Helen of Troy Limited (NASDAQ:HELE) Sees Large Decline in Short Interest

Helen of Troy Limited (NASDAQ:HELEGet Free Report) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 2,140,000 shares, a decline of 5.7% from the December 15th total of 2,270,000 shares. Approximately 9.5% of the shares of the company are short sold. Based on an average daily volume of 490,600 shares, the short-interest ratio is presently 4.4 days.

Institutional Investors Weigh In On Helen of Troy

A number of institutional investors have recently added to or reduced their stakes in HELE. Public Employees Retirement System of Ohio raised its holdings in shares of Helen of Troy by 30.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 783 shares of the company’s stock worth $48,000 after buying an additional 182 shares in the last quarter. GAMMA Investing LLC raised its stake in Helen of Troy by 96.0% during the fourth quarter. GAMMA Investing LLC now owns 484 shares of the company’s stock worth $29,000 after acquiring an additional 237 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Helen of Troy by 1.0% during the second quarter. The Manufacturers Life Insurance Company now owns 26,566 shares of the company’s stock valued at $2,464,000 after acquiring an additional 260 shares during the period. Bank of Montreal Can boosted its stake in shares of Helen of Troy by 7.9% in the 2nd quarter. Bank of Montreal Can now owns 7,839 shares of the company’s stock valued at $779,000 after purchasing an additional 573 shares in the last quarter. Finally, First Hawaiian Bank grew its holdings in shares of Helen of Troy by 7.2% in the 4th quarter. First Hawaiian Bank now owns 10,032 shares of the company’s stock worth $600,000 after purchasing an additional 671 shares during the last quarter.

Helen of Troy Stock Down 2.2 %

Shares of HELE stock opened at $64.44 on Monday. Helen of Troy has a one year low of $48.05 and a one year high of $127.83. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.92 and a quick ratio of 0.85. The stock has a fifty day moving average price of $65.77 and a 200 day moving average price of $62.26. The stock has a market cap of $1.47 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 1.95 and a beta of 0.90.

Helen of Troy (NASDAQ:HELEGet Free Report) last released its quarterly earnings data on Wednesday, January 8th. The company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.60 by $0.07. The company had revenue of $530.70 million during the quarter, compared to the consensus estimate of $532.91 million. Helen of Troy had a net margin of 6.05% and a return on equity of 9.13%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the firm earned $2.79 EPS. Analysts predict that Helen of Troy will post 6.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HELE shares. Canaccord Genuity Group reissued a “buy” rating and issued a $84.00 price objective on shares of Helen of Troy in a research report on Monday, October 7th. UBS Group reduced their price target on shares of Helen of Troy from $79.00 to $69.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, DA Davidson boosted their price objective on shares of Helen of Troy from $71.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, November 25th.

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Helen of Troy Company Profile

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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.

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