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

Helen of Troy (NASDAQ:HELE) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

A number of other analysts also recently issued reports on HELE. Canaccord Genuity Group dropped their target price on shares of Helen of Troy from $92.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. UBS Group cut their target price on shares of Helen of Troy from $68.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th.

Helen of Troy Price Performance

Helen of Troy stock opened at $28.21 on Friday. Helen of Troy has a 1 year low of $26.71 and a 1 year high of $110.76. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 1.92. The firm has a 50 day moving average price of $44.28 and a 200 day moving average price of $57.14. The company has a market cap of $647.22 million, a price-to-earnings ratio of 5.69, a PEG ratio of 1.80 and a beta of 0.89.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.35 by ($0.02). Helen of Troy had a net margin of 6.05% and a return on equity of 9.13%. The company had revenue of $485.89 million for the quarter, compared to analysts’ expectations of $481.55 million. During the same period in the prior year, the firm earned $2.45 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. Sell-side analysts predict that Helen of Troy will post 6.46 earnings per share for the current year.

Hedge Funds Weigh In On Helen of Troy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board lifted its position in shares of Helen of Troy by 66.7% during the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Helen of Troy by 96.0% in the 4th quarter. GAMMA Investing LLC now owns 484 shares of the company’s stock worth $29,000 after buying an additional 237 shares in the last quarter. Swiss National Bank boosted its position in Helen of Troy by 0.9% in the 4th quarter. Swiss National Bank now owns 45,000 shares of the company’s stock valued at $2,692,000 after buying an additional 400 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Helen of Troy by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,970 shares of the company’s stock valued at $776,000 after acquiring an additional 477 shares in the last quarter. Finally, Amundi increased its position in shares of Helen of Troy by 40.9% during the fourth quarter. Amundi now owns 1,651 shares of the company’s stock worth $97,000 after acquiring an additional 479 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.