Helen of Troy (NASDAQ:HELE) Sees Unusually-High Trading Volume - Time to Buy?

Helen of Troy Limited (NASDAQ:HELE - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 535,932 shares changed hands during mid-day trading, an increase of 1% from the previous session's volume of 528,371 shares.The stock last traded at $29.36 and had previously closed at $30.04.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Canaccord Genuity Group reduced their target price on Helen of Troy from $92.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. StockNews.com cut shares of Helen of Troy from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Finally, UBS Group decreased 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 report on Thursday, April 17th.

Helen of Troy Stock 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 firm has a 50-day moving average price of $47.27 and a two-hundred day moving average price of $58.49. The firm has a market cap of $675.03 million, a PE ratio of 5.89, a P/E/G ratio of 1.80 and a beta of 0.89.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Earnest Partners LLC raised its position in shares of Helen of Troy by 18.6% in the fourth quarter. Earnest Partners LLC now owns 757,339 shares of the company's stock valued at $45,312,000 after buying an additional 118,982 shares during the last quarter. Pzena Investment Management LLC raised its holdings in Helen of Troy by 21.4% in the 4th quarter. Pzena Investment Management LLC now owns 705,711 shares of the company's stock valued at $42,223,000 after acquiring an additional 124,269 shares during the last quarter. Cooper Creek Partners Management LLC purchased a new position in Helen of Troy in the 4th quarter worth approximately $41,248,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Helen of Troy by 446.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 646,746 shares of the company's stock worth $38,695,000 after purchasing an additional 528,305 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Helen of Troy by 17.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 482,154 shares of the company's stock valued at $28,847,000 after purchasing an additional 72,076 shares in the last quarter.

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.