Helen of Troy (NASDAQ:HELE) Trading Down 6.6% - Here's What Happened

Helen of Troy Limited (NASDAQ:HELE - Get Free Report)'s stock price traded down 6.6% on Monday . The company traded as low as $32.35 and last traded at $31.46. 21,851 shares were traded during trading, a decline of 96% from the average session volume of 522,922 shares. The stock had previously closed at $33.69.

Wall Street Analyst Weigh In

HELE has been the topic of a number of recent research reports. StockNews.com cut shares of Helen of Troy from a "buy" rating to a "hold" rating in a report on Friday. UBS Group reduced their price target on shares of Helen of Troy from $68.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday.

Helen of Troy Stock Down 8.1 %

The stock has a market cap of $707.39 million, a P/E ratio of 6.24, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. The stock's 50-day moving average is $49.74 and its 200-day moving average is $59.71. The company has a current ratio of 1.92, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45.

Hedge Funds Weigh In On Helen of Troy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Helen of Troy by 96.0% during the fourth quarter. GAMMA Investing LLC now owns 484 shares of the company's stock worth $29,000 after acquiring an additional 237 shares during the period. Canada Pension Plan Investment Board increased its stake in Helen of Troy by 66.7% in the 4th 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 period. Sterling Capital Management LLC lifted its holdings in shares of Helen of Troy by 844.7% during the 4th quarter. Sterling Capital Management LLC now owns 718 shares of the company's stock valued at $43,000 after buying an additional 642 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Helen of Troy in the fourth quarter worth $44,000. Finally, Public Employees Retirement System of Ohio grew its stake in Helen of Troy by 30.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 783 shares of the company's stock valued at $48,000 after buying an additional 182 shares during 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.

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