ltd (NYSE:HLF) were up 4.4% during mid-day trading on Thursday . The company traded as high as $9.79 and last traded at $9.6260. Approximately 2,154,590 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 1,973,778 shares. The stock had previously closed at $9.22.

Analyst Ratings Changes

Several research firms recently commented on HLF. Mizuho upped their price objective on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Wall Street Zen cut Herbalife from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Herbalife in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $11.33.

Herbalife Stock Up 4.4%

The stock has a market cap of $994.47 million, a PE ratio of 3.04, a PEG ratio of 0.24 and a beta of 0.87. The stock’s fifty day moving average price is $8.79 and its 200 day moving average price is $8.72.

Herbalife (NYSE:HLF) last released its quarterly earnings data 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 analysts’ expectations of $1.27 billion. Herbalife had a negative return on equity of 27.36% and a net margin of 6.59%.The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 EPS. Herbalife has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts expect that Herbalife Ltd will post 1.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Herbalife

A number of hedge funds have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd purchased a new stake in Herbalife during the second quarter valued at approximately $531,000. Readystate Asset Management LP grew its position in shares of Herbalife by 748.1% during the 1st quarter. Readystate Asset Management LP now owns 114,495 shares of the company’s stock valued at $988,000 after acquiring an additional 100,995 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Herbalife by 13.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,057,219 shares of the company’s stock worth $26,384,000 after purchasing an additional 360,659 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in Herbalife by 516.9% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 179,871 shares of the company’s stock worth $1,552,000 after purchasing an additional 150,715 shares during the period. Finally, Tenzing Global Management LLC bought a new stake in Herbalife during the first quarter valued at about $6,904,000.

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.