The stock of Helen of Troy Limited (NASDAQ:HELE) hit a new 52-week low and has $76.16 target or 8.00% below today’s $82.78 share price. The 7 months bearish chart indicates high risk for the $2.31 billion company. The 1-year low was reported on Oct, 7 by Barchart.com. If the $76.16 price target is reached, the company will be worth $184.80M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 618,106 shares traded hands or 226.62% up from the average. Helen of Troy Limited (NASDAQ:HELE) has declined 11.34% since March 4, 2016 and is downtrending. It has underperformed by 19.38% the S&P500.
Analysts await Helen of Troy Limited (NASDAQ:HELE) to report earnings on October, 13. They expect $0.97 EPS, down 8.49% or $0.09 from last year’s $1.06 per share. HELE’s profit will be $27.06M for 21.34 P/E if the $0.97 EPS becomes a reality. After $1.12 actual EPS reported by Helen of Troy Limited for the previous quarter, Wall Street now forecasts -13.39% negative EPS growth.
Helen of Troy Limited (NASDAQ:HELE) Ratings Coverage
Out of 2 analysts covering Helen of Troy (NASDAQ:HELE), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Helen of Troy has been the topic of 3 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Tuesday, August 25 by Sidoti. The rating was upgraded by Sidoti to “Buy” on Friday, August 19. Jefferies initiated Helen of Troy Limited (NASDAQ:HELE) on Monday, March 7 with “Buy” rating.
According to Zacks Investment Research, “Helen of Troy Limited is a leading designer, producer and marketer of brand name consumer products. The Company’s products include hair dryers, curling irons, hair setters, women’s shavers, brushes, combs, hair accessories, home hair clippers, mirrors, foot baths, body massagers, depilatories and paraffin baths. The Company’s products are sold by mass merchandisers, drug chains, warehouse clubs and grocery stores under the licensed trade names of Vidal Sassoon, the trademark Revlon, Dr. Scholl’s, the trademark BARBIE, and Sunbeam and Oster brands.”
Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.04, from 1.13 in 2016Q1. The ratio worsened, as 22 funds sold all Helen of Troy Limited shares owned while 82 reduced positions. 35 funds bought stakes while 78 increased positions. They now own 26.11 million shares or 2.52% less from 26.78 million shares in 2016Q1.
Snyder Cap Mngmt L P has invested 2.37% of its portfolio in Helen of Troy Limited (NASDAQ:HELE). Gsa Capital Prtn Llp holds 0.06% of its portfolio in Helen of Troy Limited (NASDAQ:HELE) for 10,947 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 807 shares or 0% of all its holdings. Bbva Compass Inc reported 2,402 shares or 0.02% of all its holdings. Boston Advsr Limited Liability Com has 0.58% invested in the company for 224,990 shares. Intrust National Bank Na has 0.18% invested in the company for 4,350 shares. Parametric Port Assoc Ltd Co has invested 0.01% of its portfolio in Helen of Troy Limited (NASDAQ:HELE). Voya Invest Management Llc holds 0.04% or 158,884 shares in its portfolio. Davenport And Limited Com last reported 0% of its portfolio in the stock. Allianz Asset Management Ag has 0% invested in the company for 43,343 shares. The Pennsylvania-based Glenmede Tru Com Na has invested 0% in Helen of Troy Limited (NASDAQ:HELE). Ameriprise Fin has 0.02% invested in the company for 318,954 shares. The California-based California State Teachers Retirement Systems has invested 0.01% in Helen of Troy Limited (NASDAQ:HELE). Qs Investors Ltd Liability Company holds 0.05% of its portfolio in Helen of Troy Limited (NASDAQ:HELE) for 58,059 shares. Alliancebernstein L P holds 653,126 shares or 0.06% of its portfolio.
Insider Transactions: Since May 2, 2016, the stock had 0 insider purchases, and 3 selling transactions for $258,253 net activity. $124,175 worth of Helen of Troy Limited (NASDAQ:HELE) was sold by OPPENHEIM RICHARD J.
More news for Helen of Troy Limited (NASDAQ:HELE) were recently published by: Finance.Yahoo.com, which released: “Helen of Troy Limited Announces Earnings Release Date, Conference Call, and …” on September 22, 2016. Businesswire.com‘s article titled: “Helen of Troy Announces Agreement to Acquire Hydro Flask®” and published on February 29, 2016 is yet another important article.
HELE Company Profile
Helen Of Troy Limited, incorporated on December 8, 1993, is a global consumer products firm that offers a range of solutions for its clients through a range of brands. The Firm is a global designer, developer, importer, marketer and distributor of a portfolio of brand-name consumer products. The Firm has four business divisions: Housewares, Health & Home, Nutritional Supplements and Beauty. The Company’s divisions primarily sell their products through mass merchandisers, drugstore chains, warehouse clubs, home improvement stores, catalogs, grocery stores, specialty stores, beauty supply retailers, e-commerce retailers, wholesalers, and through a range of distributors, as well as directly to consumers.
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