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 mid-day 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 trading hands. The stock had previously closed at $86.87.
Several other equities research analysts also recently issued reports on HELE. Zacks Investment Research downgraded Helen of Troy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Sidoti began coverage on Helen of Troy in a research report on Thursday, August 25th. They issued a “neutral” rating and a $102.00 price target on the stock. Finally, KeyCorp reaffirmed a “hold” rating on shares of Helen of Troy in a research 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 a consensus rating of “Hold” and a consensus price target of $107.50.
A number of large investors have recently added to or reduced their stakes in the company. Pacad Investment Ltd. purchased a new stake in Helen of Troy during the second quarter worth $113,000. LS Investment Advisors LLC increased its stake 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 worth $174,000 after buying an additional 660 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Helen of Troy during the second quarter worth $188,000. Pacer Advisors Inc. purchased a new stake in Helen of Troy during the second quarter worth $195,000. Finally, Genesee Valley Trust Co. purchased a new stake in Helen of Troy during the second quarter worth $214,000. 94.68% of the stock is currently owned by institutional investors and hedge funds.
The firm has a 50 day moving average price of $88.77 and a 200-day moving average price of $97.32. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 23.44 and a beta of 1.00.
Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings results on Thursday, October 6th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.14 by $0.17. Helen of Troy had a net margin of 6.45% and a return on equity of 18.62%. The firm had revenue of $368.17 million for the quarter. During the same period last year, the firm earned $1.12 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. On average, analysts anticipate that Helen of Troy Ltd. will post $6.16 EPS 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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