Helen of Troy (NASDAQ:HELE) Lowered to Hold at StockNews.com

Helen of Troy (NASDAQ:HELE) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Several other equities research analysts have also recently commented on HELE. Canaccord Genuity Group lowered their price target on Helen of Troy from $137.00 to $84.00 and set a “buy” rating for the company in a research note on Wednesday. DA Davidson cut Helen of Troy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $139.00 to $67.00 in a research note on Wednesday. Finally, UBS Group lowered their price target on Helen of Troy from $100.00 to $72.00 and set a “neutral” rating for the company in a research note on Wednesday.

Helen of Troy Price Performance

Shares of HELE opened at $64.48 on Wednesday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 1.38 and a beta of 0.84. Helen of Troy has a fifty-two week low of $60.00 and a fifty-two week high of $143.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.87 and a quick ratio of 0.99. The business’s 50-day moving average is $98.27 and its 200-day moving average is $108.99.

Helen of Troy (NASDAQ:HELE) last issued its earnings results on Tuesday, July 9th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.60). The business had revenue of $416.80 million during the quarter, compared to analyst estimates of $445.85 million. Helen of Troy had a net margin of 8.41% and a return on equity of 11.65%. Helen of Troy’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 EPS. Equities research analysts expect that Helen of Troy will post 8.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Helen of Troy

A number of large investors have recently added to or reduced their stakes in HELE. Capital Research Global Investors raised its stake in shares of Helen of Troy by 6.9% in the fourth quarter. Capital Research Global Investors now owns 1,761,029 shares of the company’s stock valued at $212,750,000 after purchasing an additional 114,215 shares in the last quarter. M&T Bank Corp raised its stake in Helen of Troy by 14.8% during the fourth quarter. M&T Bank Corp now owns 18,378 shares of the company’s stock worth $2,220,000 after acquiring an additional 2,370 shares in the last quarter. Seven Eight Capital LP acquired a new position in Helen of Troy during the fourth quarter worth $486,000. Anchor Capital Advisors LLC raised its stake in Helen of Troy by 18.8% during the fourth quarter. Anchor Capital Advisors LLC now owns 10,376 shares of the company’s stock worth $1,254,000 after acquiring an additional 1,640 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Helen of Troy by 13.7% during the third quarter. Wellington Management Group LLP now owns 85,303 shares of the company’s stock worth $9,943,000 after acquiring an additional 10,294 shares in the last quarter.

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.