Helen of Troy (NASDAQ:HELE) Hits New 12-Month Low at $53.26

Helen of Troy Limited (NASDAQ:HELE)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $53.26 and last traded at $54.24, with a volume of 87243 shares trading hands. The stock had previously closed at $56.73.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Canaccord Genuity Group dropped their target price on Helen of Troy from $137.00 to $84.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. DA Davidson cut Helen of Troy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $139.00 to $67.00 in a research note on Wednesday, July 10th. StockNews.com cut Helen of Troy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, UBS Group decreased their price target on Helen of Troy from $100.00 to $72.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th.

Helen of Troy Stock Down 3.5 %

The firm has a 50 day moving average of $84.81 and a 200 day moving average of $102.53. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 1.17 and a beta of 0.85. The company has a quick ratio of 0.99, a current ratio of 1.87 and a debt-to-equity ratio of 0.40.

Helen of Troy (NASDAQ:HELE) last posted its earnings results on Tuesday, July 9th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.60). Helen of Troy had a net margin of 7.82% and a return on equity of 10.25%. The company had revenue of $416.80 million during the quarter, compared to the consensus estimate of $445.85 million. During the same quarter in the prior year, the business earned $1.58 EPS. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. As a group, sell-side analysts predict that Helen of Troy Limited will post 6.33 earnings per share for the current year.

Institutional Trading of Helen of Troy

A number of hedge funds have recently bought and sold shares of the business. Capital Research Global Investors increased its position in Helen of Troy by 6.9% in the fourth quarter. Capital Research Global Investors now owns 1,761,029 shares of the company’s stock worth $212,750,000 after buying an additional 114,215 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Helen of Troy by 1.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 920,098 shares of the company’s stock valued at $106,032,000 after purchasing an additional 13,206 shares during the last quarter. Earnest Partners LLC lifted its holdings in Helen of Troy by 10.9% during the 1st quarter. Earnest Partners LLC now owns 648,515 shares of the company’s stock worth $74,735,000 after purchasing an additional 63,595 shares in the last quarter. Capital International Investors lifted its holdings in shares of Helen of Troy by 14.2% in the first quarter. Capital International Investors now owns 360,102 shares of the company’s stock worth $41,498,000 after buying an additional 44,758 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Helen of Troy in the fourth quarter worth about $27,380,000.

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.