Helen of Troy (NASDAQ:HELE) Stock Price Down 6.6% – Should You Sell?

Helen of Troy Limited (NASDAQ:HELE)’s stock price was down 6.6% on Monday . The company traded as low as $32.35 and last traded at $31.46. Approximately 21,851 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 522,922 shares. The stock had previously closed at $33.69.

Analyst Ratings Changes

Several analysts have recently commented on HELE shares. StockNews.com cut shares of Helen of Troy from a “buy” rating to a “hold” rating in a research note on Friday, April 18th. Canaccord Genuity Group lowered their price objective on Helen of Troy from $92.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, UBS Group cut their target price on Helen of Troy from $68.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th.

Helen of Troy Trading Up 5.6 %

The company has a market cap of $769.56 million, a PE ratio of 6.79, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. The company has a current ratio of 1.92, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45. The business has a 50 day simple moving average of $48.80 and a two-hundred day simple moving average of $59.32.

Institutional Investors Weigh In On Helen of Troy

A number of institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank grew its stake in Helen of Troy by 0.9% during the fourth quarter. Swiss National Bank now owns 45,000 shares of the company’s stock worth $2,692,000 after buying an additional 400 shares during the period. Principal Financial Group Inc. boosted its position in Helen of Troy by 5.2% during the 4th quarter. Principal Financial Group Inc. now owns 131,305 shares of the company’s stock worth $7,856,000 after purchasing an additional 6,471 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Helen of Troy by 446.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 646,746 shares of the company’s stock valued at $38,695,000 after purchasing an additional 528,305 shares in the last quarter. KBC Group NV raised its position in Helen of Troy by 73.1% in the fourth quarter. KBC Group NV now owns 1,352 shares of the company’s stock valued at $81,000 after purchasing an additional 571 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Helen of Troy during the fourth quarter worth about $484,000.

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.