Herbalife Nutrition (NYSE:HLF) Stock Rating Lowered by Zacks Investment Research

Herbalife Nutrition (NYSE:HLF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “Herbalife is a global network marketing company offering a range of science-based weight management products, nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle. “

Several other equities research analysts have also commented on HLF. Pivotal Research reaffirmed a “buy” rating and set a $65.00 price target (down previously from $75.00) on shares of Herbalife Nutrition in a research report on Friday, August 2nd. Royal Bank of Canada reaffirmed a “hold” rating and set a $10.00 price target on shares of Herbalife Nutrition in a research report on Thursday, August 8th. ValuEngine raised shares of Herbalife Nutrition from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Pi Financial raised shares of Herbalife Nutrition from a “neutral” rating to a “buy” rating and upped their price target for the company from $8.75 to $12.75 in a research report on Thursday, August 8th. Finally, Citigroup reduced their price target on shares of Herbalife Nutrition from $66.00 to $57.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $49.25.

NYSE HLF opened at $35.09 on Wednesday. Herbalife Nutrition has a 52 week low of $35.01 and a 52 week high of $61.77. The firm has a market capitalization of $5.52 billion, a P/E ratio of 12.18 and a beta of 0.43. The company has a 50-day moving average price of $39.89 and a 200-day moving average price of $48.20.

Herbalife Nutrition (NYSE:HLF) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.05). Herbalife Nutrition had a net margin of 6.05% and a negative return on equity of 58.68%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the company earned $0.80 EPS. Herbalife Nutrition’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, analysts forecast that Herbalife Nutrition will post 2.61 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Deccan Value Investors L.P. increased its holdings in Herbalife Nutrition by 60.5% in the 2nd quarter. Deccan Value Investors L.P. now owns 9,738,033 shares of the company’s stock worth $416,398,000 after acquiring an additional 3,671,203 shares in the last quarter. BlackRock Inc. grew its holdings in Herbalife Nutrition by 18.6% during the 2nd quarter. BlackRock Inc. now owns 6,687,299 shares of the company’s stock valued at $285,951,000 after buying an additional 1,048,235 shares in the last quarter. APG Asset Management N.V. grew its holdings in Herbalife Nutrition by 14.4% during the 2nd quarter. APG Asset Management N.V. now owns 3,822,500 shares of the company’s stock valued at $143,528,000 after buying an additional 480,400 shares in the last quarter. Bank of America Corp DE grew its holdings in Herbalife Nutrition by 13.0% during the 2nd quarter. Bank of America Corp DE now owns 2,814,007 shares of the company’s stock valued at $120,327,000 after buying an additional 323,899 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Herbalife Nutrition by 41.9% during the 1st quarter. Acadian Asset Management LLC now owns 2,426,254 shares of the company’s stock valued at $128,572,000 after buying an additional 716,942 shares in the last quarter. 93.72% of the stock is owned by institutional investors.

Herbalife Nutrition Company Profile

Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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