Helen of Troy (NASDAQ:HELE) Stock Price Down 6.6% on Analyst Downgrade

Helen of Troy Limited (NASDAQ:HELE - Get Free Report)'s stock price was down 6.6% during trading on Monday after Canaccord Genuity Group lowered their price target on the stock from $53.00 to $47.00. Canaccord Genuity Group currently has a buy rating on the stock. Helen of Troy traded as low as $30.35 and last traded at $30.51. Approximately 361,425 shares changed hands during trading, a decline of 40% from the average daily volume of 602,479 shares. The stock had previously closed at $32.66.

Other analysts have also issued reports about the stock. 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 cut their price objective on shares of Helen of Troy from $68.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HELE. Canada Pension Plan Investment Board boosted its position in 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 during the last quarter. Sterling Capital Management LLC increased its stake in shares of Helen of Troy by 844.7% in the fourth 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 raised its holdings in shares of Helen of Troy by 917.5% during the fourth quarter. Quarry LP now owns 814 shares of the company's stock worth $49,000 after purchasing an additional 734 shares during the last quarter. IMA Advisory Services Inc. acquired a new position in shares of Helen of Troy in the 1st quarter valued at about $52,000. Finally, Amundi boosted its stake in shares of Helen of Troy by 40.9% in the fourth quarter. Amundi now owns 1,651 shares of the company's stock worth $97,000 after buying an additional 479 shares during the last quarter.

Helen of Troy Stock Down 7.8%

The business's 50 day moving average price is $28.23 and its 200 day moving average price is $44.46. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.03 and a current ratio of 2.00. The firm has a market cap of $690.49 million, a price-to-earnings ratio of 5.58, a PEG ratio of 1.56 and a beta of 0.87.

Helen of Troy (NASDAQ:HELE - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $2.33 EPS for the quarter, missing the consensus estimate of $2.35 by ($0.02). The company had revenue of $485.89 million during the quarter, compared to analysts' expectations of $481.55 million. Helen of Troy had a return on equity of 8.93% and a net margin of 6.49%. Helen of Troy's revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.45 EPS. On average, equities analysts forecast that Helen of Troy Limited will post 6.46 EPS for the current year.

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.