Zacks Investment Research cut shares of Helen of Troy (NASDAQ:HELE) from a hold rating to a sell rating in a research note released on Tuesday morning.

According to Zacks, “Helen of Troy Limited is a leading global consumer products company offering creative solutions for their customers through a diversified portfolio of well-recognized and widely trusted brands. They have built leading market positions through new product innovation, product quality and competitive pricing. They have four business segments: Housewares, Health & Home, Nutritional Supplements and Beauty. Their Housewares segment provides a broad range of products to help with food preparation, cooking, cleaning, organization, beverage service. Their Health & Home products focuses on healthcare and home comfort products. Their Nutritional Supplements segment provides premium branded doctor formulated nutritional supplements, skincare and pain relief products. Their Beauty segment provides personal care, beauty care and wellness products including hair styling appliances; grooming tools; decorative haircare accessories; and liquid-, solid- and powder-based personal care products. “

A number of other research firms have also recently issued reports on HELE. BidaskClub cut shares of Helen of Troy from a buy rating to a hold rating in a report on Saturday, August 26th. Bank of America assumed coverage on shares of Helen of Troy in a report on Tuesday, August 29th. They set an underperform rating and a $87.00 price target for the company. CL King began coverage on shares of Helen of Troy in a report on Tuesday, September 12th. They set a buy rating and a $104.00 price target for the company. ValuEngine upgraded shares of Helen of Troy from a hold rating to a buy rating in a research note on Tuesday, October 10th. Finally, KeyCorp reiterated a hold rating on shares of Helen of Troy in a research note on Friday, November 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $99.40.

Helen of Troy (HELE) traded down $1.65 during mid-day trading on Tuesday, reaching $88.20. 117,600 shares of the company’s stock were exchanged, compared to its average volume of 153,891. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.89 and a quick ratio of 0.85. Helen of Troy has a one year low of $79.90 and a one year high of $102.88. The company has a market capitalization of $2,449.90, a PE ratio of 13.33, a price-to-earnings-growth ratio of 12.50 and a beta of 0.91.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings results on Thursday, October 5th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.29. Helen of Troy had a net margin of 6.93% and a return on equity of 18.28%. The company had revenue of $378.46 million during the quarter, compared to analysts’ expectations of $377.08 million. During the same period in the prior year, the company earned $1.31 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. equities analysts forecast that Helen of Troy will post 6.42 earnings per share for the current fiscal year.

In related news, Director Timothy F. Meeker sold 2,500 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $94.00, for a total value of $235,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.57% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HELE. American Century Companies Inc. bought a new position in Helen of Troy during the third quarter worth about $23,056,000. Alliancebernstein L.P. lifted its stake in Helen of Troy by 296.3% during the second quarter. Alliancebernstein L.P. now owns 282,067 shares of the company’s stock worth $26,543,000 after purchasing an additional 210,886 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Helen of Troy by 425,092.9% during the second quarter. The Manufacturers Life Insurance Company now owns 59,527 shares of the company’s stock worth $5,601,000 after purchasing an additional 59,513 shares during the period. Renaissance Technologies LLC lifted its stake in Helen of Troy by 65.6% during the second quarter. Renaissance Technologies LLC now owns 134,786 shares of the company’s stock worth $12,683,000 after purchasing an additional 53,376 shares during the period. Finally, AHL Partners LLP lifted its stake in Helen of Troy by 126.4% during the second quarter. AHL Partners LLP now owns 79,265 shares of the company’s stock worth $7,459,000 after purchasing an additional 44,259 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

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Helen of Troy Company Profile

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.

Analyst Recommendations for Helen of Troy (NASDAQ:HELE)

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