Herbalife (NYSE:HLF) Shares Gap Down – What’s Next?

Herbalife Ltd (NYSE:HLF) gapped down before the market opened on Monday . The stock had previously closed at $12.43, but opened at $11.33. Herbalife shares last traded at $10.8860, with a volume of 658,243 shares.

Analyst Upgrades and Downgrades

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

Herbalife Stock Performance

The business has a 50 day moving average of $12.43 and a two-hundred day moving average of $14.01. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 6.99, a P/E/G ratio of 0.40 and a beta of 0.87.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). Herbalife had a net margin of 3.16% and a negative return on equity of 43.90%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that Herbalife Ltd will post 2.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HLF. Caitong International Asset Management Co. Ltd bought a new position in shares of Herbalife in the fourth quarter valued at $32,000. KBC Group NV acquired a new position in shares of Herbalife during the first quarter valued at about $44,000. Advisory Services Network LLC bought a new stake in shares of Herbalife during the third quarter worth about $65,000. Quarry LP increased its position in shares of Herbalife by 49,105.3% during the third quarter. Quarry LP now owns 9,349 shares of the company’s stock worth $79,000 after acquiring an additional 9,330 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Herbalife by 512.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the company’s stock worth $84,000 after acquiring an additional 5,476 shares during the last quarter.

Herbalife Company Profile

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.