Helen of Troy (NASDAQ:HELE) Stock Price Down 6.6% - What's Next?

Helen of Troy Limited (NASDAQ:HELE - Get Free Report)'s share price dropped 6.6% on Monday . The stock traded as low as $32.35 and last traded at $31.46. Approximately 21,851 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 522,922 shares. The stock had previously closed at $33.69.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HELE shares. Canaccord Genuity Group reduced their price objective on shares of Helen of Troy from $92.00 to $70.00 and set a "buy" rating for the company in a research report on Tuesday. StockNews.com lowered Helen of Troy from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Finally, UBS Group dropped 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 Stock Performance

The company has a market cap of $653.91 million, a P/E ratio of 5.77, a P/E/G ratio of 1.80 and a beta of 0.89. 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 50 day moving average price of $47.27 and a 200-day moving average price of $58.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. increased its position in Helen of Troy by 13.9% in the 3rd quarter. Franklin Resources Inc. now owns 10,280 shares of the company's stock worth $704,000 after buying an additional 1,255 shares during the period. Principal Financial Group Inc. increased its position in Helen of Troy by 37.9% in the 3rd quarter. Principal Financial Group Inc. now owns 124,834 shares of the company's stock valued at $7,721,000 after acquiring an additional 34,318 shares in the last quarter. JPMorgan Chase & Co. raised its position in Helen of Troy by 7.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 83,889 shares of the company's stock worth $5,189,000 after purchasing an additional 5,920 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Helen of Troy by 96.0% in the fourth quarter. GAMMA Investing LLC now owns 484 shares of the company's stock valued at $29,000 after acquiring an additional 237 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Helen of Troy by 5.8% during the 4th quarter. Nordea Investment Management AB now owns 48,961 shares of the company's stock worth $2,923,000 after buying an additional 2,675 shares during the period.

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.