Helen of Troy Limited (NASDAQ:HELE) fell 9.6% during mid-day trading on Friday . The stock traded as low as $87.25 and last traded at $87.80. 913,932 shares traded hands during trading, an increase of 545% from the average session volume of 141,638 shares. The stock had previously closed at $97.10.

Several research firms recently issued reports on HELE. BidaskClub upgraded shares of Helen of Troy Limited from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Bank of America Corporation assumed coverage on shares of Helen of Troy Limited in a research report on Tuesday, August 29th. They set an “underperform” rating and a $87.00 price target for the company. Finally, CL King assumed coverage on shares of Helen of Troy Limited in a research report on Tuesday, September 12th. They set a “buy” rating and a $104.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Helen of Troy Limited presently has a consensus rating of “Hold” and a consensus target price of $99.40.

The firm’s 50 day moving average price is $94.85 and its 200 day moving average price is $94.62. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 19.06 and a beta of 0.99.

Helen of Troy Limited (NASDAQ:HELE) last announced its quarterly earnings data on Thursday, October 5th. The company reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.29. The business had revenue of $378.46 million for the quarter, compared to analyst estimates of $377.08 million. Helen of Troy Limited had a net margin of 8.23% and a return on equity of 17.70%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.31 EPS. On average, equities analysts anticipate that Helen of Troy Limited will post $6.71 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Flinton Capital Management LLC lifted its holdings in shares of Helen of Troy Limited by 66.0% during the 2nd quarter. Flinton Capital Management LLC now owns 1,408 shares of the company’s stock worth $133,000 after acquiring an additional 560 shares during the period. Riverhead Capital Management LLC lifted its holdings in shares of Helen of Troy Limited by 85.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,665 shares of the company’s stock worth $157,000 after acquiring an additional 765 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Helen of Troy Limited by 18.1% during the 1st quarter. Victory Capital Management Inc. now owns 1,671 shares of the company’s stock worth $157,000 after acquiring an additional 256 shares during the period. Citigroup Inc. lifted its holdings in shares of Helen of Troy Limited by 18.3% during the 2nd quarter. Citigroup Inc. now owns 1,735 shares of the company’s stock worth $163,000 after acquiring an additional 268 shares during the period. Finally, LS Investment Advisors LLC lifted its holdings in shares of Helen of Troy Limited by 17.7% during the 2nd quarter. LS Investment Advisors LLC now owns 2,134 shares of the company’s stock worth $201,000 after acquiring an additional 321 shares during the period. Institutional investors and hedge funds own 89.89% of the company’s stock.

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About Helen of Troy Limited

Helen Of Troy Limited is a global consumer products company that offers a range of solutions for its customers through a range of brands. The Company is a global designer, developer, importer, marketer and distributor of a portfolio of brand-name consumer products. The Company has four segments. The Housewares segment provides a range of consumer products for the home.

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