Herbalife (NYSE:HLF) Stock Price Target Raised at Argus

Herbalife (NYSE:HLF) had its price target lifted by Argus from $15.00 to $20.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also issued reports on HLF. Weiss Ratings upgraded shares of Herbalife from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, November 4th. Zacks Research cut shares of Herbalife from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 29th. Texas Capital raised shares of Herbalife to a “strong-buy” rating in a research report on Thursday, September 17th. Citigroup restated a “buy” rating and issued a $17.00 target price (down from $21.00) on shares of Herbalife in a research note on Friday, August 7th. Finally, Wall Street Zen raised shares of Herbalife from a “hold” rating to a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Herbalife Stock Performance

Shares of NYSE:HLF opened at $15.54 on Wednesday. The company has a market cap of $1.63 billion, a P/E ratio of 6.96, a PEG ratio of 0.49 and a beta of 0.74. Herbalife has a one year low of $8.65 and a one year high of $20.40. The business’s 50-day simple moving average is $13.16 and its 200 day simple moving average is $13.94.

Herbalife (NYSE:HLF) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Herbalife had a negative return on equity of 52.54% and a net margin of 3.41%. Herbalife’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 EPS. Analysts predict that Herbalife will post 2.68 earnings per share for the current year.

Herbalife announced that its Board of Directors has initiated a share buyback program on Tuesday, September 8th that allows the company to buy back $250 million in shares. This buyback authorization allows the company to reacquire up to 19.3% of its shares through open market purchases. Share buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in Herbalife by 12.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,366 shares of the company’s stock valued at $108,000 after purchasing an additional 822 shares in the last quarter. Signaturefd LLC raised its position in shares of Herbalife by 135.1% in the 3rd quarter. Signaturefd LLC now owns 2,222 shares of the company’s stock valued at $27,000 after purchasing an additional 1,277 shares in the last quarter. Pekin Hardy Strauss Inc. raised its position in shares of Herbalife by 0.7% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 316,170 shares of the company’s stock valued at $3,835,000 after purchasing an additional 2,176 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of Herbalife by 3.6% in the 3rd quarter. SummerHaven Investment Management LLC now owns 77,769 shares of the company’s stock valued at $943,000 after purchasing an additional 2,700 shares in the last quarter. Finally, KBC Group NV purchased a new position in shares of Herbalife during the 1st quarter valued at approximately $44,000.

Herbalife Company Profile

Herbalife Ltd. is a global nutrition company that develops and sells products focused on nutrition, weight management, fitness and personal care. Its offerings include meal-replacement shakes, protein products, dietary supplements, teas and sports-nutrition products. Founded in 1980 by Mark Hughes, Herbalife sells its products through a network of independent distributors who also provide product information and support to customers. The company serves customers in markets around the world and is headquartered in Los Angeles, California.