Helen of Troy (NASDAQ:HELE) Shares Up 6.4% - Here's Why

Helen of Troy Limited (NASDAQ:HELE - Get Free Report) shares were up 6.4% during mid-day trading on Tuesday . The stock traded as high as $30.06 and last traded at $30.19. Approximately 146,215 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 603,115 shares. The stock had previously closed at $28.38.

Wall Street Analysts Forecast Growth

HELE has been the subject of several analyst reports. UBS Group reduced their price target on shares of 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. Canaccord Genuity Group reduced their price objective on Helen of Troy from $92.00 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Wall Street Zen cut Helen of Troy from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd.

Helen of Troy Price Performance

The company has a current ratio of 2.00, a quick ratio of 1.03 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $762.76 million, a PE ratio of 6.17, a price-to-earnings-growth ratio of 1.36 and a beta of 0.87. The stock's 50-day moving average is $28.07 and its two-hundred day moving average is $45.50.

Helen of Troy (NASDAQ:HELE - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $2.33 earnings per share (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 net margin of 6.49% and a return on equity of 8.93%. Helen of Troy's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $2.45 earnings per share. On average, equities analysts predict that Helen of Troy Limited will post 6.46 EPS for the current year.

Hedge Funds Weigh In On Helen of Troy

A number of hedge funds and other institutional investors have recently modified their holdings of HELE. Cooper Creek Partners Management LLC purchased a new stake in Helen of Troy during the fourth quarter worth $41,248,000. Arrowstreet Capital Limited Partnership boosted its position in Helen of Troy by 446.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 646,746 shares of the company's stock valued at $38,695,000 after purchasing an additional 528,305 shares in the last quarter. Armistice Capital LLC purchased a new position in Helen of Troy in the first quarter valued at about $19,845,000. Jacobs Levy Equity Management Inc. grew its stake in Helen of Troy by 1,985.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 332,708 shares of the company's stock valued at $17,797,000 after purchasing an additional 316,755 shares during the last quarter. Finally, Millennium Management LLC bought a new position in Helen of Troy in the first quarter worth about $14,013,000.

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.