Helen of Troy (HELE) Downgraded to Sell at Zacks Investment Research

Helen of Troy (NASDAQ:HELE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, December 5th.

According to Zacks, “Helen of Troy Limited is a leading global consumer products company offering creative solutions for their customers through a diversified portfolio of well-recognized and widely trusted brands. They have built leading market positions through new product innovation, product quality and competitive pricing. They have four business segments: Housewares, Health & Home, Nutritional Supplements and Beauty. Their Housewares segment provides a broad range of products to help with food preparation, cooking, cleaning, organization, beverage service. Their Health & Home products focuses on healthcare and home comfort products. Their Nutritional Supplements segment provides premium branded doctor formulated nutritional supplements, skincare and pain relief products. Their Beauty segment provides personal care, beauty care and wellness products including hair styling appliances; grooming tools; decorative haircare accessories; and liquid-, solid- and powder-based personal care products. “

A number of other research analysts also recently weighed in on HELE. BidaskClub downgraded Helen of Troy from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Bank of America assumed coverage on Helen of Troy in a research note on Tuesday, August 29th. They issued an “underperform” rating and a $87.00 target price on the stock. CL King began coverage on Helen of Troy in a research note on Tuesday, September 12th. They issued a “buy” rating and a $104.00 target price on the stock. KeyCorp reaffirmed a “hold” rating on shares of Helen of Troy in a research report on Friday, October 6th. Finally, ValuEngine raised Helen of Troy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Helen of Troy presently has a consensus rating of “Buy” and an average target price of $101.00.

Shares of Helen of Troy (HELE) traded down $0.45 during trading on Tuesday, hitting $96.35. The stock had a trading volume of 88,402 shares, compared to its average volume of 152,901. The firm has a market capitalization of $2,639.40, a price-to-earnings ratio of 24.58, a PEG ratio of 13.46 and a beta of 0.91. The company has a quick ratio of 0.85, a current ratio of 1.89 and a debt-to-equity ratio of 0.41. Helen of Troy has a 12 month low of $84.05 and a 12 month high of $102.88.

Helen of Troy (NASDAQ:HELE) last announced its earnings results on Thursday, October 5th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.29. Helen of Troy had a return on equity of 18.28% and a net margin of 6.93%. The company had revenue of $378.46 million for the quarter, compared to analyst estimates of $377.08 million. During the same period in the previous year, the firm earned $1.31 earnings per share. Helen of Troy’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities analysts anticipate that Helen of Troy will post 6.42 earnings per share for the current fiscal year.

In other Helen of Troy news, Director Timothy F. Meeker sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $94.00, for a total value of $235,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.57% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HELE. Flinton Capital Management LLC grew its stake in shares of Helen of Troy by 66.0% in the 2nd quarter. Flinton Capital Management LLC now owns 1,408 shares of the company’s stock valued at $133,000 after purchasing an additional 560 shares during the period. Riverhead Capital Management LLC grew its stake in shares of Helen of Troy by 85.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,665 shares of the company’s stock valued at $157,000 after purchasing an additional 765 shares during the period. Citigroup Inc. grew its stake in shares of Helen of Troy by 18.3% in the 2nd quarter. Citigroup Inc. now owns 1,735 shares of the company’s stock valued at $163,000 after purchasing an additional 268 shares during the period. Victory Capital Management Inc. grew its position in Helen of Troy by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,966 shares of the company’s stock worth $185,000 after acquiring an additional 295 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Helen of Troy during the 2nd quarter worth approximately $213,000. Institutional investors own 91.76% of the company’s stock.

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About Helen of Troy

Helen Of Troy Limited is a global consumer products company that offers a range of solutions for its customers through a range of brands. The Company is a global designer, developer, importer, marketer and distributor of a portfolio of brand-name consumer products. The Company has three segments. The Housewares segment provides a range of consumer products for the home.

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