Helen of Troy (NASDAQ:HELE) Shares Gap Down After Analyst Downgrade

Helen of Troy Limited (NASDAQ:HELE)’s share price gapped down prior to trading on Wednesday after UBS Group lowered their price target on the stock from $79.00 to $69.00. The stock had previously closed at $59.29, but opened at $56.88. UBS Group currently has a neutral rating on the stock. Helen of Troy shares last traded at $55.19, with a volume of 222,359 shares.

Several other research firms have also commented on HELE. DA Davidson lifted their price objective on shares of Helen of Troy from $71.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Canaccord Genuity Group restated a “buy” rating and issued a $84.00 target price on shares of Helen of Troy in a report on Monday, October 7th.

Hedge Funds Weigh In On Helen of Troy

Large investors have recently bought and sold shares of the business. Pacer Advisors Inc. increased its stake in Helen of Troy by 30,278.8% in the third quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company’s stock worth $66,176,000 after purchasing an additional 1,066,418 shares during the period. Pzena Investment Management LLC purchased a new position in Helen of Troy in the 3rd quarter worth about $35,962,000. William Blair Investment Management LLC bought a new stake in Helen of Troy during the 2nd quarter valued at about $29,749,000. Invenomic Capital Management LP purchased a new stake in Helen of Troy in the 3rd quarter valued at about $14,303,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in Helen of Troy in the 3rd quarter worth about $13,800,000.

Helen of Troy Trading Down 0.5 %

The stock’s 50-day moving average price is $65.95 and its 200 day moving average price is $64.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.77 and a quick ratio of 0.85. The firm has a market capitalization of $1.35 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 1.34 and a beta of 0.90.

Helen of Troy (NASDAQ:HELE) last released 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. The company had revenue of $530.70 million for the quarter, compared to the consensus estimate of $532.91 million. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. Helen of Troy’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the business posted $2.79 EPS. On average, sell-side analysts expect that Helen of Troy Limited will post 6.37 EPS for the current fiscal year.

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.