Helen of Troy (NASDAQ:HELE) Sees Strong Trading Volume

Helen of Troy Limited (NASDAQ:HELE) saw unusually-strong trading volume on Wednesday . Approximately 151,419 shares changed hands during trading, a decline of 50% from the previous session’s volume of 300,303 shares.The stock last traded at $62.48 and had previously closed at $64.33.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HELE shares. StockNews.com downgraded Helen of Troy from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group dropped their price objective on Helen of Troy from $100.00 to $72.00 and set a “neutral” rating for the company in a research note on Wednesday. Canaccord Genuity Group dropped their price objective on Helen of Troy from $137.00 to $84.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, DA Davidson downgraded Helen of Troy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $139.00 to $67.00 in a research note on Wednesday.

Helen of Troy Stock Up 4.4 %

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 firm has a 50-day simple moving average of $98.27 and a two-hundred day simple moving average of $108.99. The company has a market cap of $1.47 billion, a PE ratio of 10.11, a P/E/G ratio of 1.20 and a beta of 0.84.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings results on Tuesday, July 9th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.60). The company had revenue of $416.80 million for the quarter, compared to analysts’ expectations of $445.85 million. Helen of Troy had a return on equity of 10.25% and a net margin of 7.82%. The business’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 EPS. Research analysts anticipate that Helen of Troy Limited will post 6.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Helen of Troy

Hedge funds have recently bought and sold shares of the stock. Capital Research Global Investors increased its position in Helen of Troy by 6.9% during the fourth quarter. Capital Research Global Investors now owns 1,761,029 shares of the company’s stock worth $212,750,000 after buying an additional 114,215 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of 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 purchasing an additional 2,370 shares during the last quarter. Seven Eight Capital LP acquired a new stake in shares of Helen of Troy during the fourth quarter worth $486,000. Anchor Capital Advisors LLC boosted its holdings in shares of 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 purchasing an additional 1,640 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of 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 purchasing an additional 10,294 shares during the last quarter.

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.