Is Helen of Troy Limited (HELE)’s Fuel Running Low? The Stock Formed Bearish Wedge Down Chart Pattern

December 7, 2017 - By Vivian Park

Investors sentiment increased to 1.42 in Q2 2017. Its up 0.33, from 1.09 in 2017Q1. It is positive, as 16 investors sold Helen of Troy Limited shares while 63 reduced holdings. 39 funds opened positions while 73 raised stakes. 24.40 million shares or 2.05% more from 23.91 million shares in 2017Q1 were reported.
3,810 are owned by Parametrica Mgmt Ltd. Smith Salley And Assocs owns 3,346 shares for 0.06% of their portfolio. Mutual Of America Mngmt Ltd Liability Corporation holds 0.04% in Helen of Troy Limited (NASDAQ:HELE) or 22,403 shares. Oppenheimer Asset Mngmt Incorporated has invested 0% in Helen of Troy Limited (NASDAQ:HELE). Bnp Paribas Arbitrage Sa has 13,671 shares. Northern Corporation reported 0.01% stake. Da Davidson has invested 0% in Helen of Troy Limited (NASDAQ:HELE). Smith Asset Management Gp Limited Partnership accumulated 337 shares. Cooke Bieler L P holds 277,980 shares. Principal Financial Grp holds 0.01% or 114,650 shares. Pacad Investment has 0.04% invested in Helen of Troy Limited (NASDAQ:HELE) for 2,900 shares. Connor Clark & Lunn Investment Mgmt Limited holds 13,675 shares. 84,665 are held by Goldman Sachs Gru. Morgan Stanley reported 0.01% in Helen of Troy Limited (NASDAQ:HELE). Envestnet Asset invested 0% of its portfolio in Helen of Troy Limited (NASDAQ:HELE).

The stock of Helen of Troy Limited (HELE) formed a down wedge with $87.88 target or 3.00 % below today’s $90.60 share price. The 7 months wedge indicates high risk for the $2.47 billion company. If the $87.88 price target is reached, the company will be worth $74.10 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 0.55% or $0.5 during the last trading session, reaching $90.6. About 148,864 shares traded. Helen of Troy Limited (NASDAQ:HELE) has declined 4.61% since December 8, 2016 and is downtrending. It has underperformed by 21.31% the S&P500.

Analysts await Helen of Troy Limited (NASDAQ:HELE) to report earnings on January, 4. They expect $2.07 earnings per share, down 9.61 % or $0.22 from last year’s $2.29 per share. HELE’s profit will be $56.43 million for 10.94 P/E if the $2.07 EPS becomes a reality. After $1.55 actual earnings per share reported by Helen of Troy Limited for the previous quarter, Wall Street now forecasts 33.55 % EPS growth.

Helen of Troy Limited (NASDAQ:HELE) Ratings Coverage

Among 7 analysts covering Helen of Troy (NASDAQ:HELE), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Helen of Troy had 9 analyst reports since August 25, 2015 according to SRatingsIntel. Jefferies initiated the shares of HELE in report on Monday, March 7 with “Buy” rating. The rating was downgraded by Piper Jaffray on Wednesday, December 7 to “Neutral”. PiperJaffray downgraded the shares of HELE in report on Wednesday, December 7 to “Neutral” rating. The firm earned “Hold” rating on Friday, October 6 by KeyBanc Capital Markets. The stock has “Neutral” rating by Sidoti on Tuesday, August 25. The rating was upgraded by Sidoti on Friday, August 19 to “Buy”. The stock of Helen of Troy Limited (NASDAQ:HELE) earned “Hold” rating by KeyBanc Capital Markets on Monday, September 4.

More notable recent Helen of Troy Limited (NASDAQ:HELE) news were published by: Seekingalpha.com which released: “Helen Of Troy: Making A Killing With Little Competition” on June 29, 2017, also Businesswire.com with their article: “Helen of Troy Limited Reports Fourth Quarter Fiscal 2017 Results” published on April 27, 2017, Businesswire.com published: “Helen of Troy Limited Announces Thurman Case to Join its Board of Directors” on December 21, 2016. More interesting news about Helen of Troy Limited (NASDAQ:HELE) were released by: Businesswire.com and their article: “Helen of Troy Limited Announces Krista Berry to Join its Board of Directors” published on March 15, 2017 as well as Businesswire.com‘s news article titled: “Helen of Troy Limited Reports Second Quarter Fiscal 2018 Results” with publication date: October 05, 2017.

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