UBS Group Lowers Helen of Troy (NASDAQ:HELE) Price Target to $27.00

Helen of Troy (NASDAQ:HELE) had its price target reduced by UBS Group from $29.00 to $27.00 in a research report released on Thursday, Marketbeat reports. They currently have a neutral rating on the stock.

Separately, Canaccord Genuity Group reissued a “hold” rating and set a $26.00 price objective (down previously from $47.00) on shares of Helen of Troy in a report on Friday, July 11th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $43.67.

Helen of Troy Stock Up 3.8%

HELE opened at $26.44 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.70 and a quick ratio of 0.74. Helen of Troy has a 12 month low of $20.02 and a 12 month high of $77.95. The stock has a market capitalization of $606.53 million, a P/E ratio of -1.82 and a beta of 0.84. The business has a 50 day simple moving average of $23.80 and a 200-day simple moving average of $28.98.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings data on Thursday, July 10th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.50). The business had revenue of $371.66 million for the quarter, compared to analyst estimates of $400.69 million. Helen of Troy had a positive return on equity of 8.96% and a negative net margin of 17.89%.The company’s revenue was down 10.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. On average, equities analysts anticipate that Helen of Troy will post 6.46 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Brian Grass purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, July 15th. The shares were bought at an average price of $21.47 per share, for a total transaction of $214,700.00. Following the acquisition, the chief executive officer directly owned 135,932 shares in the company, valued at $2,918,460.04. This trade represents a 7.94% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Tracy Scheuerman acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, July 15th. The shares were purchased at an average price of $20.13 per share, with a total value of $201,300.00. Following the completion of the acquisition, the chief financial officer owned 33,041 shares in the company, valued at approximately $665,115.33. The trade was a 43.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 20,435 shares of company stock worth $425,948 over the last quarter. 0.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Helen of Troy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Helen of Troy by 10.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,912 shares of the company’s stock worth $3,824,000 after buying an additional 6,196 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Helen of Troy by 7,625.2% during the 1st quarter. GAMMA Investing LLC now owns 37,390 shares of the company’s stock valued at $20,000,000 after acquiring an additional 36,906 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Helen of Troy during the 1st quarter worth $714,000. Net Worth Advisory Group increased its holdings in Helen of Troy by 47.0% in the 1st quarter. Net Worth Advisory Group now owns 7,090 shares of the company’s stock valued at $379,000 after purchasing an additional 2,266 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new position in Helen of Troy in the first quarter valued at about $207,000.

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.