Canaccord Genuity Group Reiterates Hold Rating for Helen of Troy (NASDAQ:HELE)

Helen of Troy (NASDAQ:HELE - Get Free Report)'s stock had its "hold" rating reaffirmed by analysts at Canaccord Genuity Group in a research note issued on Friday, Marketbeat Ratings reports. They currently have a $26.00 target price on the stock, down from their previous target price of $47.00. Canaccord Genuity Group's target price would indicate a potential upside of 19.76% from the company's current price.

Other equities analysts also recently issued reports about the company. UBS Group reduced their price objective on Helen of Troy from $68.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Wall Street Zen downgraded Helen of Troy from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd.

Helen of Troy Stock Performance

Shares of NASDAQ:HELE traded down $0.84 during trading on Friday, hitting $21.71. 2,023,740 shares of the company traded hands, compared to its average volume of 620,150. The stock has a market capitalization of $498.03 million, a price-to-earnings ratio of -1.50, a PEG ratio of 1.08 and a beta of 0.87. The business's fifty day moving average is $28.16 and its 200-day moving average is $43.50. Helen of Troy has a one year low of $21.08 and a one year high of $77.95. The company has a quick ratio of 0.74, a current ratio of 1.70 and a debt-to-equity ratio of 0.69.

Helen of Troy (NASDAQ:HELE - Get Free Report) last posted its earnings results on Thursday, July 10th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.50). The company had revenue of $371.66 million for the quarter, compared to the consensus estimate of $400.69 million. Helen of Troy had a negative net margin of 17.89% and a positive return on equity of 8.96%. The firm's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. As a group, equities analysts predict that Helen of Troy will post 6.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board increased its holdings in shares of 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 in the last quarter. Sterling Capital Management LLC raised its stake in 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 purchasing an additional 642 shares during the period. Quarry LP raised its stake in Helen of Troy by 917.5% during the 4th quarter. Quarry LP now owns 814 shares of the company's stock valued at $49,000 after purchasing an additional 734 shares during the period. Parallel Advisors LLC raised its stake in Helen of Troy by 2,820.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,752 shares of the company's stock valued at $50,000 after purchasing an additional 1,692 shares during the period. Finally, IMA Advisory Services Inc. acquired a new stake in Helen of Troy during the 1st quarter valued at $52,000.

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.