Canaccord Genuity Group Reaffirms "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 report issued on Friday, MarketBeat reports. They currently have a $26.00 price objective on the stock, down from their previous price objective of $47.00. Canaccord Genuity Group's price objective indicates a potential upside of 15.30% from the company's previous close.

Several other equities research analysts also recently issued reports on the stock. UBS Group dropped their price target on shares of 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. Wall Street Zen downgraded shares of Helen of Troy from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd.

Helen of Troy Trading Down 5.9%

Shares of HELE traded down $1.41 during mid-day trading on Friday, reaching $22.55. The company had a trading volume of 2,459,090 shares, compared to its average volume of 614,352. The stock has a market cap of $517.30 million, a price-to-earnings ratio of -1.55, a price-to-earnings-growth ratio of 1.15 and a beta of 0.87. The firm has a fifty day simple moving average of $28.16 and a 200-day simple moving average of $43.75. Helen of Troy has a fifty-two week low of $21.20 and a fifty-two week high of $77.95. The company has a current ratio of 1.70, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75.

Helen of Troy (NASDAQ:HELE - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by ($0.50). The company had revenue of $371.66 million during the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.99 EPS. On average, sell-side analysts anticipate that Helen of Troy will post 6.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board boosted its stake 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 valued at $30,000 after purchasing an additional 200 shares during the period. Swiss National Bank boosted its stake in Helen of Troy by 0.9% during the 4th quarter. Swiss National Bank now owns 45,000 shares of the company's stock valued at $2,692,000 after purchasing an additional 400 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Helen of Troy by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,970 shares of the company's stock valued at $776,000 after purchasing an additional 477 shares during the period. Amundi boosted its stake in 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 during the period. Finally, Sterling Capital Management LLC boosted 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.

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.