Helen of Troy (NASDAQ:HELE) Hits New 12-Month Low After Analyst Downgrade

Helen of Troy Limited (NASDAQ:HELE - Get Free Report)'s stock price reached a new 52-week low on Tuesday after Canaccord Genuity Group lowered their price target on the stock from $92.00 to $70.00. Canaccord Genuity Group currently has a buy rating on the stock. Helen of Troy traded as low as $30.60 and last traded at $31.89, with a volume of 876495 shares. The stock had previously closed at $33.69.

HELE has been the subject of several other reports. StockNews.com cut shares of Helen of Troy from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. UBS Group lowered 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.

Institutional Investors Weigh In On Helen of Troy

Large investors have recently bought and sold shares of the stock. Earnest Partners LLC increased its position in Helen of Troy by 18.6% in the 4th quarter. Earnest Partners LLC now owns 757,339 shares of the company's stock valued at $45,312,000 after buying an additional 118,982 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of Helen of Troy by 21.4% during the fourth quarter. Pzena Investment Management LLC now owns 705,711 shares of the company's stock valued at $42,223,000 after acquiring an additional 124,269 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new position in shares of Helen of Troy during the fourth quarter worth approximately $41,248,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Helen of Troy by 446.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 646,746 shares of the company's stock worth $38,695,000 after purchasing an additional 528,305 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Helen of Troy by 17.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 482,154 shares of the company's stock valued at $28,847,000 after purchasing an additional 72,076 shares during the period.

Helen of Troy Stock Down 4.8 %

The firm has a market cap of $653.91 million, a P/E ratio of 5.77, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. The stock's 50 day simple moving average is $47.27 and its 200 day simple moving average is $58.59. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 1.92.

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.