Helen of Troy (NASDAQ:HELE) Stock Price Down 4.2% – Here’s Why

Helen of Troy Limited (NASDAQ:HELE) traded down 4.2% during trading on Monday . The company traded as low as $68.23 and last traded at $68.55. 250,306 shares changed hands during trading, a decline of 44% from the average session volume of 448,922 shares. The stock had previously closed at $71.54.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HELE shares. UBS Group lowered their price objective on shares of Helen of Troy from $100.00 to $72.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. DA Davidson boosted their price target on shares of Helen of Troy from $67.00 to $71.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Canaccord Genuity Group reiterated a “buy” rating and set a $84.00 price objective on shares of Helen of Troy in a report on Monday, October 7th. Finally, StockNews.com downgraded Helen of Troy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th.

Helen of Troy Trading Down 1.6 %

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 1.77. The company’s 50 day moving average price is $57.38 and its 200 day moving average price is $79.17. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 1.45 and a beta of 0.86.

Helen of Troy (NASDAQ:HELE) last posted its earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.16. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. The company had revenue of $474.20 million for the quarter, compared to analyst estimates of $458.85 million. During the same period last year, the company earned $1.45 earnings per share. The business’s revenue was down 3.5% compared to the same quarter last year. Research analysts anticipate that Helen of Troy Limited will post 6.33 EPS for the current year.

Helen of Troy declared that its Board of Directors has approved a stock repurchase program on Thursday, September 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 39.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Entropy Technologies LP acquired a new position in shares of Helen of Troy during the 1st quarter worth about $239,000. Bessemer Group Inc. lifted its holdings in shares of Helen of Troy by 153.7% during the first quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock worth $67,000 after buying an additional 349 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Helen of Troy by 1.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 11,271 shares of the company’s stock valued at $1,299,000 after acquiring an additional 198 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Helen of Troy by 42.0% in the first quarter. BNP Paribas Financial Markets now owns 14,982 shares of the company’s stock worth $1,727,000 after acquiring an additional 4,431 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new position in Helen of Troy during the second quarter worth $289,000.

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.