Helen of Troy (NASDAQ:HELE) Price Target Lowered to $72.00 at UBS Group

Helen of Troy (NASDAQ:HELE) had its price target lowered by UBS Group from $100.00 to $72.00 in a report released on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Separately, DA Davidson downgraded shares of Helen of Troy from a buy rating to a neutral rating and cut their target price for the company from $139.00 to $67.00 in a research note on Wednesday.

Helen of Troy Trading Down 0.6 %

Helen of Troy stock opened at $64.07 on Wednesday. Helen of Troy has a one year low of $60.00 and a one year high of $143.68. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 1.26 and a beta of 0.84. The firm has a 50-day moving average of $97.62 and a 200-day moving average of $108.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.87 and a quick ratio of 0.99.

Helen of Troy (NASDAQ:HELE) last issued its earnings results on Tuesday, July 9th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.60). Helen of Troy had a net margin of 7.82% and a return on equity of 10.25%. The firm had revenue of $416.80 million during the quarter, compared to analyst estimates of $445.85 million. During the same quarter last year, the business posted $1.58 earnings per share. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. On average, equities analysts expect that Helen of Troy will post 6.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Helen of Troy by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,408,664 shares of the company’s stock valued at $280,754,000 after acquiring an additional 16,124 shares during the period. Capital Research Global Investors raised its holdings in Helen of Troy by 6.9% in the 4th quarter. Capital Research Global Investors now owns 1,761,029 shares of the company’s stock valued at $212,750,000 after acquiring an additional 114,215 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Helen of Troy by 1.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 920,098 shares of the company’s stock valued at $106,032,000 after acquiring an additional 13,206 shares during the period. Earnest Partners LLC raised its holdings in Helen of Troy by 10.9% in the 1st quarter. Earnest Partners LLC now owns 648,515 shares of the company’s stock valued at $74,735,000 after acquiring an additional 63,595 shares during the period. Finally, Capital International Investors raised its holdings in Helen of Troy by 14.2% in the 1st quarter. Capital International Investors now owns 360,102 shares of the company’s stock valued at $41,498,000 after acquiring an additional 44,758 shares during the period.

About Helen of Troy

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.