During the last session, Herbalife Ltd. (NYSE:HLF)’s traded shares were 2.08 million, with the beta value of the company hitting 1.14. At the end of the trading day, the stock’s price was $11.47, reflecting an intraday loss of -5.21% or -$0.63. The 52-week high for the HLF share is $30.65, that puts it down -167.22 from that peak though still a striking -4.97% loss since the share price plummeted to a 52-week low of $12.04. The company’s market capitalization is $1.15B, and the average intraday trading volume over the past 10 days was 1.7 million shares, and the average trade volume was 1.29 million shares over the past three months.
Herbalife Ltd. (HLF) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.60. HLF has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.69.
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Herbalife Ltd. (NYSE:HLF) trade information
Herbalife Ltd. (HLF) registered a -5.21% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.21% in intraday trading to $11.47 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -15.48%, and it has moved by -21.17% in 30 days. Based on these gigs, the overall price performance for the year is -43.99%. The short interest in Herbalife Ltd. (NYSE:HLF) is 11.72 million shares and it means that shorts have 8.65 day(s) to cover.
The consensus price target of analysts on Wall Street is $23.67, which implies an increase of 51.54% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12.00 and $31.00 respectively. As a result, HLF is trading at a discount of -170.27% off the target high and -4.62% off the low.
Herbalife Ltd. (HLF) estimates and forecasts
Statistics show that Herbalife Ltd. has underperformed its competitors in share price, compared to the industry in which it operates. Herbalife Ltd. (HLF) shares have gone down -31.40% during the last six months, with a year-to-date growth rate less than the industry average at -33.53% against -23.90. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -28.10% this quarter and then drop -15.40% in the quarter after that. In the rating firms’ projections, revenue will decrease -5.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.26 billion as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $1.21 billion by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.39 billion and $1.3 billion respectively. In this case, analysts expect current quarter sales to shrink by -9.20% and then drop by -6.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 7.80%. While earnings are projected to return -21.80% in 2023, the next five years will return -0.50% per annum.
Herbalife Ltd. is due to release its next quarterly earnings between July 31 and August 04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Herbalife Ltd. (NYSE:HLF)’s Major holders
Herbalife Ltd. insiders own 2.16% of total outstanding shares while institutional holders control 107.92%, with the float percentage being 110.30%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 316 institutions own stock in it. As of Mar 30, 2023, the company held over 12.3 million shares (or 12.44% of all shares), a total value of $198.07 million in shares.
The next largest institutional holding, with 10.85 million shares, is of Route One Investment Company, L.P.’s that is approximately 10.96% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $174.62 million.
Also, the Mutual Funds coming in first place with the largest holdings of Herbalife Ltd. (HLF) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 2.98 million shares. This amounts to just over 3.02 percent of the company’s overall shares, with a $44.39 million market value. The same data shows that the other fund manager holds slightly less at 2.52 million, or about 2.55% of the stock, which is worth about $37.52 million.