BidaskClub Downgrades Herbalife LTD. (HLF) to Buy

BidaskClub lowered shares of Herbalife LTD. (NYSE:HLF) from a strong-buy rating to a buy rating in a research report sent to investors on Monday, July 24th.

Other research analysts have also issued research reports about the company. Pivotal Research reissued a buy rating and set a $120.00 price objective on shares of Herbalife LTD. in a report on Thursday, July 20th. Tigress Financial reissued a buy rating on shares of Herbalife LTD. in a report on Tuesday, June 6th. Citigroup Inc. boosted their price objective on Herbalife LTD. from $66.00 to $74.00 and gave the stock a neutral rating in a report on Wednesday, May 31st. Zacks Investment Research lowered Herbalife LTD. from a strong-buy rating to a hold rating in a report on Tuesday, July 4th. Finally, TheStreet raised Herbalife LTD. from a c rating to a b- rating in a research note on Monday, April 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $83.00.

Herbalife LTD. (NYSE HLF) opened at 61.95 on Monday. The stock has a 50 day moving average of $68.50 and a 200-day moving average of $64.45. The company has a market cap of $5.59 billion, a PE ratio of 13.03 and a beta of 1.20. Herbalife LTD. has a 12-month low of $47.62 and a 12-month high of $74.49.

Herbalife LTD. (NYSE:HLF) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.41. Herbalife LTD. had a return on equity of 216.82% and a net margin of 9.28%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. Herbalife LTD.’s revenue was down 4.6% on a year-over-year basis. On average, equities research analysts anticipate that Herbalife LTD. will post $4.71 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in shares of Herbalife LTD. during the fourth quarter valued at about $364,000. Pekin Singer Strauss Asset Management IL increased its stake in shares of Herbalife LTD. by 62.8% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 451,169 shares of the company’s stock valued at $21,719,000 after buying an additional 173,988 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Herbalife LTD. by 4.2% in the first quarter. Legal & General Group Plc now owns 364,589 shares of the company’s stock valued at $21,198,000 after buying an additional 14,755 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Herbalife LTD. by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 409,422 shares of the company’s stock valued at $19,711,000 after buying an additional 14,017 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of Herbalife LTD. during the first quarter valued at $2,004,000.

About Herbalife LTD.

Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.

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