Herbalife Ltd (NYSE: HLF) Share Price Might Move Down By -35.07%

In today’s recent session, 0.76 million shares of the Herbalife Ltd (NYSE:HLF) have been traded, and its beta is 1.18. Most recently the company’s share price was $8.22, and it changed around $0.5 or 6.48% from the last close, which brings the market valuation of the company to $828.51M. HLF at last check was trading at a discount to its 52-week high of $15.66, offering almost -90.51% off that amount. The share price’s 52-week low was $6.59, which indicates that the recent value has risen by an impressive 19.83% since then. We note from Herbalife Ltd’s average daily trading volume that its 10-day average is 2.17 million shares, with the 3-month average coming to 1.99 million.

Herbalife Ltd stock received a consensus recommendation rating of Hold, based on a mean score of 2.57. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended HLF as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight.

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Herbalife Ltd (NYSE:HLF) trade information

Instantly HLF has been showing a green trend so far today with a performance of 6.48% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.49 on recent trading dayincreased the stock’s daily price by 3.18%. The company’s shares are currently down -46.13% year-to-date, but still up 0.24% over the last five days. On the other hand, Herbalife Ltd (NYSE:HLF) is 20.70% up in the 30-day period. We can see from the shorts that 13.04 million shares have been sold at a short interest cover period of 6.81 day(s).

The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to increase their stock price by 25.27% from its current value. Analyst projections state that HLF is forecast to be at a low of $9.5 and a high of $36.

Herbalife Ltd (HLF) estimates and forecasts

Herbalife Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -27.13 percent over the past six months and at a -31.67% annual growth rate that is well above the industry average of -38.80%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -6.48%. Herbalife Ltd earnings are expected to increase by -21.58% in 2024, but the outlook is positive 18.95% per year for the next five years.

HLF Dividends

Herbalife Ltd’s next quarterly earnings report is expected to be released in December. The average dividend yield for the past five years averaged 1.7 per year.

Herbalife Ltd (NYSE:HLF)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.77% of Herbalife Ltd shares, and 108.94% of them are in the hands of institutional investors. The stock currently has a share float of 110.90%. Herbalife Ltd stock is held by 272.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 10.3538% of the shares, which is about 10.42 million shares worth $108.22 million.

WINDACRE PARTNERSHIP LLC, with 8.6516% or 8.7 million shares worth $90.43 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Jun 30, 2024. The former held 2.95 shares worth $24.28 million, making up 2.93% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 2.58 shares worth around $21.19 million, which represents about 2.56% of the total shares outstanding.