Helen of Troy (NASDAQ:HELE) Trading 9.6% Higher - Here's Why

Helen of Troy Limited (NASDAQ:HELE - Get Free Report)'s share price rose 9.6% during trading on Thursday . The stock traded as high as $27.64 and last traded at $27.71. Approximately 100,840 shares were traded during trading, a decline of 82% from the average daily volume of 570,837 shares. The stock had previously closed at $25.29.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Canaccord Genuity Group decreased their price target on shares of Helen of Troy from $92.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Wall Street Zen lowered shares of Helen of Troy from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, UBS Group decreased 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.

Helen of Troy Trading Up 1.0%

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 business has a 50-day simple moving average of $33.97 and a two-hundred day simple moving average of $52.09. The stock has a market cap of $620.38 million, a price-to-earnings ratio of 5.45, a P/E/G ratio of 1.80 and a beta of 0.91.

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 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 business had revenue of $485.89 million during the quarter, compared to analyst estimates of $481.55 million. During the same period last year, the business earned $2.45 earnings per share. The business's quarterly revenue was down .7% compared to the same quarter last year. As a group, research analysts forecast that Helen of Troy Limited will post 6.46 EPS for the current year.

Institutional Investors Weigh In On Helen of Troy

Hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Helen of Troy by 16.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,309 shares of the company's stock valued at $3,975,000 after buying an additional 10,397 shares during the last quarter. Petrus Trust Company LTA purchased a new position in shares of Helen of Troy during the 1st quarter valued at $323,000. Millennium Management LLC purchased a new position in shares of Helen of Troy during the 1st quarter valued at $14,013,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Helen of Troy by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,533 shares of the company's stock valued at $724,000 after buying an additional 563 shares during the last quarter. Finally, Invenomic Capital Management LP lifted its position in shares of Helen of Troy by 68.2% during the 1st quarter. Invenomic Capital Management LP now owns 238,791 shares of the company's stock valued at $12,773,000 after buying an additional 96,805 shares during the last quarter.

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.