Helen of Troy (NASDAQ:HELE) Sets New 12-Month Low on Analyst Downgrade

Helen of Troy Limited (NASDAQ:HELE - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday after Canaccord Genuity Group lowered their price target on the stock from $92.00 to $70.00. Canaccord Genuity Group currently has a buy rating on the stock. Helen of Troy traded as low as $30.60 and last traded at $31.89, with a volume of 876495 shares changing hands. The stock had previously closed at $33.69.

A number of other analysts have also weighed in on the stock. UBS Group reduced their price objective on shares of Helen of Troy from $68.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. StockNews.com lowered Helen of Troy from a "buy" rating to a "hold" rating in a research note on Friday, April 18th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HELE. GAMMA Investing LLC grew its stake in Helen of Troy by 96.0% during the 4th quarter. GAMMA Investing LLC now owns 484 shares of the company's stock valued at $29,000 after purchasing an additional 237 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Helen of Troy by 66.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the company's stock valued at $30,000 after buying an additional 200 shares during the last quarter. Sterling Capital Management LLC raised its position in Helen of Troy by 844.7% during the 4th quarter. Sterling Capital Management LLC now owns 718 shares of the company's stock worth $43,000 after buying an additional 642 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Helen of Troy during the 4th quarter valued at approximately $44,000. Finally, Quarry LP boosted its holdings in shares of Helen of Troy by 917.5% in the 4th quarter. Quarry LP now owns 814 shares of the company's stock valued at $49,000 after acquiring an additional 734 shares during the last quarter.

Helen of Troy Price Performance

The company has a quick ratio of 1.05, a current ratio of 1.92 and a debt-to-equity ratio of 0.45. The stock's 50 day moving average price is $47.27 and its two-hundred day moving average price is $58.69. The stock has a market cap of $653.91 million, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89.

About Helen of Troy

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.