Helen of Troy (NASDAQ:HELE) Trading 9.6% Higher - What's Next?

Helen of Troy Limited (NASDAQ:HELE - Get Free Report) shot up 9.6% during trading on Thursday . The stock traded as high as $27.64 and last traded at $27.71. 100,840 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 570,837 shares. The stock had previously closed at $25.29.

Analyst Ratings Changes

HELE has been the topic of a number of recent analyst reports. Canaccord Genuity Group decreased their target price on shares of Helen of Troy from $92.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. UBS Group lowered their target price 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. Finally, Wall Street Zen lowered Helen of Troy from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd.

Helen of Troy Stock Performance

The business's fifty day simple moving average is $33.97 and its 200-day simple moving average is $51.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 1.92. The firm has a market capitalization of $601.68 million, a PE ratio of 5.29, a price-to-earnings-growth ratio of 1.80 and a beta of 0.91.

Helen of Troy (NASDAQ:HELE - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.35 by ($0.02). Helen of Troy had a net margin of 6.05% and a return on equity of 9.13%. The company had revenue of $485.89 million for the quarter, compared to analysts' expectations of $481.55 million. During the same period in the previous year, the business posted $2.45 earnings per share. The business's revenue was down .7% on a year-over-year basis. As a group, equities research analysts expect that Helen of Troy Limited will post 6.46 EPS for the current year.

Institutional Trading of Helen of Troy

Large investors have recently added to or reduced their stakes in the company. Cooper Creek Partners Management LLC purchased a new position in Helen of Troy in the fourth quarter worth about $41,248,000. Arrowstreet Capital Limited Partnership lifted its holdings in Helen of Troy by 446.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 646,746 shares of the company's stock valued at $38,695,000 after buying an additional 528,305 shares in the last quarter. Armistice Capital LLC purchased a new stake in Helen of Troy in the 1st quarter valued at about $19,845,000. Jacobs Levy Equity Management Inc. boosted its position in Helen of Troy by 1,985.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 332,708 shares of the company's stock valued at $17,797,000 after buying an additional 316,755 shares during the period. Finally, Millennium Management LLC bought a new position in Helen of Troy in the 1st quarter worth about $14,013,000.

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.