Canaccord Genuity Group Lowers Helen of Troy (NASDAQ:HELE) Price Target to $47.00

Helen of Troy (NASDAQ:HELE - Free Report) had its price objective decreased by Canaccord Genuity Group from $53.00 to $47.00 in a research note released on Monday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research firms have also commented on HELE. Wall Street Zen lowered shares of Helen of Troy from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. UBS Group lowered their target price on Helen of Troy from $68.00 to $38.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th.

Helen of Troy Stock Up 4.0%

Shares of HELE stock traded up $1.19 on Monday, reaching $31.29. 817,460 shares of the company were exchanged, compared to its average volume of 613,457. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.00 and a quick ratio of 1.03. The company has a 50-day moving average of $28.28 and a 200-day moving average of $44.37. The company has a market cap of $717.79 million, a price-to-earnings ratio of 5.81, a PEG ratio of 1.44 and a beta of 0.87. Helen of Troy has a one year low of $24.15 and a one year high of $77.95.

Helen of Troy (NASDAQ:HELE - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $2.33 earnings per share for the quarter, missing analysts' consensus estimates of $2.35 by ($0.02). The business had revenue of $485.89 million during the quarter, compared to analyst estimates of $481.55 million. Helen of Troy had a return on equity of 8.93% and a net margin of 6.49%. The company's revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.45 EPS. Analysts anticipate that Helen of Troy will post 6.46 earnings per share for the current year.

Institutional Investors Weigh In On Helen of Troy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board lifted its holdings in Helen of Troy by 66.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the company's stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Sterling Capital Management LLC increased its holdings 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 acquiring an additional 642 shares during the period. Quarry LP lifted its stake in Helen of Troy by 917.5% in the 4th quarter. Quarry LP now owns 814 shares of the company's stock worth $49,000 after purchasing an additional 734 shares in the last quarter. IMA Advisory Services Inc. bought a new position in Helen of Troy in the 1st quarter valued at $52,000. Finally, Amundi grew its position in shares of Helen of Troy by 40.9% during the 4th quarter. Amundi now owns 1,651 shares of the company's stock valued at $97,000 after purchasing an additional 479 shares in the last quarter.

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.