Helen of Troy (NASDAQ:HELE) Trading Down 6.5% – Here’s What Happened

Helen of Troy Limited (NASDAQ:HELE)’s stock price fell 6.5% on Tuesday . The company traded as low as $40.68 and last traded at $39.46. 96,103 shares were traded during mid-day trading, a decline of 81% from the average session volume of 504,862 shares. The stock had previously closed at $42.19.

Analyst Ratings Changes

A number of brokerages have commented on HELE. StockNews.com upgraded shares of Helen of Troy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. UBS Group cut their price objective on shares of Helen of Troy from $79.00 to $69.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th.

Helen of Troy Price Performance

The firm has a fifty day moving average of $52.65 and a two-hundred day moving average of $60.85. The company has a current ratio of 1.92, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $804.30 million, a PE ratio of 7.09, a PEG ratio of 1.80 and a beta of 0.89.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings data on Wednesday, January 8th. The company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $532.91 million. During the same quarter in the prior year, the firm posted $2.79 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. Research analysts anticipate that Helen of Troy Limited will post 6.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Helen of Troy

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Helen of Troy by 96.0% during the fourth quarter. GAMMA Investing LLC now owns 484 shares of the company’s stock valued at $29,000 after buying an additional 237 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Helen of Troy by 66.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Sterling Capital Management LLC increased its position in Helen of Troy by 844.7% during the 4th quarter. Sterling Capital Management LLC now owns 718 shares of the company’s stock valued at $43,000 after purchasing an additional 642 shares during the period. FNY Investment Advisers LLC bought a new position in Helen of Troy in the 4th quarter worth $44,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Helen of Troy by 30.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 783 shares of the company’s stock worth $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.