Helen of Troy (NASDAQ:HELE) Shares Gap Down Following 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 trading hands.

Other research analysts have also issued reports about the stock. DA Davidson raised 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 note on Monday, November 25th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $84.00 price target on shares of Helen of Troy in a research note on Monday, October 7th.

Institutional Trading of Helen of Troy

Hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. raised its holdings in Helen of Troy by 30,278.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company’s stock valued at $66,176,000 after acquiring an additional 1,066,418 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Helen of Troy by 116.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,716 shares of the company’s stock valued at $3,570,000 after acquiring an additional 30,993 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Helen of Troy by 37.9% in the 3rd quarter. Principal Financial Group Inc. now owns 124,834 shares of the company’s stock valued at $7,721,000 after acquiring an additional 34,318 shares during the last quarter. Earnest Partners LLC raised its holdings in Helen of Troy by 2.7% in the 2nd quarter. Earnest Partners LLC now owns 666,256 shares of the company’s stock valued at $61,789,000 after acquiring an additional 17,741 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Helen of Troy during the 2nd quarter worth approximately $829,000.

Helen of Troy Price Performance

The stock’s fifty day moving average price is $65.85 and its 200-day moving average price is $63.97. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 9.86, a P/E/G ratio of 1.34 and a beta of 0.90. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings results on Wednesday, January 8th. The company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.07. The business had revenue of $530.70 million during the quarter, compared to the consensus estimate of $532.91 million. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.79 EPS. As a group, equities research analysts forecast that Helen of Troy Limited will post 6.37 earnings per share 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.