Helen of Troy Ltd. (HELE) Reaches New 12-Month Low After Analyst Downgrade
Helen of Troy Ltd. (NASDAQ:HELE) hit a new 52-week low during trading on Friday after Jefferies Group lowered their price target on the stock to $105.00. The stock traded as low as $80.21 and last traded at $81.98, with a volume of 586,869 shares. The stock had previously closed at $86.87.
HELE has been the topic of several other reports. Sidoti started coverage on shares of Helen of Troy in a research report on Thursday, August 25th. They set a “neutral” rating and a $102.00 price target on the stock. Zacks Investment Research cut shares of Helen of Troy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Helen of Troy in a report on Thursday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $107.50.
Several large investors have recently modified their holdings of HELE. Pacad Investment Ltd. purchased a new stake in shares of Helen of Troy during the second quarter worth about $113,000. LS Investment Advisors LLC boosted its position in Helen of Troy by 63.8% in the second quarter. LS Investment Advisors LLC now owns 1,694 shares of the company’s stock valued at $174,000 after buying an additional 660 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in Helen of Troy during the second quarter valued at $188,000. Pacer Advisors Inc. bought a new position in Helen of Troy during the second quarter valued at $195,000. Finally, Genesee Valley Trust Co. bought a new position in Helen of Troy during the second quarter valued at $214,000. 94.68% of the stock is currently owned by institutional investors.
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The firm’s 50-day moving average is $88.77 and its 200-day moving average is $97.32. The company has a market cap of $2.29 billion, a PE ratio of 23.44 and a beta of 1.00.
Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings results on Thursday, October 6th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.17. The business earned $368.17 million during the quarter. Helen of Troy had a net margin of 6.45% and a return on equity of 18.62%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 earnings per share. Equities analysts anticipate that Helen of Troy Ltd. will post $6.16 earnings per share for the current year.
About Helen of Troy
Helen of Troy Limited is a global consumer products company. The Company offers solutions for its customers through a portfolio of brands. It is a global designer, developer, importer, marketer, and distributor of a portfolio of brand-name consumer products. It has four business segments: Housewares, Healthcare/Home Environment, Nutritional Supplements and Personal Care.
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