Helen of Troy Limited (NASDAQ:HELE) Short Interest Update

Helen of Troy Limited (NASDAQ:HELE) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 2,140,000 shares, a decline of 5.7% from the December 15th total of 2,270,000 shares. Currently, 9.5% of the shares of the company are short sold. Based on an average daily volume of 490,600 shares, the short-interest ratio is currently 4.4 days.

Hedge Funds Weigh In On Helen of Troy

Several large investors have recently added to or reduced their stakes in HELE. Victory Capital Management Inc. raised its holdings in Helen of Troy by 13.9% during the second quarter. Victory Capital Management Inc. now owns 8,393 shares of the company’s stock valued at $778,000 after acquiring an additional 1,026 shares during the period. American Century Companies Inc. raised its stake in Helen of Troy by 23.1% during the 2nd quarter. American Century Companies Inc. now owns 38,401 shares of the company’s stock valued at $3,561,000 after purchasing an additional 7,205 shares during the period. Dimensional Fund Advisors LP raised its stake in Helen of Troy by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,414 shares of the company’s stock valued at $106,970,000 after purchasing an additional 102,767 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in Helen of Troy in the 2nd quarter worth approximately $270,000. Finally, Seven Eight Capital LP purchased a new stake in Helen of Troy during the 2nd quarter valued at approximately $1,337,000.

Helen of Troy Trading Down 2.2 %

NASDAQ:HELE opened at $64.44 on Friday. Helen of Troy has a one year low of $48.05 and a one year high of $127.83. The business has a fifty day moving average price of $65.77 and a 200-day moving average price of $62.46. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.92 and a quick ratio of 0.85.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings data on Wednesday, January 8th. The company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.60 by $0.07. Helen of Troy had a return on equity of 9.13% and a net margin of 6.05%. The firm had revenue of $530.70 million for the quarter, compared to the consensus estimate of $532.91 million. During the same quarter last year, the company earned $2.79 earnings per share. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. Sell-side analysts forecast that Helen of Troy will post 6.45 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group lowered their price target on Helen of Troy from $79.00 to $69.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Canaccord Genuity Group reissued a “buy” rating and issued a $84.00 target price on shares of Helen of Troy in a research report on Monday, October 7th. Finally, DA Davidson upped their price target on shares of Helen of Troy from $71.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, November 25th.

About Helen of Troy

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.