Helen of Troy (NASDAQ:HELE) Stock Price Down 4.2% – What’s Next?

Helen of Troy Limited (NASDAQ:HELE) was down 4.2% during mid-day trading on Monday . The stock traded as low as $68.23 and last traded at $68.55. Approximately 250,306 shares traded hands during trading, a decline of 44% from the average daily volume of 448,922 shares. The stock had previously closed at $71.54.

Analysts Set New Price Targets

HELE has been the subject of a number of analyst reports. DA Davidson boosted their price target on Helen of Troy from $67.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. UBS Group lowered their target price on shares of Helen of Troy from $100.00 to $72.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. StockNews.com lowered shares of Helen of Troy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $84.00 price objective on shares of Helen of Troy in a research note on Monday, October 7th.

Helen of Troy Trading Down 1.6 %

The company has a quick ratio of 0.99, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.54 billion, a P/E ratio of 10.78, a PEG ratio of 1.45 and a beta of 0.86. The firm’s 50-day simple moving average is $57.38 and its 200 day simple moving average is $79.17.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.16. The company had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $458.85 million. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 earnings per share. Equities research analysts anticipate that Helen of Troy Limited will post 6.33 EPS for the current fiscal year.

Helen of Troy announced that its Board of Directors has approved a stock repurchase plan on Thursday, September 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 39.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Helen of Troy

A number of institutional investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC acquired a new position in shares of Helen of Troy in the third quarter worth about $315,000. Inspire Investing LLC lifted its position in shares of Helen of Troy by 75.5% in the 3rd quarter. Inspire Investing LLC now owns 6,649 shares of the company’s stock valued at $411,000 after acquiring an additional 2,861 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Helen of Troy by 48.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 7,351 shares of the company’s stock worth $455,000 after purchasing an additional 2,400 shares during the period. SG Americas Securities LLC grew its position in Helen of Troy by 158.3% during the 3rd quarter. SG Americas Securities LLC now owns 5,198 shares of the company’s stock worth $321,000 after purchasing an additional 3,186 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in Helen of Troy by 0.4% during the 2nd quarter. Systematic Financial Management LP now owns 193,869 shares of the company’s stock valued at $17,979,000 after purchasing an additional 760 shares during the period.

Helen of Troy Company Profile

Helen of Troy Limited provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates in two segments: Home & Outdoor and Beauty & Wellness. The Home & Outdoor segment offers food storage containers, kitchen utensils for cooking and preparing salads, fruits, vegetables and meats, graters, slicers and choppers, baking essentials, kitchen organization, bath, cleaning, infant and toddler products, and coffee preparation tools and electronics; and insulated beverageware, including bottles, travel tumblers, drinkware, mugs, food and lunch containers, insulated totes, soft coolers, outdoor kitchenware, and accessories.