Brokerages Set Herbalife Ltd (NYSE:HLF) PT at $17.00

Shares of Herbalife Ltd (NYSE:HLF) have earned an average recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $17.00.

HLF has been the subject of several research reports. Wall Street Zen downgraded shares of Herbalife from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Citigroup reissued a “buy” rating and set a $17.00 target price (down from $21.00) on shares of Herbalife in a research note on Friday, August 7th. Finally, Weiss Ratings cut shares of Herbalife from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 24th.

Hedge Funds Weigh In On Herbalife

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in shares of Herbalife by 236.8% in the first quarter. AQR Capital Management LLC now owns 133,245 shares of the company’s stock worth $1,150,000 after acquiring an additional 93,686 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Herbalife by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,964 shares of the company’s stock worth $517,000 after purchasing an additional 2,523 shares during the period. Empowered Funds LLC raised its position in Herbalife by 12.9% in the 1st quarter. Empowered Funds LLC now owns 30,301 shares of the company’s stock valued at $261,000 after purchasing an additional 3,474 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Herbalife by 3.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,904 shares of the company’s stock valued at $1,820,000 after purchasing an additional 6,747 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Herbalife in the 2nd quarter valued at $118,000.

Herbalife Price Performance

NYSE HLF opened at $12.17 on Friday. The firm’s 50-day moving average is $12.39 and its two-hundred day moving average is $13.88. Herbalife has a 12 month low of $7.56 and a 12 month high of $20.40. The stock has a market capitalization of $1.28 billion, a P/E ratio of 7.85, a PEG ratio of 0.40 and a beta of 0.85.

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

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.