BidaskClub Downgrades Helen of Troy (NASDAQ:HELE) to Sell

Helen of Troy (NASDAQ:HELE) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday, June 29th, BidAskClub reports.

A number of other equities analysts also recently issued reports on the stock. ValuEngine downgraded shares of W&T Offshore from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Sidoti cut shares of Helen of Troy from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. Zacks Investment Research cut shares of GP Strategies from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Bank of America reduced their price objective on shares of Nordstrom from $40.00 to $32.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 22nd. Finally, DA Davidson reiterated a “buy” rating on shares of Great Western Bancorp in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $156.50.

NASDAQ HELE traded down $2.89 during trading on Friday, hitting $147.97. The company had a trading volume of 168,719 shares, compared to its average volume of 329,063. The firm has a market capitalization of $3.72 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 2.98 and a beta of 0.67. The company has a current ratio of 2.20, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35. Helen of Troy has a one year low of $108.31 and a one year high of $151.73. The stock has a fifty day simple moving average of $136.66.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings results on Tuesday, July 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.38. The firm had revenue of $376.30 million for the quarter, compared to the consensus estimate of $351.54 million. Helen of Troy had a net margin of 10.81% and a return on equity of 18.61%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.87 EPS. As a group, equities research analysts expect that Helen of Troy will post 7.42 EPS for the current fiscal year.

In other Helen of Troy news, Director Timothy F. Meeker sold 2,400 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $144.00, for a total value of $345,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vincent D. Carson sold 13,415 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $146.08, for a total value of $1,959,663.20. The disclosure for this sale can be found here. Company insiders own 0.77% of the company’s stock.

Large investors have recently modified their holdings of the stock. Cerebellum GP LLC purchased a new stake in shares of Helen of Troy in the second quarter worth about $31,000. Asset Planning Services Ltd. purchased a new position in Helen of Troy in the second quarter valued at about $58,000. AdvisorNet Financial Inc boosted its holdings in Helen of Troy by 28.0% in the second quarter. AdvisorNet Financial Inc now owns 974 shares of the company’s stock valued at $127,000 after purchasing an additional 213 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Helen of Troy by 14.2% in the second quarter. Nisa Investment Advisors LLC now owns 6,425 shares of the company’s stock valued at $839,000 after purchasing an additional 800 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its holdings in Helen of Troy by 660.2% in the second quarter. WINTON GROUP Ltd now owns 32,734 shares of the company’s stock valued at $4,275,000 after purchasing an additional 28,428 shares during the last quarter. 98.67% of the stock is owned by hedge funds and other institutional investors.

About Helen of Troy

Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. It operates in three segments: Housewares, Health & Home, and Beauty. The Housewares segment offers food and beverage preparation tools and gadgets, storage containers, and organization products; household cleaning products, and shower organization, bathroom accessories, and gardening products; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; and insulated water bottles, jugs, drinkware, travel mugs, and food containers.

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