DA Davidson Downgrades Helen of Troy (NASDAQ:HELE) to Neutral

Helen of Troy (NASDAQ:HELE – Download Free Report) was downgraded by investment analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, Briefing.com reports. They currently have a price target for the stock of $67.00, down from the previous price target of $139.00. The DA Davidson price target indicates a potential upside of 4.15% from the company’s current price.

Separately, UBS Group lowered their price target on shares of Helen of Troy from $121.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th.

Check out our latest stock report on HELE

Helen of Troy Price Performance

HELE stock opened at $64.33 on Wednesday. The company has a market capitalization of $1.47 billion, a P/E ratio of 9.11, a PEG ratio of 1.38 and a beta of 0.84. The company’s 50 day moving average price is $99.51, and its 200 day moving average price is $109.63. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.99 and a current ratio of 1.87. Helen of Troy has a twelve-month low of $60.00 and a twelve-month high of $143.68.

Helen of Troy (NASDAQ:HELE – Get Free Report) last released its quarterly earnings data on Tuesday, July 9. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.60). The company had revenue of $416.80 million for the quarter, compared to the consensus estimate of $445.85 million. Helen of Troy had a net margin of 8.41% and a return on equity of 11.65%. Helen of Troy’s revenue decreased 12.2% compared to the same quarter last year. During the same period last year, the company posted $1.58 earnings per share. Research analysts expect Helen of Troy to post 8.07 earnings per share for the current fiscal year.

Hedge funds weigh in on Helen of Troy

Institutional investors recently changed their holdings in the company. YHB Investment Advisors Inc. bought a new position in shares of Helen of Troy during the first quarter worth approximately $29,000. Bessemer Group Inc. increased its position in shares of Helen of Troy by 153.7% in the first quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock worth $67,000 after purchasing an additional 349 shares during the period. Headlands Technologies LLC bought a new position in shares of Helen of Troy during the first quarter worth approximately $201,000. ARGA Investment Management LP acquired a new stake in shares of Helen of Troy during the first quarter worth $218,000. Finally, Entropy Technologies LP acquired a new stake in shares of Helen of Troy during the first quarter valued at $239,000.

Helen of Troy Company Profile

(Download the free report)

Helen of Troy Limited supplies a variety of consumer products in the United States, Canada, Europe, the Middle East, Africa, Asia Pacific, and Latin America. The company operates in two segments: Home & Leisure and Beauty & Wellness. The Home & Leisure segment offers food storage containers, kitchenware for cooking and preparing salads, fruits, vegetables, and meats, graters, slicers, and choppers, bakeware staples, kitchen organization, bath, cleaning, baby, and toddler products, and coffee and electronics tools; and insulated beverageware, including bottles, travel mugs, drinkware, cups, food and lunch containers, insulated bags, soft coolers, outdoor kitchenware, and accessories.

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