Helen of Troy (NASDAQ:HELE) Trading Down 3.7% – Here’s Why

Helen of Troy Limited (NASDAQ:HELE)’s share price traded down 3.7% on Tuesday . The company traded as low as $51.75 and last traded at $51.05. 17,881 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 483,372 shares. The stock had previously closed at $53.00.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. UBS Group lowered their price target on Helen of Troy from $79.00 to $69.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. StockNews.com upgraded Helen of Troy from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th.

Helen of Troy Price Performance

The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 1.80 and a beta of 0.90. 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 company’s fifty day moving average is $57.60 and its two-hundred day moving average is $62.02.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.60 by $0.07. Helen of Troy had a return on equity of 9.13% and a net margin of 6.05%. The company had revenue of $530.70 million for the quarter, compared to analysts’ expectations of $532.91 million. During the same quarter in the previous year, the firm posted $2.79 earnings per share. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. Equities research analysts forecast that Helen of Troy Limited will post 6.46 EPS for the current year.

Institutional Trading of Helen of Troy

Several large investors have recently bought and sold shares of HELE. Public Employees Retirement System of Ohio boosted its stake in shares of Helen of Troy by 30.3% in the third quarter. Public Employees Retirement System of Ohio now owns 783 shares of the company’s stock valued at $48,000 after purchasing an additional 182 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Helen of Troy by 66.7% in the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the company’s stock worth $30,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC boosted its position in Helen of Troy by 96.0% in the 4th quarter. GAMMA Investing LLC now owns 484 shares of the company’s stock valued at $29,000 after buying an additional 237 shares during the last quarter. Swiss National Bank grew its stake in shares of Helen of Troy by 0.9% during the fourth quarter. Swiss National Bank now owns 45,000 shares of the company’s stock valued at $2,692,000 after acquiring an additional 400 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 worth $776,000 after acquiring an additional 477 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.