Helen of Troy (NASDAQ:HELE) Downgraded to “Sell” at BidaskClub

Helen of Troy (NASDAQ:HELE) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday, June 29th, BidAskClub reports.

Other analysts also recently issued research reports about the stock. Sidoti downgraded shares of Helen of Troy from a “buy” rating to a “neutral” rating in a report on Wednesday, May 8th. ValuEngine downgraded shares of W&T Offshore from a “hold” rating to a “sell” rating in a report on Friday, April 26th. DA Davidson reissued a “buy” rating on shares of Great Western Bancorp in a report on Thursday, April 25th. Bank of America dropped their price objective on shares of Nordstrom from $40.00 to $32.00 and set an “underperform” rating on the stock in a report on Wednesday, May 22nd. Finally, Zacks Investment Research cut shares of GP Strategies from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $156.50.

NASDAQ HELE traded down $2.89 during trading on Friday, hitting $147.97. The company had a trading volume of 168,719 shares, compared to its average volume of 329,063. The firm has a market capitalization of $3.72 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 2.98 and a beta of 0.67. The company has a current ratio of 2.20, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35. Helen of Troy has a one year low of $108.31 and a one year high of $151.73. The stock has a fifty day simple moving average of $136.66.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings data on Tuesday, July 9th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.38. The business had revenue of $376.30 million during the quarter, compared to analyst estimates of $351.54 million. Helen of Troy had a net margin of 10.81% and a return on equity of 18.61%. Helen of Troy’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $1.87 EPS. As a group, equities research analysts expect that Helen of Troy will post 7.42 EPS for the current fiscal year.

In other Helen of Troy news, Director Timothy F. Meeker sold 2,400 shares of Helen of Troy stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $144.00, for a total transaction of $345,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vincent D. Carson sold 13,415 shares of Helen of Troy stock in a transaction on Friday, July 12th. The stock was sold at an average price of $146.08, for a total transaction of $1,959,663.20. The disclosure for this sale can be found here. Company insiders own 0.77% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans boosted its stake in Helen of Troy by 4.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 6,693 shares of the company’s stock worth $878,000 after buying an additional 278 shares during the period. Legal & General Group Plc boosted its stake in shares of Helen of Troy by 11.8% during the fourth quarter. Legal & General Group Plc now owns 28,641 shares of the company’s stock valued at $3,757,000 after purchasing an additional 3,019 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of Helen of Troy during the fourth quarter valued at $1,450,000. Strs Ohio boosted its stake in shares of Helen of Troy by 9.3% during the first quarter. Strs Ohio now owns 11,800 shares of the company’s stock valued at $1,368,000 after purchasing an additional 1,000 shares during the period. Finally, Norges Bank purchased a new stake in shares of Helen of Troy during the fourth quarter valued at $42,576,000. 98.67% of the stock is owned by institutional investors.

About Helen of Troy

Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. It operates in three segments: Housewares, Health & Home, and Beauty. The Housewares segment offers food and beverage preparation tools and gadgets, storage containers, and organization products; household cleaning products, and shower organization, bathroom accessories, and gardening products; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; and insulated water bottles, jugs, drinkware, travel mugs, and food containers.

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