Helen of Troy (NASDAQ:HELE) Shares Down 6.5% - Time to Sell?

Shares of Helen of Troy Limited (NASDAQ:HELE - Get Free Report) dropped 6.5% during mid-day trading on Tuesday . The company traded as low as $40.68 and last traded at $39.46. Approximately 96,103 shares changed hands during trading, a decline of 81% from the average daily volume of 504,862 shares. The stock had previously closed at $42.19.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HELE shares. UBS Group reduced their target price on shares of Helen of Troy from $79.00 to $69.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Helen of Troy from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th.

Helen of Troy Stock Down 2.6 %

The stock has a market cap of $783.50 million, a price-to-earnings ratio of 6.91, a PEG ratio of 1.80 and a beta of 0.89. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 1.92. The firm's 50-day simple moving average is $52.14 and its two-hundred day simple moving average is $60.69.

Helen of Troy (NASDAQ:HELE - Get Free Report) last issued its quarterly earnings results on Wednesday, January 8th. The company reported $2.67 earnings per share for the quarter, beating analysts' consensus estimates of $2.60 by $0.07. The business had revenue of $530.70 million during the quarter, compared to analyst estimates of $532.91 million. Helen of Troy had a net margin of 6.05% and a return on equity of 9.13%. Helen of Troy's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.79 earnings per share. On average, sell-side analysts expect that Helen of Troy Limited will post 6.46 EPS for the current fiscal year.

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Institutional Investors Weigh In On Helen of Troy

Institutional investors and hedge funds have recently made changes to their positions in the company. Swiss National Bank increased its position in Helen of Troy by 0.9% in the fourth quarter. Swiss National Bank now owns 45,000 shares of the company's stock worth $2,692,000 after purchasing an additional 400 shares during the period. Principal Financial Group Inc. grew its position in shares of Helen of Troy by 5.2% during the 4th quarter. Principal Financial Group Inc. now owns 131,305 shares of the company's stock worth $7,856,000 after buying an additional 6,471 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Helen of Troy by 446.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 646,746 shares of the company's stock worth $38,695,000 after buying an additional 528,305 shares during the last quarter. KBC Group NV raised its stake in shares of Helen of Troy by 73.1% during the fourth quarter. KBC Group NV now owns 1,352 shares of the company's stock worth $81,000 after buying an additional 571 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Helen of Troy in the fourth quarter valued at approximately $484,000.

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.