Herbalife (NYSE:HLF) Sets New 52-Week Low – Should You Sell?

Herbalife Ltd. (NYSE:HLF)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $5.26 and last traded at $5.30, with a volume of 2564254 shares. The stock had previously closed at $5.46.

Analyst Ratings Changes

A number of equities analysts recently commented on HLF shares. StockNews.com raised shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. B. Riley lowered their price objective on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Citigroup lowered their price objective on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Mizuho boosted their price objective on shares of Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, DA Davidson reduced their price target on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.90.

Herbalife Stock Performance

The stock has a market cap of $546.79 million, a P/E ratio of 6.38, a price-to-earnings-growth ratio of 0.18 and a beta of 1.15. The firm’s 50 day moving average is $6.76 and its 200 day moving average is $7.68.

Institutional Trading of Herbalife

Several large investors have recently bought and sold shares of HLF. Exchange Traded Concepts LLC boosted its holdings in shares of Herbalife by 3.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 44,790 shares of the company’s stock valued at $300,000 after acquiring an additional 1,636 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Herbalife by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,311 shares of the company’s stock valued at $533,000 after acquiring an additional 1,660 shares during the last quarter. Cinctive Capital Management LP boosted its holdings in shares of Herbalife by 3.6% in the 3rd quarter. Cinctive Capital Management LP now owns 92,138 shares of the company’s stock valued at $662,000 after acquiring an additional 3,170 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Herbalife by 6.1% in the 4th quarter. Inspire Investing LLC now owns 59,879 shares of the company’s stock valued at $401,000 after acquiring an additional 3,458 shares during the last quarter. Finally, Avaii Wealth Management LLC boosted its holdings in shares of Herbalife by 12.4% in the 3rd quarter. Avaii Wealth Management LLC now owns 39,264 shares of the company’s stock valued at $282,000 after acquiring an additional 4,347 shares during the last quarter.

Herbalife Company Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.