Helen of Troy (NASDAQ:HELE) Sees Strong Trading Volume on Better-Than-Expected Earnings

Shares of Helen of Troy Limited (NASDAQ:HELE) saw an uptick in trading volume on Wednesday following a stronger than expected earnings report. 298,000 shares traded hands during mid-day trading, an increase of 34% from the previous session’s volume of 222,460 shares.The stock last traded at $93.58 and had previously closed at $100.28.

The company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.11. The firm had revenue of $489.20 million for the quarter, compared to the consensus estimate of $477.88 million. Helen of Troy had a return on equity of 11.65% and a net margin of 8.41%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HELE. DA Davidson lowered their target price on shares of Helen of Troy from $151.00 to $139.00 and set a “buy” rating for the company in a report on Thursday. UBS Group lowered their price objective on shares of Helen of Troy from $121.00 to $100.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, StockNews.com raised Helen of Troy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th.

Institutional Trading of Helen of Troy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC increased its position in shares of Helen of Troy by 101.5% in the third quarter. SG Americas Securities LLC now owns 2,114 shares of the company’s stock worth $246,000 after acquiring an additional 1,065 shares in the last quarter. Raymond James & Associates raised its position in Helen of Troy by 24.5% in the third quarter. Raymond James & Associates now owns 2,895 shares of the company’s stock valued at $337,000 after purchasing an additional 569 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Helen of Troy by 8.4% during the third quarter. New York State Teachers Retirement System now owns 28,314 shares of the company’s stock worth $3,300,000 after purchasing an additional 2,203 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Helen of Troy by 12.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,976 shares of the company’s stock worth $580,000 after buying an additional 553 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Helen of Troy in the third quarter valued at about $93,000.

Helen of Troy Trading Up 0.2 %

The business has a 50 day moving average price of $113.22 and a 200-day moving average price of $112.29. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.35 and a beta of 0.80. The company has a quick ratio of 0.98, a current ratio of 1.87 and a debt-to-equity ratio of 0.41.

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 preparation tools and gadgets, storage containers, and organization products; coffee makers, grinders, manual pour overs, and tea kettles; household cleaning products, shower organization, and bathroom accessories; feeding and drinking products, child seating, cleaning tools, and nursery accessories; insulated hydration bottles, hydration packs, drinkware, mugs, food containers, lunch containers, insulated totes, soft coolers, and accessories; and technical and outdoor sports packs, travel packs and accessories, luggage, daypacks, and everyday packs.