Helen of Troy (NASDAQ:HELE) Shares Down 3.7% – Here’s What Happened

Helen of Troy Limited (NASDAQ:HELE)’s stock price fell 3.7% during mid-day trading on Tuesday . The stock traded as low as $51.75 and last traded at $51.05. 17,881 shares traded hands during trading, a decline of 96% from the average session volume of 483,372 shares. The stock had previously closed at $53.00.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HELE. DA Davidson raised their target price on Helen of Troy from $71.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. UBS Group decreased their price objective on Helen of Troy from $79.00 to $69.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, StockNews.com upgraded Helen of Troy from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th.

Helen of Troy Trading Down 4.3 %

The business has a 50-day moving average of $58.09 and a 200-day moving average of $62.13. The company has a quick ratio of 1.05, a current ratio of 1.92 and a debt-to-equity ratio of 0.45. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 1.80 and a beta of 0.90.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings results on Wednesday, January 8th. The company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.60 by $0.07. The business had revenue of $530.70 million during the quarter, compared to analysts’ expectations of $532.91 million. Helen of Troy had a return on equity of 9.13% and a net margin of 6.05%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.79 EPS. As a group, research analysts forecast that Helen of Troy Limited will post 6.46 earnings per share for the current year.

Institutional Investors Weigh In On Helen of Troy

A number of large investors have recently bought and sold shares of HELE. GAMMA Investing LLC lifted its position in shares of Helen of Troy by 96.0% in the fourth quarter. GAMMA Investing LLC now owns 484 shares of the company’s stock worth $29,000 after buying an additional 237 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Helen of Troy by 66.7% in the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Sterling Capital Management LLC boosted its position in Helen of Troy by 844.7% during the fourth quarter. Sterling Capital Management LLC now owns 718 shares of the company’s stock worth $43,000 after purchasing an additional 642 shares during the period. FNY Investment Advisers LLC acquired a new position in Helen of Troy during the fourth quarter valued at approximately $44,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Helen of Troy by 30.3% in the third quarter. Public Employees Retirement System of Ohio now owns 783 shares of the company’s stock valued at $48,000 after purchasing an additional 182 shares during the period.

Helen of Troy Company Profile

Helen of Troy Limited provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates in two segments: Home & Outdoor and Beauty & Wellness. The Home & Outdoor segment offers food storage containers, kitchen utensils for cooking and preparing salads, fruits, vegetables and meats, graters, slicers and choppers, baking essentials, kitchen organization, bath, cleaning, infant and toddler products, and coffee preparation tools and electronics; and insulated beverageware, including bottles, travel tumblers, drinkware, mugs, food and lunch containers, insulated totes, soft coolers, outdoor kitchenware, and accessories.